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Affirm shares jump 11% as transaction volume surges 42% in the quarter
11/6/2025, 11:14:21 PM
Economic Summary
- AFRM reported earnings and revenues that exceeded Wall Street estimates, with earnings more than doubling expectations, indicating stronger-than-expected profitability trends for the BNPL player.
- Transaction volume for AFRM rose 42% in the quarter and reached a new high despite limited seasonal lift, signaling robust consumer demand and accelerating payment flows.
- AFRM secured a five-year point-of-sale deal with AMZN, a strategic partnership likely to expand BNPL usage and drive incremental transaction volume and merchant adoption.
- Management said the business is scaling cleanly after transitioning off WMT, with no signs of slowdown, suggesting resilience in distribution and customer retention post-partnership change.
- Product and user metrics show momentum: 0% loans are the fastest-growing product with stable credit performance, card volume up 135% YoY, active users at 2.8M, and expanded SHOP partnership in the UK, all implying diversified growth channels.
Bullish
- Affirm beat earnings and revenue estimates with earnings more than doubling expectations.
- Transaction volume jumped 42% and hit a new high despite limited seasonal lift.
- Secured a new five-year point-of-sale deal with Amazon, a major strategic win.
- 0% loans are the fastest-growing product with stable credit performance.
- Card volume rose 135% year-over-year and active users reached 2.8 million.
- Expanded Shopify partnership live in the UK, increasing merchant distribution.
Bearish
No bearish cases captured.
Bullish tickers
AFRMAMZNSHOP
AFRM
Bullish
Beat earnings and revenue estimates; transaction volume +42%; Amazon five-year deal; 0% loans fastest-growing product; card volume +135% YoY; 2.8M active users; Shopify UK expansion.
AMZN
Bullish
Signed a five-year point-of-sale deal with Affirm, a major strategic win supporting BNPL integration.
WMT
SHOP
Bullish
Expanded partnership with Affirm in the UK, potentially increasing BNPL adoption on Shopify merchants.
People mentioned
Max LevchinRob O'HareMackenzie SegalosMel