positive The shares rose 10% on Friday after buying now. The results that followed in the fourth quarter saw Wall Street pay the stock after beating its forecasts all along.
CEO Max Levchin told CNBC on “Money Movers” on Friday that the company is “firing fire with all the pistons.”
Revenues were 20 cents per share, almost doubled analyst expectations, while revenues were $876 million, up 33% year-on-year.
Net income was $69.2 million for the quarter, compared to a loss of $45.1 million in the same period last year.
“We see consumers are trading more and more frequently,” Lebutin told CNBC. “Consumer growth itself, merchant growth, all of these things combine to promote more use.”
The company also provided higher guidance for fiscal year 2026 and brighter guidance for the current quarter.
Levchin pointed out the strength of consumers and the US momentum in an investor’s phone call Thursday.
“We feel that we are very good at our ability to pay off on time,” he said.
Check out the charts from the beginning of the year.
Once we got into print, the big question was whether we would lose it. Walmart Rival Kralna drags the outcome. Instead, Affirm’s key volume metrics rose 44% from the same period last year, beating the streets by nearly $1 billion; Shopify and Amazon.
Released in 2021, Affirm faces growing e-commerce competition as Klarna shares and prepares for IPOs. apple last year.
Affirm’s business is closely linked to consumer spending, with online loans gaining popularity among electronics, apparel and travel sellers.
The US economy expanded 3.3% in the second quarter after contracting in the first quarter due to a surge in imports ahead of President Donald Trump’s April tariffs.
The company is also making a big push to gain share at the point of sale with its AFFIRM cards.
That strategy has gained traction. Card GMV has increased by 132% to $1.2 billion, with active cardholders reaching almost 2.3 million, and in-store spending has risen by 187%. Zero Pan’s APR loans have more than tripled, accounting for about 14% of the card volume.
Levchin downplayed concerns about 0% APR loans, with 50% of new users entering the AFFIRM ecosystem through a “persuasive” rate.
“These 0% transactions are undertaken every time,” he told CNBC on Friday. “If you think that person can’t afford to borrow money, we’ll say to them very sadly, “Hey, this isn’t for you. It won’t work.” “
Levchin also highlights artificial intelligence as a bright spot, and notes that the early rollout of Affirm’s new Adapai system already offers an average of 5% of sellers.
Watch: Affirms 14% surge as card adoption and merchant AI drive rise
