Financial Technology

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.

MCAP Inc. (OTC: MCAP) reported Q1 2025 EPS of $0.09 alongside $24M revenue and $3.2M adjusted EBITDA, reflecting progress toward scaling high-margin financial tech operations. Strategic focus areas include institutional client expansion, low-latency infrastructure upgrades, and targeted capital deployment. The firm’s international order book business grew 12% quarter-over-quarter, driven by its Singapore market-making unit. With 47 pending patent filings and initiatives in blockchain settlement and AI compliance systems, MCAP aims for ISO 27001 certification by Q3. Recent trademark filings hint at cross-asset digital execution ambitions, though regulatory hurdles persist. Shares trade at 12x forward EBITDA, below sector average, as cybersecurity and EU AI trading rules pose potential cost risks.