Affirm Holdings (AFRM) Debt to Equity (2020 - 2026)
Affirm Holdings (AFRM) posted quarterly Debt to Equity of $0.64 for Q1 2026, down 3.75% year-over-year from $0.66 in Q1 2025, and down 25.61% on a QoQ basis from $0.86 in Q4 2025.
Affirm Holdings (AFRM) Debt to Equity (2020 - 2026) Analysis & Trends
Affirm Holdings (AFRM) has reported Debt to Equity for 7 consecutive years, with $0.64 the latest figure, recorded in Q1 2026.
- In Q1 2026, Debt to Equity fell 3.75% year-over-year to $0.64; the TTM figure through Mar 2026 stood at $0.64 (down 3.75% YoY), while the FY2025 annual figure was $0.53, down 21.36% from the prior year.
- Debt to Equity came in at $0.64 for Q1 2026 at Affirm Holdings, down from $0.86 in the prior quarter.
- The five-year high for Debt to Equity was $1.41 in Q3 2024, with the low at $0.26 in Q2 2022.
- Average Debt to Equity over 5 years is $0.75, with a median of $0.7 recorded in 2023.
- Across the five-year window, Debt to Equity soared 186.58% in 2022 and sank 61.66% in 2025, its largest moves.
- Year by year, Debt to Equity stood at $0.75 in 2022, then soared by 38.68% to $1.04 in 2023, then retreated by 25.21% to $0.78 in 2024, then advanced by 10.43% to $0.86 in 2025, then declined by 25.61% to $0.64 in 2026.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.64, $0.86, and $0.54 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 0.67 |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 2.82 |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 0.05 |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 0.47 |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 0.64 |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | - |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 0.26 |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 3.39 |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 5.33 |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 0.73 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.64 |
| Dec 31, 2025 | 0.86 |
| Sep 30, 2025 | 0.54 |
| Jun 30, 2025 | 0.53 |
| Mar 31, 2025 | 0.66 |
| Dec 31, 2024 | 0.78 |
| Sep 30, 2024 | 1.41 |
| Jun 30, 2024 | 0.67 |
| Mar 31, 2024 | 1.24 |
| Dec 31, 2023 | 1.04 |
| Sep 30, 2023 | 0.93 |
| Jun 30, 2023 | 0.70 |
| Mar 31, 2023 | 0.71 |
| Dec 31, 2022 | 0.75 |
| Sep 30, 2022 | 0.67 |
| Jun 30, 2022 | 0.26 |
| Mar 31, 2022 | 0.35 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.68 |
| Jun 30, 2021 | 0.26 |