Affirm Holdings, Inc. (NASDAQ:AFRM) shares are trading higher premarket on Friday after the company reported strong fourth-quarter earnings results.
Adjusted EPS of 48 cents beat the analyst estimate of 34 cents. Sales of $1.165 billion exceeded the $1.106 billion consensus estimate.
Eyes Merchant Expansion
Gross Merchandise Volume (GMV) was $14.1 billion, up 36% year-over-year. Total transactions increased to 53 million, growing 41% and outpacing overall GMV growth.
Transactions per active consumer continue to rise as Affirm expands its merchant base, consumer touchpoints and Affirm Card, while automation is making merchant launches faster and more efficient.
