Affirm: Buy Now, Rally Later - Long Game Still Promising

Affirm executes a highly successful growth flywheel across user acquisition, merchant adoption, and cross-selling trends, despite the uncertain macroeconomic/geopolitical environment. Thanks to the growing demand for 0% APR offerings and the Affirm Card, the fintech already reports an expanding customer base and higher engagement trends. These translate to AFRM's outsized FQ3'26 performance and the thrice-raised FY2026 guidance, aided by the richer margins and the resilient credit metrics.