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 through Affirm's Pay in X 0% installment product and Affirm Card, which doubled active users to 5.2 million and saw card GMV rise 124% to $2.8 billion. Affirm is expanding beyond traditional retail into services and diverse merchant categories, with active consumers and transactions per user both increasing. The company expects GMV to exceed $64 billion in fiscal 2027, reflecting a shift in BNPL usage toward everyday spending and flexible payment options.
SoFi Technologies reported a strong Q3 2026 with record loan originations and improved credit quality, driving an 11% stock surge. The company raised its full-year revenue and earnings outlook despite a tougher interest rate environment, signaling ro...
PayPal's stock fell 3% to $55.12 as investors grew cautious before its third-quarter earnings report, despite Truist raising its price target to $58 and maintaining a Hold rating. The decline is notable compared to smaller drops in Klarna and Affirm ...
