By Katherine Hamilton
Affirm's sales jumped in its fiscal first quarter, as more companies implemented its buy now, pay later services in their point of sale systems.
The payments company on Thursday posted a profit of $80.7 million, or 23 cents a share, in the quarter ended Sept. 30, compared with a loss of $100.2 million, or 31 cents a share, a year earlier. Analysts anticipated earnings of 11 cents a share, according to FactSet.
Revenue rose 34% to $933.3 million. Analysts surveyed by FactSet forecast revenue of $883.2 million.
Gross merchandise volume increased 42% to $10.8 billion. About half of that growth came from merchants integrating Affirm into their point-of-sale systems. A third of it came from direct-to-consumer business led by Affirm's debit card.
There was notable strength in services, travel and ticketing, Affirm said. Fashion and beauty grew at its fastest rate in three years.
In the current fiscal second quarter, Affirm expects revenue to be $1.03 billion to $1.06 billion, while analysts were projecting $1.05 billion.
Shares jumped 11% to $73.15 in after-hours trading.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
November 06, 2025 17:26 ET (22:26 GMT)
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