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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Affirm Holdings (AFRM) Debt to Equity (2020 - 2025)

Affirm Holdings has reported Debt to Equity over the past 6 years, most recently at $0.86 for Q4 2025.

  • Quarterly results put Debt to Equity at $0.86 for Q4 2025, up 10.43% from a year ago — trailing twelve months through Dec 2025 was $0.86 (up 10.43% YoY), and the annual figure for FY2025 was $0.53, down 21.36%.
  • Debt to Equity for Q4 2025 was $0.86 at Affirm Holdings, up from $0.54 in the prior quarter.
  • Over the last five years, Debt to Equity for AFRM hit a ceiling of $1.04 in Q4 2023 and a floor of $0.2 in Q3 2021.
  • Median Debt to Equity over the past 5 years was $0.62 (2024), compared with a mean of $0.61.
  • Biggest five-year swings in Debt to Equity: skyrocketed 126.8% in 2021 and later plummeted 32.19% in 2022.
  • Affirm Holdings' Debt to Equity stood at $0.64 in 2021, then decreased by 18.07% to $0.52 in 2022, then skyrocketed by 98.67% to $1.04 in 2023, then decreased by 25.21% to $0.78 in 2024, then rose by 10.43% to $0.86 in 2025.
  • The last three reported values for Debt to Equity were $0.86 (Q4 2025), $0.54 (Q3 2025), and $0.53 (Q2 2025) per Business Quant data.