Affirm Holdings reported quarterly results that exceeded expectations, boosting its shares by nearly 10% in after-hours trading. The company showed strong business resilience with low delinquency rates and 36% growth in gross merchandise volume, despite broader credit concerns in the industry. However, Affirm's valuation remains high, with a forward P/E near 40 and Price/Sales around 6.3, even after a $1.5 billion tax benefit inflated GAAP earnings. Analysts maintain a Hold rating due to the elevated valuation and consumer health risks, though Affirm's risk management and underwriting could position it well for a market recovery.
PayPal's stock dropped 15% after Stripe and Advent International abandoned a $50 billion acquisition deal, removing a key growth catalyst. Despite strong Q2 earnings, the failed buyout erased the premium that had boosted PayPal's price by over 40% th...
Shopify and Affirm have introduced Shop Pay Installments in Australia, allowing shoppers to split purchases into biweekly or monthly payments with options for interest-free or interest-bearing plans. This service, already available in the U.S., Canad...
Affirm reported a 41% increase in transactions in its latest quarter, outpacing a 36% rise in gross merchandise volume (GMV) to $14.1 billion, while average order value declined 4%. The growth is driven by more frequent, smaller purchases, especially...
Affirm Holdings, a leader in buy now, pay later services, is set to report strong Q2 earnings with an expected EPS of $0.35 and revenue of $1.11 billion, up 26.2% year-over-year. Growth is driven by a 29.3% increase in Gross Merchandise Volume and a ...
SoFi Technologies and Coinbase Global stocks rose sharply as stablecoin trading expands beyond crypto-only firms into fintech. SoFi's SoFiUSD stablecoin, backed by the Federal Reserve, and Coinbase's USDC stablecoin are driving this sector rotation, ...
