AFRM Earnings Beat: 29.6% Revenue Surge, Profit Miss; Focus on Diversification and Card Expansion

Affirm (NASDAQ:AFRM) topped revenue expectations in Q4 CY2025, with sales rising 29.6% year-on-year to $1.12 billion. Non-GAAP profit of $0.72 per share was 13.9% below consensus. Management credited growth from broader merchant diversification, higher transactions per user, and expansion of the Affirm Card. CEO Max Levchin said the business is growing well with diversification in GMV, and the Affirm Card remains a significant driver of metrics. The company expects continued momentum from international partnerships, AI investments, and new verticals including services and auto repair, alongside regulatory progress toward a bank charter. Looking ahead, guidance reflects disciplined margin management as Affirm expands its merchant base and product offerings. AFRM closed at $59.40, in line with the pre-earnings price.