Affirm Holdings (AFRM) Debt Ratio (2020 - 2026)
Affirm Holdings' (AFRM) Debt Ratio was 0.21 for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 45.1% from 0.15 a year earlier and up 14.7% from the prior quarter.
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Analysis
Affirm Holdings (AFRM) Debt Ratio (2020 - 2026) Analysis & Trends
Dating back to fiscal Q4 2020, Affirm Holdings' Debt Ratio record includes 24 quarters.
- By fiscal year, Debt Ratio came in at 0.15 in FY2025 (-24.6%), 0.19 in FY2024 (-27.3%), 0.27 in FY2023 (+13.8%) and 0.23 in FY2022 (-3.5%).
- Five-year quarterly Debt Ratio spans a low of 0.15 in fiscal Q4 2025 and a high of 0.39 in fiscal Q1 2025.
- Year over year, Debt Ratio gained in four of the last eight quarters, with an average decline of 7.1%.
- The high point for year-over-year Debt Ratio in five years was fiscal Q3 2024 (growth of 47.8%); the low point was fiscal Q1 2026 (a decline of 60.6%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at 0.18 (Q3 2026), 0.24 (Q2 2026) and 0.15 (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 40.99 Bn | 9.71 Bn | 12.74 Bn | 0.35 |
| 2 | Rocket Companies | 35.89 Bn | 35.89 Bn | - | - |
| 3 | Royalty Pharma | 29.95 Bn | 26.91 Bn | - | 0.45 |
| 4 | Federal National Mortgage Association Fannie Mae | 26.64 Bn | 26.64 Bn | - | 0.97 |
| 5 | Affirm Holdings | 24.55 Bn | 18.24 Bn | - | 0.21 |
| 6 | Synchrony Financial | 24.01 Bn | -43.61 Bn | - | 0.07 |
| 7 | Royal Gold | 19.26 Bn | 18.43 Bn | 390.45 Mn | 0.04 |
| 8 | Annaly Capital Management | 13.94 Bn | 4.90 Bn | - | 0.26 |
| 9 | Ares Capital | 13.71 Bn | 11.46 Bn | - | 0.49 |
| 10 | Federal Home Loan Mortgage | 13.42 Bn | 13.42 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.21 |
| Mar 31, 2026 | 0.18 |
| Dec 31, 2025 | 0.24 |
| Sep 30, 2025 | 0.15 |
| Jun 30, 2025 | 0.15 |
| Mar 31, 2025 | 0.57 |
| Dec 31, 2024 | 0.59 |
| Sep 30, 2024 | 0.57 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.53 |
| Dec 31, 2023 | 0.51 |
| Sep 30, 2023 | 0.49 |
| Jun 30, 2023 | 0.48 |
| Mar 31, 2023 | 0.44 |
| Dec 31, 2022 | 0.41 |
| Sep 30, 2022 | 0.35 |
| Jun 30, 2022 | 0.33 |
| Mar 31, 2022 | 0.33 |
| Dec 31, 2021 | 0.32 |
| Sep 30, 2021 | 0.39 |
API Access
Affirm Holdings Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=AFRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "AFRM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=AFRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();