Below is a list of the most popular Buy Now Pay Later Stocks. The financial and tech sectors are beginning to join forces (fintech) to offer consumers more ways to purchase products. As a result, many Buy Now, Pay Later (BNPL) companies have emerged in the last couple of years.
They provide short-term financing that allows people to make purchases and pay for them in installments over time, usually without interest.
Consumers love this feature, but credit card companies don’t, as they don’t receive any transaction fees for the purchase.
BNPL companies offer numerous benefits, but this service can also have some disadvantages. Here is everything you need to know about BNPL companies and the ones trading on stock exchanges in the US.
Best Buy Now Pay Later Stocks 2026
| Symbol | Name |
|---|---|
| AFRM | Affirm Holdings |
| XYZ | Block Inc |
| PYPL | PayPal Holdings |
| SEZL | Sezzle Inc |
| SHOP | Shopify |
| ZIP | Zip Co Ltd |
| KLAR | Klarna Group |
What Are Buy Now Pay Later Stocks? (Introduction)
Buy Now, Pay Later (BNPL) is a type of short-term financing that allows people to make purchases and pay for them in installments in the future.
These services are structured like installment plans, where financiers pay merchants on behalf of consumers, who repay the amount over time in installments.
We have a Buy Now Pay Later stocks list for you.
Advantages
Consumers who can manage their finances use BNPL services to their advantage.
- Convenience: BNPL services are easily used and often available at online checkouts.
- Interest-free payments: Many BNPL services offer interest-free installments if paid on time.
- Flexible payment options: Payments can be linked to various payment methods.
- Increased business sales: BNPL can increase conversion rates and average order values. When Shopify introduced its BNPL platform, the average order increased by 50%, and abandoned carts decreased by 28%.
- Regulatory developments: In May 2024, the Consumer Financial Protection Bureau (CFPB) announced that BNPL lenders would be classified as credit card providers, allowing consumers to dispute charges and demand refunds
Disadvantages
On the other hand, this service can also hurt consumers.
- Financial risks: BNPL may encourage impulse purchases and overspending. On average, a BNPL user has around $2000 in their checking account. Other consumers have an average of $6500.
- Fees and penalties: Missed payments can result in late fees and interest charges.
- No rewards: Unlike credit cards, BNPL services typically don’t offer rewards programs such as cash back, travel rewards, or points.
BNPL Market
The fintech companies behind BNPL services have been around for over a decade, but have become much more popular since COVID and the rise of e-commerce.
The numbers regarding the global market size and the annual growth rate are very conflicting, but they are in the billions of dollars with double-digit growth YoY.
This growth is caused by increasing consumer adoption among younger demographics and the integration of BNPL services into e-commerce platforms.
BNPL services are a huge threat to traditional credit card companies. Due to a shift in consumer behavior, they risk losing some of their revenue. As the number of BNPL consumers increases yearly, this service also expands into new sectors like healthcare and travel.
North America dominates the market, accounting for about 30% of global sales. Asia Pacific is emerging as the fastest-growing market.
Traditional banks in the US, Canada, and Europe have offered similar BNPL services to compete with fintech companies and meet growing consumer demand for flexible payment options. Some platforms don’t charge interest if payments are made on time, but late fees and interest rates may apply.
Best Buy Now Pay Later Companies
Several Buy Now Pay Later stocks are available on US and Canadian exchanges. This sector is very competitive, as many new players are entering the game.
Nothing is stopping banks and other financial institutions from offering these services to their existing clients.
BNPL companies generate revenue by charging merchants a payment processing fee. Here are some BNPL stocks to consider.
Affirm Holdings (NASDAQ: AFRM)
First on our Buy Now Pay Later stocks list is Affirm, founded in 2012, which is becoming an innovator in payment solutions. The company’s BNPL service allows consumers to split their purchases into flexible payment plans ranging from 6 weeks to 36 months. These plans often have 0% APR options and no late or hidden fees.
As of September 30, 2024, Affirm reported serving over 19M active consumers. Its network has over 235,000 merchants, including partnerships with major retailers like Amazon and Walmart.
As of September 30, 2024, Affirm’s total funding capacity reached $16.8B, representing over 50% growth in two years. This allows the company to expand its network and reach new consumers.
Block Inc (NYSE: SQ)
Next on the Buy Now Pay Later stocks list is Block (formerly known as Square). This company has strong brand recognition and technological infrastructure to provide competitive financial solutions to its customer base. It has integrated BNPL services into its Cash App platform, with over 50 million monthly active users.
Thanks to its acquisition of Afterpay in 2022, Block increased its footprint globally, gaining access to the Asia-Pacific region and the UK. Compared to Affirm, Afterpay was roughly twice the size of Affirm in terms of gross merchandise volume and active customers.
Block is performing well overall. It recently reported revenue and profitability growth and strong overall financials.
PayPal Holdings (NASDAQ: PYPL)
PayPal is in the BNPL service thanks to its Pay Later feature, which was introduced in 2020. It allows customers to split their purchases into four equal, interest-free installments. Since 2020, they have issued more than 200 million loans and expanded into eight international markets.
That’s not all. Venmo, owned by PayPal and with over 90 million users in the US, also offers BNPL features. As a result, PayPal is currently the BNPL leader in the US.
PayPal also offers 3, 6, 12, or 24 monthly BNPL payments for purchases up to $10,000. Users benefit from included purchase protection, but APR fees are between 9.99% and 35.99%.
Those are hefty interest rates, but PayPal has diversified its revenue streams this way and is slowly able to remain a relevant fintech company. So keep this on your Buy Now Pay Later stocks list.
Shopify (NYSE: SHOP & TSE: SHOP)
You might be wondering how Shopify ended up on this list. Shopify is an e-commerce leader that provides a platform for online merchants and offers innovative financial solutions like BNPL services under the name Shop Pay. The service was launched in 2021 in partnership with Affirm and has over 100M users.
Customers can choose between 4 interest-free, biweekly payments or monthly payments for up to 12 months for orders between $50 and $17,500. Merchants receive full payment upfront, eliminating the risk of non-payment.
As a result, Shopify merchants have seen up to a 50% increase in order value and up to 28% fewer abandoned carts.
In 2022, around 360M shoppers used BNPL services. This number is expected to grow to over 900M by 2027 as the service is now available in new international markets.
Sezzle Inc (NASDAQ: SEZL)
We conclude this list with Sezzle, founded in 2016 and operating in the US and Canada. Like the competition, Sezzle customers can split their purchases into four equal, interest-free installments over six weeks.
The company partners with online retailers and assumes all repayment risks, including fraud and chargebacks.
Sezzle approves customers using a proprietary underwriting system, including those that other credit providers may not approve.
FINX ETF Performance (2026 YTD)
| Year | Performance | 2026 (YTD) | +6.2% |
|---|---|
| 2025 | +27.8% |
| 2024 | +18.9% |
| 2023 | +34.5% |
| 2022 | -44.6% |
Final Thoughts on Buy Now Pay Later Stocks
To conclude, BNPL features allow consumers to separate their purchases into four or more payments over a specific period.
In most cases, it is interest-free and without fees. Many BNPL platforms have surfaced in recent years. Some are leveraging their existing customer base (Cash App and PayPal), while others are growing thanks to partnerships with merchants.
This is quickly becoming crowded, similar to banks and financial institutions. Which ones will appeal most to shareholders and survive on the stock market? Please do not trade any of the securities on this buy now, pay later stocks list unless you know how to trade.
