Affirm stock popped 20% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq's 12% gain.
Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year earlier.
Net income was $69.2 million for the quarter, compared with a loss of $45.1 million in the same period last year.
The firm also offered higher guidance for fiscal 2026 and upbeat guidance for the current quarter.
CEO Max Levchin noted strength in the consumer and momentum in the U.S. on an investor call Thursday.
"We feel quite excellent about our ability to get paid back on time," he said.
Going into the print, the big question was whether losing Walmart to rival Klarna would drag on results. Instead, Affirm's key volume metric jumped 44% from the year-ago quarter and beat the street by nearly a billion dollars, helped by its partnerships with Shopify and Amazon .