Affirm Exceeds Earnings Expectations Despite Stock Dip

Affirm Holdings reported a smaller-than-expected loss of 31 cents per share for its fiscal first quarter, beating Wall Street expectations. Revenue rose 41% to $698 million, surpassing estimates, while gross merchandise volume increased 35% to $7.6 billion. Despite the positive earnings, Affirm's stock dipped slightly as its guidance for the upcoming holiday season was only slightly above expectations. The company anticipates fiscal Q2 revenue of $790 million and gross merchandise volume of $9.55 billion. Affirm is expanding its financial services and expects profitability by fiscal Q4 2025.