Affirm Holdings Inc. (NASDAQ:AFRM) posted its fourth-quarter results after Thursday’s closing bell, beating expectations across the board. Here’s a look at the details inside the report.
- AFRM stock is moving. Watch the price action here.
Affirm Q4 Details
Affirm reported quarterly earnings of $4.62 per share, according to Benzinga Pro data.
Quarterly revenue came in at $1.17 billion, which beat the analyst consensus estimate of $1.11 billion and was up from $876.42 million in the same period last year. Gross Merchandise Volume (GMV) was $11.6 billion, up 35% year-over-year.
Total transactions during the quarter increased to 45 million, growing 45% and outpacing overall GMV growth.
“We delivered another outstanding set of results this quarter, especially in the broader context of global economic uncertainty,” said CEO Max Levchin.
Looking Ahead: Affirm expects first-quarter revenue in a range of $1.19 billion to $1.22 billion, versus the $1.16 billion analyst estimate.
AFRM Stock Price Activity: According to data from Benzinga Pro, Affirm stock was up 7.76% to $83.44 in Thursday’s extended trading.
Photo: Shutterstock
Login to comment