Affirm Holdings (AFRM) Debt Ratio (2020 - 2026)

Affirm Holdings (AFRM) posted quarterly Debt Ratio of 0.18 for Q1 2026, up 0.59% year-over-year from 0.18 in Q1 2025, and down 21.76% on a QoQ basis from 0.24 in Q4 2025.

Affirm Holdings (AFRM) Debt Ratio (2020 - 2026) Analysis & Trends

Affirm Holdings (AFRM) has reported Debt Ratio for 7 consecutive years, with 0.18 the latest figure, recorded in Q1 2026.

  • In Q1 2026, Debt Ratio rose 0.59% year-over-year to 0.18; the TTM figure through Mar 2026 stood at 0.18 (up 0.59% YoY), while the FY2025 annual figure was 0.15, down 24.61% from the prior year.
  • Debt Ratio came in at 0.18 for Q1 2026 at Affirm Holdings, down from 0.24 in the prior quarter.
  • The five-year high for Debt Ratio was 0.39 in Q3 2024, with the low at 0.1 in Q2 2022.
  • Average Debt Ratio over 5 years is 0.22, with a median of 0.22 recorded in 2023.
  • Across the five-year window, Debt Ratio jumped 159.61% in 2022 and sank 60.6% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.24 in 2022, then gained by 25.33% to 0.3 in 2023, then plunged by 31.62% to 0.21 in 2024, then advanced by 13.75% to 0.24 in 2025, then dropped by 21.76% to 0.18 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.18, 0.24, and 0.15 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 0.25
2 Mastercard 465.55 Bn 455.34 Bn - 0.36
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 0.01
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 0.12
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 0.18
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn -
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 0.02
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 0.60
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn 3.53
10 Sezzle 5.91 Bn 5.79 Bn - 0.32

Historic Data

Download Data
DateValue
Mar 31, 2026 0.18
Dec 31, 2025 0.24
Sep 30, 2025 0.15
Jun 30, 2025 0.15
Mar 31, 2025 0.18
Dec 31, 2024 0.21
Sep 30, 2024 0.39
Jun 30, 2024 0.19
Mar 31, 2024 0.35
Dec 31, 2023 0.30
Sep 30, 2023 0.29
Jun 30, 2023 0.22
Mar 31, 2023 0.24
Dec 31, 2022 0.24
Sep 30, 2022 0.24
Jun 30, 2022 0.10
Mar 31, 2022 0.13
Dec 31, 2021 0.09
Sep 30, 2021 0.30
Jun 30, 2021 0.14