How has the Afterpay (ASX:APT) share price performed since reporting results?

The buy now, pay later giant released its FY21 results last month…

Young boy with glasses in a suit sits at a chair and reads a newspaper.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Afterpay Ltd (ASX: APT) share price is charging higher in early trade today, up 2.69% to $126.86.

The S&P/ASX 200 Index (ASX: XJO) is headed the other way, down 0.96%.

A bit over 3 weeks have now passed since the ASX buy now, pay later (BNPL) giant reported its full-year results for the 2021 financial year (FY21). So, it's time to see how the Afterpay share price has been performing since then.

We take a look at that, and a brief review of those FY21 results, below.

What results did the ASX 200 BNPL company report for FY21?

The Afterpay share price was on watch on 25 August, the day the company released its FY21 results.

Some core metrics included a 90% increase in underlying sales to $21.1 billion. Total income also leapt 78%, reaching $924.7 million for the year ending 30 June.

Afterpay also grew its customer numbers to 16.2 million, up 63% year-on-year. That was helped by a 77% boost in its active merchant numbers, which hit 98,200 by the end of FY21.

Despite that strong growth, earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $38.7 million were down 13% from FY20. The company's net transaction loss also increased 210% year-on-year to $132.6 million.

Commenting on the growth outlook for the BNPL sector, Afterpay's chair Elana Rubin said:

Global research continues to indicate that credit cards and credit-based products are in decline, while BNPL continues to expand as a preferred way to pay. Millennials and Gen Z are less likely than their parents to use a credit card, and more likely to engage with organisations and brands that they trust.

This looks likely to be the last full-year financial results we'll get to analyse Afterpay's share price.

The company also announced its $39 billion acquisition by Square Inc (NYSE: SQ) is on track for completion in the first quarter of 2022.

How has the Afterpay share price moved since reporting results?

The Afterpay share price fell 1.2% on the day it reported results.

While gaining in intraday trade today, Afterpay shares are down 6% since market close on 24 August.

By comparison, the ASX 200 is down 1.5% over that same period.

Should you invest $1,000 in Block right now?

Before you buy Block shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Block wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Square. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on BNPL shares

A young woman smiles as she rides a zip line high above the trees.
BNPL shares

How Zip shares rebounded 45% from their 7 April lows to beat the ASX 200

Did you catch what happened with Zip shares in April?

Read more »

A young woman in a shop hands her credit card to the cashier.
BNPL shares

Up 41% in 3 weeks, should I buy Zip shares today?

Zip shares have been on a tear in April. Now what?

Read more »

A young woman smiles as she rides a zip line high above the trees.
BNPL shares

Zip share price rockets 15% on record cash earnings!

It’s a great day to own Zip shares today. Here’s why.

Read more »

A young woman in a shop hands her credit card to the cashier.
Share Gainers

Zip share price rockets 20% on $50 million buyback news

Zip shares are surging ahead of the company’s planned $50 million buyback.

Read more »

BNPL written on a smartphone.
BNPL shares

Down almost 40% this year, can Zip shares turn around?

Is it time to buy now or wait until later?

Read more »

A man looking at his laptop and thinking.
BNPL shares

Buy, hold, or sell: What's the verdict on Zip shares?

Time to buy the dip on Zip, or time to close the case for good?

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Earnings Results

Zip share price jumps 11% on record half year result

This buy now pay later provider has delivered another impressive result.

Read more »

A young woman in a shop hands her credit card to the cashier.
BNPL shares

Own Zip shares? Here's what to watch when the company reports next week

After big returns in 2024, here’s what to expect from the buy now, pay later company in next week’s report. 

Read more »