Afterpay Share Price up on Quarterly Results (ASX:APT)

By ,

It’s been the year of the ‘buy now, pay later’ (BNPL) sector with Afterpay Ltd [ASX:APT] leading the way.

Trading at $101.82 at the time of writing, the Afterpay share price jumped up more than 5% on the announcement of Q1 FY21 results.

ASX APT Share Price Chart

Source: Optuma

What’s happening at Afterpay?

The company’s growth throughout the year is well documented.

This growth is highlighted again in a recent announcement outlining the company’s Q1 FY21 results:

  • Strong performance in Q1 FY21 across all regions led to underlying sales increasing 115% to $4.1b, up from $1.9b Q1 FY20. This was 9% higher than the record underlying sales achieved in Q4 FY20.
  • Momentum towards the end of FY20 continued into Q1 FY21 with the run rate for Q1 FY21 now at $16.4b, up from $15.0b in Q4 FY20.
  • Merchant revenue margins (unaudited) remained firm in Q1 FY21 and continued to perform in line with what was achieved in FY20.
  • Active customers globally increased 98% to 11.2m (up from 5.7m in Q1 FY20), with the US reaching over 6.5m.

Where to from here for the Afterpay share price?

You can see APT remains the most popular of the BNPL providers by some margin.

Biggest ASX BNPL stocks


As the nation opens back up after the lockdown, and people can go back to brick-and-mortar shops, will the growth continue?
ASX Afterpay Share Price Chart

Source: Optuma

The APT share price formed a small sideways move recently. From where the price sits at the time of writing, it would need to move up above the all-time high level of $105.80 for the chart to still be considered bullish.

On the downside, should the Afterpay share price start to fall back, then the levels of $96.21 and $82.14 may be enough to halt a further fall.

Looking for more fintechs?

Discover three innovative Aussie fintech stocks with exciting growth potential. Download your free report now.


Carl Wittkopp,
For Money Morning

About Carl Wittkopp

Carl Wittkopp writes for Money Morning and has a diploma in Financial Planning. He specialises in technical analysis.

Humm Share Price Soar on Takeover Proposals amid BNPL Rout (ASX:HUM)

Humm Group [ASX:HUM] share price is up over 20% as the buy now, pay later (BNPL) stock flags potential takeover bids.

Zip Shares Rise as Total Transaction Volume Hits $906 Million in November (ASX:Z1P)

Jittery markets sent ASX buy now, pay later (BNPL) and lithium stocks tumbling on Monday. Zip was one of the hardest hit, with share price closing 10% down.

ASX Lithium and BNPL Stocks Crater on Omicron and Interest Rate Fears

From Afterpay [ASX:APT] to Vulcan Energy Resources [ASX:VUL], BNPL and lithium stocks are under heavy selling pressure today as markets worry about Omicron and inflation.

Zip Share Price Up — Twisto Acquisition Complete (ASX:Z1P)

Zip says acquiring Twisto is an entry point to one of the world’s largest eCommerce markets, with access to all 27 member states of the European Union (EU). Zip Co [ASX:Z1P] share price is currently up 4%:

CBA Shares: First Bank to Offer BTC and Crypto in Australia (ASX:CBA)

The Commonwealth Bank of Australia (ASX:CBA) will become Australia’s first bank to offer its 6.5 million users the ability to buy, sell, and hold crypto assets via the CommBank app.

Redbubble Shares Sink on Q1 FY22 Update (ASX:RBL)

Redbubble [ASX:RBL] share price slumped after registering a 21% decline in gross transaction volume in Q1 FY22. While Redbubble said the results were in line with expectations, investors were disappointed, sending RBL shares lower.