Why Affirm Stock Soared 34% Today

Shares of Affirm Holdings (NASDAQ:AFRM) rocketed 34.4% on Friday after the payment network’s fiscal 2021 fourth-quarter growth metrics dazzled investors. 

So what

Affirm’s revenue surged 71% year over year to $261.8 million. The gains were fueled by a 106% rise in gross merchandise volume (GMV) — the total dollar amount of all transactions conducted on Affirm’s platform, net of refunds — to $2.5 billion.

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