Affirm Holdings IncAFRM
▲ PositiveCapitalrelevance
Q4 revenue and GMV beat estimates, credit quality improved, and Shopify partnership expanded.
Impact on stocks 1
Digital Finance & Tokenization
Affirm Holdings IncAffirm Holdings posted a fiscal fourth quarter that beat Wall Street expectations, with revenue rising 33% to $1.17 billion and gross merchandise volume up 36% to $14.1 billion, but CEO Max Levchin cautioned that higher gas prices are squeezing the consumers driving that growth. Active consumers grew 21% to 27.8 million, and the Affirm Card's active users more than doubled to 5.2 million. Credit quality improved, with the 30-day delinquency rate falling to 2.5%. The company also extended its Shopify partnership into Australia. Despite the strong results, the stock barely moved, and analysts remain split, with Morgan Stanley keeping a neutral rating while Susquehanna raised its price target to $110.
Affirm Holdings IncQ4 revenue and GMV beat estimates, credit quality improved, and Shopify partnership expanded.