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Benzinga
Benzinga
Business
Akanksha Bakshi

Affirm Stock Soars Afterhours On Solid Q3 Results

Affirm Affirm Holdings Inc AFRM Nasdaq Shopify

Affirm Holdings Inc (NASDAQ:AFRM) reported third-quarter revenue growth of 53.8% year-over-year to $354.8 million, beating the consensus of $344.03 million.

GMV was $3.9 billion, an increase of 73% Y/Y. Active merchants increased from 12,000 to 207,000, driven primarily by the adoption of Shop Pay Installments by merchants on Shopify’s platform.

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