Affirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earlier.
Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results .
For the current quarter, Affirm sees revenue in the range of $640 million and $670 million.
Affirm shares were down 36% for the year as of Wednesday's close, but have been trending higher lately, up 12% in August.
In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.
Persons:
Max Levchin, LSEG, Jerome Powell, Gina Sanchez, CNBC's, Sanchez, that's
Organizations:
Revenue, Federal, Bank of America, Apple, U.S, Lido Advisors