Affirm's stock is gaining after the company topped fiscal fourth quarter earnings expectations, with COO Michael Linford, who was named the company's next president, saying the business is "firing on all cylinders." The company posted its 11th consecutive quarter of over 30% GNV growth, with revenue less transaction costs growing 39% year over year and exceeding its percentage of GNV target. Linford highlighted strong unit economics and operating leverage, with GAAP operating income up over 6 percentage points and adjusted margins above 30%. He expressed optimism about the consumer, citing stable credit trends and employment, and noted the company's expansion with Shopify in Australia and the UK, while acknowledging that international markets will take time to become meaningful. Regarding the abandoned $50 billion PayPal acquisition by Advent and Stripe, Linford declined to comment, saying Affirm is focused on its own opportunities.
Affirm Holdings IncStrong Q4 earnings beat with 39% revenue growth and improved margins.
PayPal Holdings Inc
Shopify IncExpansion with Shopify in Australia and UK could drive more volume.
