Affirm Holdings, Inc. (NASDAQ: AFRM) saw its stock price soar 5.10% during intraday trading on Wednesday.
The significant upward movement follows the company's announcement of an expanded partnership with payment processor Stripe. The collaboration is set to integrate Affirm's buy now, pay later (BNPL) financing into AI-powered commerce, allowing AI shopping agents to offer Affirm as a payment option at checkout using Stripe's shared payment token technology. This move extends Affirm's reach into the growing field of agent-led commerce.
Investor sentiment was further bolstered by the company's recent strong financial performance. Affirm reported second-quarter earnings that surpassed analyst estimates, with revenue of $1.12 billion exceeding forecasts. The company also raised its revenue outlook for fiscal year 2026, alongside reporting substantial growth in active customers and merchants.