Does Affirm’s stock have a “breakout on tap”? Analysts have expressed this sentiment following the buy-now-pay-later firm’s fiscal 2026 fourth-quarter results, which exceeded expectations, alongside a positive outlook. And it may have already begun: Affirm shares are soaring 12% early Friday, a day after the company posted fiscal fourth-quarter revenue of $1.17 billion, gross merchandise volume of $14.06 billion, and adjusted operating income of $353.4 million. All three figures exceeded the average projections of analysts.

The move has the stock above $87 per share, marking its highest prices of the year. Affirm’s report indicated a trajectory toward $112, representing an increase of over 40% from the previous day’s closing price. “Affirm continues to distinguish itself from peers, with robust 36% year-over-year GMV growth,” wrote William Blair analysts, who have an “outperform” rating on the stock. For the year, Affirm posted GMV of $50.17 billion, up 37% from fiscal 2025.

“Affirm’s growth can no longer be explained away by the novelty of our product, and our steady credit outcomes demonstrate our commitment to responsible growth with robust unit economics,” founder and CEO Max Levchin said. For fiscal 2027, Affirm anticipates GMV of “more than $64 billion,” surpassing the Visible Alpha consensus of $63.8 billion. William Blair’s analysts indicated that guidance serves as “a conservative baseline.”