Affirm's Gross Merchandise Volume

Plus, Block earnings fall short.

November 07, 2025

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Today is Friday, November 7, 2025.

The Early Bird Index today is 83.49.

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Affirm's Gross Merchandise Volume

Affirm Holdings $AFRM ( ▼ 7.77% ) , the fintech company known for its buy-now-pay-later product, surged 11.92% in after-hours trading on Thursday after posting good financial results.

Financials: Affirm reported earnings of 23 cents per share in the past quarter and revenue of $933 million. Both were better than expected.

Powering the Story: The company said that its gross merchandise volume (basically the value of what was sold minus discounts) jumped 42% in the quarter to $10.8 billion. It grew due to point-of-sale integrations with merchants, the company’s direct-to-consumer debit card, and wallet partnerships.

Early Bird’s Nest Egg Gains: Gross merchandise volume is the core metric for tracking Affirm’s operational health, revenue opportunity, and strategic execution, directly influencing its financial results and future growth prospects. It reflects demand for its buy now, pay later services and signals underlying business growth.

Final Thoughts: Investors with Affirm finally got good results. The stock has been lagging behind the broader market for a long time.

Notables

Notable Earnings Today: Constellation Energy (Nasdaq: CEG), Wendy's (Nasdaq: WEN), Six Flags Entertainment (NYSE: FUN), AMC Networks (Nasdaq: AMCX), Telus (NYSE: TU), American Axle (NYSE: AXL), Fluor (NYSE: FLR),  KKR (NYSE: KKR), Brookfield Infrastructure (NYSE: BIP), Duke Energy (NYSE: DUK), 1stdibs.com (Nasdaq: DIBS), Algonquin Power & Utilities (NYSE: AQN), ANI Pharma (Nasdaq: ANIP), Atmus Filtration Technologies (NYSE: ATMU), Canopy Growth (Nasdaq: CGC), CNH Industrial (NYSE: CNH), Delek US Holdings (NYSE: DK), DoubleVerify (NYSE: DV), Enbridge (NYSE: ENB), Essent Group (NYSE: ESNT), Franklin Resources (NYSE: BEN), Gray Media (NYSE: GTN), Holley (NYSE: HLLY), Koppers Holdings (NYSE: KOP), MarketAxess (Nasdaq: MKTX), Perella Weinberg Partners (Nasdaq: PWP), Sunstone Hotel (NYSE: SHO).

Notable IPOs Today: Crown Reserve Acquisition Corp. I Unit (Nasdaq: CRACU), Tailwind 2.0 Acquisition Corp. Unit (Nasdaq: TDWDU).

Notable Equity Crowdfunding Campaigns Ending Today: Stellaris Corporation (Wefunder).

Notable Economic Events Today: Michigan Consumer Expectations / Sentiment (10:00 a.m. ET), Consumer Credit (3:00 p.m. ET).

Block Earnings Fall Short

Fintech company Block $XYZ ( ▼ 3.69% ) plunged 11.53% in after-hours trading on Thursday after posting disappointing financial earnings results.

Financials: Block reported earnings of 54 cents per share in the past quarter and revenue of $6.11 billion. Both were lower than expected.

Final Thoughts: Block, previously down 18% this year, continues to produce earnings that fall short of estimates.

Expedia’s Booked Room Nights

Travel giant Expedia $EXPE ( ▲ 2.76% ) jumped 14.78% in after-hours trading on Thursday after posting good financial earnings results.

Financials: Expedia reported earnings of $7.57 per share in the past quarter and revenue of $4.41 billion. Both were better than expected.

Details: Growth in the U.S. was so strong that booked room nights grew 11%.

Final Thoughts: Expedia, already up 18% this year, is riding the wave of strong travel demand.

Elon’s Big Payday: Tesla shareholders approve Musk's $1 trillion pay package (Yahoo! Finance)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.