Affirm stock surged 15% after posting impressive fiscal Q4 results, beating Wall Street expectations. Earnings were 20 cents per share, revenue hit $876 million, and net income was $69.2 million, up from a $45.1 million loss last year. The company also provided strong guidance for 2026 and the current quarter.

CEO Max Levchin highlighted consumer strength and U.S. momentum, expressing confidence in timely repayments. Affirm’s key volume metric rose 44% from the previous year, surpassing expectations by almost one billion dollars due to partnerships with Shopify and Amazon. Despite competition, Affirm’s ties with major retailers continue to deepen.

The U.S. economy expanded by 3.3% in Q2, surpassing initial estimates. Affirm is focusing on expanding its Affirm Card at the point of sale, with card GMV growing by 132% to $1.2 billion, active cardholders nearly doubling to 2.3 million, and in-store spend surging by 187%. Zero-percent APR loans have also tripled.

Artificial intelligence is a key area of growth for Affirm, with early deployments of the new AdaptAI system boosting merchant volume by 5%. The company’s use of machine learning for credit scoring and checkout optimization has been crucial to its success.

Read more at CNBC: Affirm stock surges 15% as CEO Levchin notes consumer strength