Affirm (AFRM) Stock Pops 12% After Blowout Quarter - 11th Straight GMV Beat
TLDR
- Affirm stock jumped 12% in premarket trading after Q2 FY2026 earnings beat Wall Street estimates across the board.
- Revenue rose 33% year-over-year to $1.17 billion, beating analyst expectations of $1.11 billion.
- Gross merchandise volume (GMV) hit $14.1 billion, topping the $13.4 billion consensus estimate.
- GAAP EPS came in at $4.62, crushing analyst estimates of $0.35.
- Affirm announced a new partnership with Shopify to launch Shop Pay Installments in Australia.
Affirm (AFRM) stock surged 12% to $86.80 in premarket trading on Friday after the buy now, pay later company delivered a strong fiscal Q2 report that beat expectations across multiple metrics.
Revenue for the quarter ended June 30 came in at $1.17 billion, up 33% year-over-year and ahead of the $1.11 billion Wall Street had forecast. That beat came in at 5.2% above consensus.
GMV, the total value of transactions processed through Affirmโs platform, jumped 36% to $14.1 billion. Analysts had expected $13.4 billion. Direct merchant point-of-sale integrations drove roughly half that growth.
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