Affirm Holdings (AFRM) Debt to Equity (2020 - 2026)

Affirm Holdings (AFRM) recorded quarterly Debt to Equity of $0.64 in Q1 2026, down 25.61% quarter-over-quarter from $0.86 in Q4 2025, and down 3.75% on a YoY basis from $0.66 in Q1 2025.

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

Affirm Holdings' Debt to Equity history runs 7 years deep, the most recent figure standing at $0.64 for 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 was $0.64 for Q1 2026 at Affirm Holdings, down from $0.86 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.41 in Q3 2024 to a low of $0.26 in Q2 2022.
  • Historically, Debt to Equity has averaged $0.75 across 5 years, with a median of $0.7 in 2023.
  • The sharpest annual moves came in 2022 and 2025: Debt to Equity soared 186.58% in 2022, then plunged 61.66% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $0.75 in 2022, then soared by 38.68% to $1.04 in 2023, then dropped by 25.21% to $0.78 in 2024, then increased by 10.43% to $0.86 in 2025, then decreased by 25.61% to $0.64 in 2026.
  • The last three Debt to Equity figures came in at $0.64 (Q1 2026), $0.86 (Q4 2025), and $0.54 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Visa 534.76 Bn 522.36 Bn - 0.67
2 Mastercard 431.99 Bn 421.78 Bn - 2.82
3 American Express 214.01 Bn 159.96 Bn 17.43 Bn 0.05
4 Capital One Financial 112.27 Bn 35.78 Bn - 0.34
5 PayPal Holdings 37.67 Bn 28.32 Bn 7.84 Bn 0.47
6 Synchrony Financial 24.15 Bn 3.59 Bn - 0.46
7 Affirm Holdings 21.85 Bn 20.12 Bn 261.64 Mn 0.64
8 SoFi Technologies 21.08 Bn 17.68 Bn 929.25 Mn -
9 Ally Financial 13.14 Bn 12.70 Bn 1.98 Bn 0.26
10 Credit Acceptance 6.45 Bn 6.42 Bn 562.70 Mn 3.39

Historic Data

Download Data
DateValue
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