Shares of Affirm Holdings, a buy now, pay later loan provider, jumped over 10% in after-hours trading after it reported its fiscal second quarter earnings results on Thursday. The company’s gross merchandise volume—a metric that measures the total value of transactions made on the platform— also topped $10 billion for the first time.

Affirm stock is sizzling Friday after the BNPL firm handily beat earnings and revenue estimates in its most recent quarter. Here's what you need to know.

Affirm's shares jumped 19.5% on Friday, as a strong holiday shopping season helped the buy now, pay later lender post a surprise quarterly profit and forecast upbeat annual revenue. More consumers use

Key Takeaways Affirm Holdings posted an unexpected quarterly profit as the provider of buy now, pay later loans saw a jump in its customer base.Revenue, active customer base, and gross merchandise volume all came in higher than forecasts.