By Mackenzie Tatananni

Affirm Holdings logged a strong fiscal first quarter, sending shares up sharply in premarket trading Friday.

The fintech posted earnings of 23 cents a share, above the 11 cents analysts had forecast, according to FactSet. Affirm reported a year-earlier loss of 31 cents. Revenue climbed to $933.3 million in the first quarter, handily beating the $883.2 million Wall Street was anticipating.

The company raised is fiscal 2026 outlook for gross merchandise volume and operating margin, saying it expects GMV of more than $47.5 billion, up from more than $46 billion. The company also guided for an adjusted operating margin of more than 27.1% versus more than 26.1% previously.

Citi Research analysts touted the "all-around beat" in a note Friday, highlighting the company's "strong profitability" and GMV growth, up 42% from last year. Driving Affirm's outperformance in the quarter were its 0% APR product, Affirm-branded debit card, and expanding partnerships with payment service providers, Citi said.

Shares of the buy now, pay later Affirm climbed 8.1% in the premarket session. Futures tracking the benchmark S&P 500 index were down 0.4%.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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November 07, 2025 08:12 ET (13:12 GMT)

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