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 | 543.83 Bn | 531.43 Bn | - | 0.67 |
| 2 | Mastercard | 439.96 Bn | 429.75 Bn | - | 2.82 |
| 3 | American Express | 218.41 Bn | 164.37 Bn | 17.43 Bn | 0.05 |
| 4 | Capital One Financial | 113.95 Bn | 37.46 Bn | - | 0.34 |
| 5 | PayPal Holdings | 37.65 Bn | 28.31 Bn | 7.84 Bn | 0.47 |
| 6 | Synchrony Financial | 24.77 Bn | 4.21 Bn | - | 0.46 |
| 7 | Affirm Holdings | 21.75 Bn | 20.03 Bn | 261.64 Mn | 0.64 |
| 8 | SoFi Technologies | 21.04 Bn | 17.64 Bn | 929.25 Mn | - |
| 9 | Ally Financial | 13.49 Bn | 13.04 Bn | 1.98 Bn | 0.26 |
| 10 | Eason Technology | 6.63 Bn | 6.62 Bn | - | - |
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 |