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Revenue climbed 33% to $1.17 billion in the fiscal fourth quarter, while gross merchandise volume rose 36% to $14.1 billion
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Affirm Holdings reported fiscal fourth-quarter results Thursday that topped Wall Street expectations on revenue and transaction volume, sending Affirm stock up roughly 7% on Friday.
Revenue rose 33% to $1.17 billion in the three months ended June 30. Analysts had expected $1.11 billion, according to CNBC. Gross merchandise volume — the total dollar value of transactions processed on Affirm's platform — climbed 36% to $14.1 billion. That topped the $13.39 billion analyst estimate, according to CNBC.
