Affirm Surges as Strong Earnings and Bullish Outlook Lift Investor Confidence

Affirm Holdings Inc. (NASDAQ:AFRM) delivered a standout second-quarter performance, far exceeding expectations as demand for its buy now, pay later (BNPL) services remained strong. The upbeat results sent shares soaring more than 21% intra-day today.

The San Francisco-based fintech company reported earnings per share of $0.23, a sharp contrast to analysts’ forecasts of a $0.16 per-share loss. Revenue also outpaced expectations, climbing to $866 million compared to the anticipated $805.62 million.

Affirm’s outlook reinforced investor optimism. The company projects third-quarter revenue between $755 million and $785 million, aligning closely with Wall Street’s estimate of $773.2 million. For fiscal 2025, Affirm expects revenue in the range of $3.13 billion to $3.19 billion, exceeding consensus projections of $3.11 billion.

The strong performance comes at a time when other fintech firms have struggled, prompting some investor caution leading up to the earnings release. However, Affirm demonstrated resilience, balancing rapid growth with solid profitability.