Affirm stock (AFRM) is up over 46% for the year to date and is outperforming the S&P 500 Index ($SPX) by a significant margin. Looking at the momentum, 2025 could be the third consecutive year in which the stock beats the broader markets hands down. The buy now, pay later (BNPL) company’s stock price has risen over tenfold from its 2022 lows. That year, it plunged 90% amid a broad-based selloff in loss-making growth names.
