Affirm

Affirm CEO Max Levchin noted a slight dip in shopping interest among federal employees due to the government shutdown, though no major credit defaults were observed. This comes after Affirm reported strong Q1 earnings, exceeding expectations with a 34% revenue increase and a 42% GMV surge. Strategic partnerships with Amazon, Shopify, and Apple contribute to Affirm’s success, despite increasing competition from Klarna. Affirm raised its full-year GMV outlook to $47.5 billion, driven by growth in areas like ticketing and travel, and expanding its user base as BNPL adoption increases.

Affirm and New York Life are expanding their partnership, with New York Life committing up to $750 million to purchase Affirm’s installment loans through 2026, supporting ~$1.75B in annual loan volume. Building on nearly $2B invested in Affirm’s assets since 2023, this deal reflects a growing trend of insurance companies investing in consumer finance assets for higher yields. Affirm, having facilitated over $100B in transactions with high customer retention, secures financial stability amid economic complexities. The partnership highlights Affirm’s robust model and attracts substantial investment.

Affirm (AFRM) shares jumped 12% after exceeding Wall Street expectations in its fiscal fourth quarter. Earnings reached 20 cents per share with a 33% year-over-year revenue increase to $876 million. Net income was $69.2 million, a stark contrast to last year’s loss. Affirm’s volume surged 44%, driven by partnerships with Shopify and Amazon, despite losing Walmart as a partner. The company issued strong fiscal 2026 guidance, highlighting growth in consumer transactions and the success of its Affirm Card, which saw GMV surge 132%. AI is also boosting merchant volume.

Affirm shares soared after reporting strong fiscal fourth-quarter results, beating expectations with EPS of 20 cents and revenue of $876 million. Revenue jumped 33% year-over-year, and gross merchandise volume increased by 43% to $10.4 billion. The company reported a net income of $69.2 million, a significant improvement from the previous year’s loss. Affirm projects first-quarter revenue between $855 million and $885 million. Despite facing competition from Klarna and Walmart’s shift, Affirm has partnerships with Amazon, Shopify, and Apple.