Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Affirm Stock Surged Today

TheMotleyFool

0 0

Shares of Affirm Holdings (NASDAQ: AFRM) jumped 13.7% on Thursday after the financial services company saw its revenue boosted by its partnerships with e-commerce titans Shopify (NASDAQ: SHOP) and Amazon.com (NASDAQ: AMZN).

Affirm's revenue leaped 55% year over year to $269.4 million in its fiscal 2022 first quarter. That bested Wall Street's projections, which had called for revenue of $248.2 million.

The number of merchants active on Affirm's platform skyrocketed to 102,000, up from 6,500 in the year-ago quarter. Soaring usage of installment payment services among Shopify's over 1.7 million online business customers is helping to turbocharge Affirm's expansion.

Source Fool.com

Like: 0

AFRM

Share