Affirm Stock Falls 6% on the Day Bernstein Raises Target

Affirm Holdings (AFRM) stock rose 9% after-hours on Q4 earnings beat. Net income was $4.62 per share, beating estimates, with revenue at $1.17B. GMV grew 36% to $14.1B. The company expects Q1 revenue of $1.19B-$1.22B and FY27 GMV over $64B.

Affirm Holdings (AFRM) reported its most profitable quarter, yet shares fell 4.26%. CEO Max Levchin will focus on future products, while current business grows. The Affirm Card shows strong engagement, with 30% of transactions offline. Fiscal 2027 guidance expects 4.2% revenue growth. Management highlights underwriting risks and slow enterprise sales. Institutional ownership slightly decreased, and the stock trades at a forward P/E of 40.16.

Affirm reported a 36% increase in GMV to $14.1 billion for Q4, with transactions up 41% to 52.9 million. Active consumers rose to 27.8 million. The average order value declined 4%, while Affirm Card active users more than doubled to 5.2 million, with Card GMV reaching $2.8 billion.

Affirm Holdings (AFRM) reported Q4 revenue of $1.17B, up 33%, beating estimates. GMV rose 36% to $14.1B, and active users increased 21% to 27.8M. CEO Max Levchin noted gas prices may pressure consumers. Analysts raised price targets, citing strong guidance.

Affirm Holdings reported its most profitable quarter, driven by core business performance and operational efficiency. The company expanded its services, emphasizing a 'credit as an input' philosophy and strong early reception in the U.K. Management expects a mix shift toward interest-bearing loans and focuses on solving in-store friction points. Affirm Card attach rates reached 19% of active users, with cardholders demonstrating twice the transaction frequency of standard users. The company prov

Affirm (AFRM) shares rose 5.3% after reporting Q2 2026 results, with revenue of $1.17B (+33% YoY) and GAAP EPS of $4.62, both beating estimates. The company guided Q3 2026 revenue to $1.21B, also above expectations. Shares closed at $81.27, up 3.4%.