In today's video I look at fundamentals, financial metrics, and recent news for Affirm (NASDAQ:AFRM). On July 13, Affirm's stock price dropped after reports that Apple (NASDAQ:AAPL) is working with Goldman Sachs (NYSE:GS) to create a buy now, pay later service that rivals Affirm. Below I share a few highlights from the video. 

  1. On June 10, Affirm services became available to all Shopify (NYSE:SHOP) merchants in the U.S. Affirm exclusively powers Shopify Pay installments. 
  2. During the earnings call on May 10, Affirm reported a solid third quarter and raised its outlook for its fiscal year 2021 due to a substantial year-over-year gross merchandise volume growth of 83%. 
  3. On May 3, Affirm completed the acquisition of Returnly, a leader in online return experiences and post-purchase payments. It seems Affirm's leadership is trying to broaden its market from just a buy now, pay later service to have more solutions for the e-commerce market. 

*Stock prices used were the closing prices of July 13, 2021. The video was published on July 13, 2021.



This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.