Key HighlightsAffirm exceeded Q4 revenue projections, reporting $1.2 billion—a 33% year-over-year increaseTotal gross merchandise volume climbed 36% to reach $14.1 billion, surpassing the $13.4 billion forecastAFRM shares surged 8.9% to close at $84.42 on Friday, marking the strongest daily performance since JanuaryThe fintech company and Shopify are rolling out Shop Pay Installments across AustraliaWall Street analysts upgraded their targets, with Citi setting a $115 mark and J.P. Morgan at $105Affirm delivered impressive fiscal fourth-quarter results that exceeded analyst expectations across key metrics. Shares rallied 8.9% to $84.42 on Friday, representing the company’s most significant single-session gain in months.Affirm Holdings, Inc., AFRMThe buy-now-pay-later platform reported revenue of $1.2 billion during the quarter ending June 30, representing a 33% year-over-year jump that outpaced Street estimates of $1.1 billion.Total gross merchandise volume reached $14.1 billion, climbing 36% from the prior year and significantly exceeding analyst projections of $13.4 billion. Approximately half of this expansion came from direct point-of-sale merchant integrations.The company’s GAAP operating margins expanded by six percentage points to 12.6%, demonstrating improved operational efficiency and scale benefits.Michael Linford, recently appointed as company president, characterized the performance as a “home run,” highlighting that it represented the 11th consecutive quarter with GMV growth exceeding 30%.Partnership With Shopify Reaches AustraliaCoinciding with its earnings release, Affirm revealed plans to extend its Shopify collaboration by introducing Shop Pay Installments to Australian consumers. Since its 2021 debut, this payment solution has become a top choice for Shopify users throughout the United States, Canada, and United Kingdom.The expansion represents Affirm’s re-entry into the Australian marketplace. Shopify merchants operating in Australia will now be able to provide their customers with flexible fortnightly or monthly payment plans without any late fee penalties.Linford described the international expansion as Shopify facilitating Affirm’s entry into additional territories, echoing the pattern established during last year’s United Kingdom launch.“Our largest partner, Shopify, is once again pulling us into a new market,” Linford said. “We really think there’s an opportunity here to serve all the markets that Shopify is in.”Wall Street Raises Price TargetsFinancial analysts reacted favorably to the quarterly performance. Susquehanna’s James Friedman increased his price objective to $110 from $105, describing both the quarterly results and fiscal 2027 outlook as “exceptionally strong.”Bryan Keane at Citi maintained his Buy recommendation alongside a $115 price target. He characterized Affirm as a “secular winner in payments” and stated the company has reached a scale where it is “too big to be slowed down or disintermediated.”Connor Allen from J.P. Morgan elevated his price target to $105 from $90 while reaffirming an Overweight stance.Morgan Stanley’s James Faucette modestly raised his target from $80 to $82 but maintained a neutral position, pointing to valuation concerns.Looking ahead to fiscal 2027, Affirm projected GMV will surpass $64 billion, exceeding consensus estimates of $63 billion. Management is targeting $100 billion in GMV over the medium term, with analysts forecasting this milestone could arrive by 2029.The company’s 30-day delinquency rate stood at 2.5% for the quarter when excluding Peloton and Pay in 4 loans, showing improvement from the 2.7% to 2.8% range recorded during the previous three quarters.Through Friday’s close, Affirm stock has advanced 4.1% in 2026, underperforming broader market indices. Competitors including SoFi and Klarna have posted negative returns year-to-date, declining 27% and 52% respectively.The post Affirm (AFRM) Stock Surges 9% Following Strong Q4 Earnings and Shopify Partnership Expansion appeared first on Blockonomi.