Affirm actions increases by 20% while the CEO Levchin notes the strength of the consumer

Affirm The shares jumped 20% Friday after purchase now, the subsequent company beat Wall Street’s expectations at all levels in its budgetary results in the fourth quarter. The action has already increased by 31% this year before the report, exceeding the gain of 12% of the Nasdaq.

The profit has reached 20 cents per share and almost doubled the expectations of analysts, income also exceeding estimates at $ 876 million, up 33% compared to the previous year.

Net profit was $ 69.2 million for the quarter, against a loss of $ 45.1 million during the same period last year.

The company also offered higher advice for the 2026 fiscal year and optimistic advice for the current quarter.

CEO Max Levchin noted the strength of the consumer and momentum in the United States during an investor call on Thursday.

“We feel very excellent by our ability to be reimbursed in time,” he said.

By entering the impression, the big question was whether to lose Walmart For rival, Klarna would drag the results. Instead, the Metric of the Vollet of Affirm jumped 44% compared to the quarter of the previous year and beat the street with almost a billion dollars, helped by its partnerships with Shop And Amazon.

Affirm, which became a public in 2021, faces intensive competition in electronic commerce while Klarna wins and is preparing for an IPO – even if affirming the links with the main retailers, including an agreement with Apple Last year.

Actimen activities are closely linked to consumer spending, with its popular online loans among electronics, clothing and travel sellers.

After having contracted in the first quarter of an import wave before the April prices of President Donald Trump, the US economy increased by 3.3% in the second quarter, stronger than initially estimated, as consumers and companies maintained despite tariff volatility.

The company has also made a great effort to gain a share at the point of sale with the ADD card – its biggest bet to lead a wider use.

This strategy is gaining ground: the GMV card increased by 132% to 1.2 billion dollars, active card holders almost doubled to 2.3 million and store spending jumped 187%. Loans after zero percent more than tripled and now represent approximately 14% of the volume of the card.

Levchin also highlighted artificial intelligence as a bright point, noting that the first deployments of the new adaptai system of assertions have already provided an average elevation of 5% of the volume of merchants – highlighting the long -standing use of the automatic learning company to supply credit notation and initial optimization.