We recently published 10 Stocks Skyrocket While Wall Street Sinks; 5 Quietly Hit New Record Highs. Affirm Holdings, Inc. is one of the top performers on Friday.
Affirm Holdings soared to a new high on Friday, as investors cheered the company’s stellar earnings performance in the fourth quarter of fiscal year 2025.
In intra-day trading, Affirm Holdings, Inc. climbed to its highest 52-week price of $100, before trimming gains to end the day just up by 10.59 percent at $88.46 apiece.
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This followed earnings results during the fourth quarter of the year, where it swung to a net income of $69.2 million from a $45 million net loss in the same period last year.
Total revenues grew by 33 percent to $876.4 million from $659 million registered year-on-year, on the back of a 24-percent growth in interest income, a 37 percent increase in network revenues, a 23 percent jump in servicing income, and a 67-percent gain on sales of loans.
For the full-year period, Affirm Holdings, Inc. hit a net profit of $52 million, reversing a $518-million net loss a year earlier. Revenues increased by 39 percent to $3.2 billion from $2.3 billion year-on-year.
For the full fiscal year of 2026, Affirm Holdings, Inc. is targeting revenues of around 8.4 percent of the expected $46 billion gross merchandise value, or equivalent to $3.864 billion.
For the first quarter alone, revenues were pegged at $855 million to $885 million, while GMV was targeted at $10.10 billion to $10.40 billion.
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This article is originally published at Insider Monkey.
