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Why Affirm Stock Soared 34% Today

TheMotleyFool

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Shares of Affirm Holdings (NASDAQ: AFRM) rocketed 34.4% on Friday after the payment network's fiscal 2021 fourth-quarter growth metrics dazzled investors.

Affirm's revenue surged 71% year over year to $261.8 million. The gains were fueled by a 106% rise in gross merchandise volume (GMV) -- the total dollar amount of all transactions conducted on Affirm's platform, net of refunds -- to $2.5 billion.

Affirm's flexible payment options are proving popular with shoppers. Image source: Getty Images.

Source Fool.com

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