Affirm Holdings (AFRM.US) is surging almost 35% and is the best performing Wall Street stock today. Share price surge was triggered by release of fiscal-Q4 2024 earnings report (calendar April - June 2024 quarter), that turned out to be better than expected.
Affirm Holdings reported a 48% YoY jump in fiscal-Q4 revenue, as well as bigger than expected gross profit. While company reported losses on operating and net income level, they were smaller than expected by analysts. Fiscal-Q4 gross merchandise volume, or GMV, came in in-line with market expectations.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
قم بفتح حساب حقيقي جرب الحساب التجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالSpeaking of GMV, Affirm now expects full-year fiscal-2025 GMV to exceed $33.5 billion, while analysts expected it to reach around $33.05 billion. Affirm also issued upbeat fiscal-Q1 2025 forecast and expects GMV to reach $7.1-7.4 billion (exp. $7.18 billion) with revenue of $640-670 million (exp. $632 million).
Affirm Holdings fiscal-Q4 2024 results
- Revenue: $659.2 million vs $605.1 million expected
- Gross merchandise volume: $7.2 billion vs $7.18 billion
- Gross profit: $309.4 million vs $264.1 million expected
- Gross margin: 46.9% vs 42.9% expected
- Operating expenses: $732.6 million vs $787.9 million expected
- Operating income: -$73.5 million vs -$165 million expected
- Operating margin: -11.1% vs -24.5% expected
- Net income: -$45.1 million vs -$150.8 million expected
- Net margin: -6.8% vs -24.9% expected
- Diluted EPS: -$0.14 vs -$0.47 expected
Better-than-expected results from Affirm Holdings triggered a surge in the share price, with the move higher being further supported by comments from Affirm's CEO, who said that the company may turn in a positive operating income in the final quarter of fiscal-2025 (calendar Q2 2025). Company is surging almost 35% today, marking the biggest single-day jump in over 2 and half years.
Source: xStation5
