Affirm Holdings: Delivering Strong Growth and Improving Profitability Amid Buy-Now-Pay-Later Market Expansion

Affirm Holdings reported strong Q2 growth and improved profitability, with gross merchandise volume at $13.8 billion, up 36% YoY, and revenue at $1.12 billion, up 30%. Net income jumped 61% YoY to $130 million. The company's network effects and partnerships are strengthening its position in the competitive buy-now-pay-later market. However, rising credit risks and intense competition could pressure margins if economic conditions weaken.