Stonex vs Affirm: why the prices moved differently

• ▲

  Record Q2 earnings and revenue surge StoneX reported a 64% jump in operating revenues to $1.57 billion and net income up 143% to $174.3 million, beating estimates. This shows the company is growing fast and making more money, which pushes the stock price up.

  This is a major new earnings report that directly shows strong financial performance, a key driver of stock price.

• ▲

  Shinhan Bank partnership expands payments Shinhan Bank chose StoneX Payments as its cross-border payments partner, giving access to over 385 correspondent banks and 140 currencies. This adds a large new client and expands StoneX's reach in Asia, boosting future revenue and the stock price.

  This is a new strategic partnership that expands StoneX's customer base and global footprint, a positive growth signal.

• ▲

  Q3 earnings beat and RJO synergies on track StoneX beat Q3 earnings and revenue estimates, with net income up 102% year-over-year. The R.J. O'Brien acquisition is delivering cost savings, targeting $50 million in synergies by early 2027. This confirms strong growth and efficient integration, supporting a higher stock price.

  This is the latest earnings report and an update on cost synergies, both key to the company's profitability and stock valuation.

• ◆

  Valuation concerns after big rally Despite strong results, StoneX stock has rallied 110% in six months and now trades at 21 times forward earnings, well above peers. This high valuation means the stock could fall if future results disappoint, acting as a counterweight to the positive news.

  This provides a balanced view, highlighting a risk that could limit upside or cause a pullback, important for investors to know.

Based on 6 stories →

• ▲

  Record Q4 earnings beat and strong guidance Affirm reported its most profitable quarter ever, with revenue up 33% to $1.17 billion and GMV up 36% to $14.1 billion, both beating estimates. Management guided fiscal 2027 GMV above $64 billion and adjusted operating margin above 30.5%, signaling durable growth and profitability. The stock jumped 7-13% on the news.

  This is the core new event that directly drove the stock higher and answers why AFRM is moving.

• ▲

  Shopify partnership expands to Australia Affirm launched Shop Pay Installments in Australia exclusively through its platform, deepening its partnership with Shopify. This expands Affirm's reach into new markets and increases payment volume, supporting future growth. The deal was announced alongside earnings and adds a new distribution channel.

  This is a new concrete expansion that supports the bullish case and was not previously reported.

• ▲

  Affirm Card growth and new leadership The Affirm Card continued its rapid adoption, with active cardholders up 125% to 5.2 million and card volume surging. The company also promoted Michael Linford to president, signaling management strength. These developments show Affirm is successfully expanding beyond traditional BNPL into everyday spending.

  Card growth and leadership changes are new details that reinforce the growth story and were not in earlier reports.

• ▼

  Interest rate risk remains a threat Affirm faces bigger risk from potential rate hikes than reward from cuts, as higher rates would raise funding costs and crimp consumer demand. Fed Chair Kevin Warsh's recent comments suggest hikes are more likely, which could pressure Affirm's margins and loan demand. This is a real counterweight to the bullish earnings news.

  This is a key risk factor that could reverse the stock's momentum and was highlighted in the period.

Based on 12 stories →