Max Levchin, co-founder of PayPal and CEO of Affirm, attends the Sun Valley Conference. Affirm’s shares surged 15% after reporting Q4 earnings exceeding expectations. Revenue increased 33% to $876 million, with gross merchandise volume climbing 43% to $10.4 billion. The company achieved profitability and forecasts revenue between $855 million and $885 million for Q1. Affirm faces competition from Klarna and partners with Amazon, Shopify, and Apple.

Read more at CNBC: Affirm (AFRM) Q4 2025 earnings report