Affirm Holdings (AFRM) EBITDA Margin (2019 - 2026)
Affirm Holdings (AFRM) recorded quarterly EBITDA Margin of 28.77% in Q1 2026, up 135.8% quarter-over-quarter from 12.2% in Q4 2025, and up 2663.0% on a YoY basis from 1.04% in Q1 2025.
Affirm Holdings (AFRM) EBITDA Margin (2019 - 2026) Analysis & Trends
Affirm Holdings' EBITDA Margin history runs 8 years deep, the most recent figure standing at 28.77% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 2663.0% year-over-year to 28.77%; the TTM figure through Mar 2026 stood at 19.35% (down 27467.0% YoY), while the FY2025 annual figure was 5.27%, up 6869.0% from the prior year.
- EBITDA Margin was 28.77% for Q1 2026 at Affirm Holdings, up from 12.2% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 32.19% in Q2 2025 to a low of 101.19% in Q3 2023.
- Historically, EBITDA Margin has averaged 19.64% across 5 years, with a median of 17.51% in 2023.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin soared 20133 bps in 2022, then plunged 3838 bps in 2023.
- A 5-year view of EBITDA Margin shows it stood at 78.8% in 2022, then surged by 68 bps to 25.18% in 2023, then surged by 155 bps to 13.84% in 2024, then dropped by 12 bps to 12.2% in 2025, then soared by 136 bps to 28.77% in 2026.
- The last three EBITDA Margin figures came in at 28.77% (Q1 2026), 12.2% (Q4 2025), and 22.27% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 543.83 Bn | 531.43 Bn | - | 64.42% |
| 2 | Mastercard | 439.96 Bn | 429.75 Bn | - | 58.43% |
| 3 | American Express | 218.41 Bn | 164.37 Bn | 17.43 Bn | 18.77% |
| 4 | Capital One Financial | 113.95 Bn | 37.46 Bn | - | 44.55% |
| 5 | PayPal Holdings | 37.65 Bn | 28.31 Bn | 7.84 Bn | 17.81% |
| 6 | Synchrony Financial | 24.77 Bn | 4.21 Bn | - | 42.26% |
| 7 | Affirm Holdings | 21.75 Bn | 20.03 Bn | 261.64 Mn | 28.77% |
| 8 | SoFi Technologies | 21.04 Bn | 17.64 Bn | 929.25 Mn | 13.91% |
| 9 | Ally Financial | 13.49 Bn | 13.04 Bn | 1.98 Bn | 15.79% |
| 10 | Eason Technology | 6.63 Bn | 6.62 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.77% |
| Dec 31, 2025 | 12.20% |
| Sep 30, 2025 | 22.27% |
| Jun 30, 2025 | 32.19% |
| Mar 31, 2025 | 2.15% |
| Dec 31, 2024 | 13.84% |
| Sep 30, 2024 | -37.87% |
| Jun 30, 2024 | 5.90% |
| Mar 31, 2024 | -25.01% |
| Dec 31, 2023 | -25.18% |
| Sep 30, 2023 | -101.19% |
| Jun 30, 2023 | -17.51% |
| Mar 31, 2023 | -52.86% |
| Dec 31, 2022 | -78.80% |
| Sep 30, 2022 | -76.97% |
| Jun 30, 2022 | -21.41% |
| Mar 31, 2022 | -14.48% |
| Dec 31, 2021 | -43.78% |
| Sep 30, 2021 | -278.30% |
| Jun 30, 2021 | -22.11% |