Affirm Stock Jumps 8% After-Hours on Q4 Earnings Report

Shares of Affirm Holdings (AFRM) jumped 8.48% in after-hours trading to $84.02 on Thursday following the release of the buy-now-pay-later (BNPL) company's fourth-quarter and full-year fiscal 2026 financial results.

Market Reaction to Earnings

The positive market reaction suggests Affirm's performance cleared the consensus analyst hurdles set ahead of the report. Wall Street had anticipated earnings per share of $0.35 on revenue of approximately $1.11 billion, according to Investing.com.

The stock's sharp move higher met expectations from the options market, which had priced in a potential move of roughly 9.7% in either direction surrounding the earnings event. The after-hours price of $84.02 puts the stock well above its regular-session high of $78.20, though it remains below its 52-week high of $100.

Analyst Sentiment and Growth Metrics

Affirm entered its earnings announcement with broadly positive sentiment from analysts and strong underlying business metrics. The company's direct-to-consumer card business has been a significant growth driver, with key pre-report figures including:

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• Card volume surging 146% year-over-year to $2.13 billion
• Active cardholders climbing to 4.4 million

In the days leading up to the release, Oppenheimer raised its price target on the stock to $100 from $87, while Morgan Stanley lifted its target to $80 from $79. The mean price target on Wall Street stood at $91.67, implying further potential upside for the stock.

Industry Context

The strong results are particularly important for investors as Affirm navigates an increasingly competitive BNPL sector. The company's ability to execute on its growth targets is closely watched as it competes for market share against rivals such as Klarna and Sezzle.