Klarna Stock Climbs as Affirm's Q4 Beat Lifts Buy-Now-Pay-Later Peers

Klarna Group plc (NYSE: KLAR) shares are trading higher in sympathy with Affirm Holdings Inc. (NASDAQ: AFRM) after the buy-now-pay-later peer reported fourth-quarter results Thursday after the market closed.

Affirm reported quarterly earnings of $4.62 per share, with revenue of $1.17 billion, beating the analyst consensus estimate of $1.11 billion and up from $876.42 million in the same period last year. Gross merchandise volume came in at $11.6 billion, up 35% year-over-year, while total transactions grew 45% to 45 million, outpacing overall GMV growth. Affirm reported earnings per share of $4.62. "We delivered another outstanding set of results this quarter, especially in the broader context of global economic uncertainty," said Max Levchin, CEO of Affir.