Affirm Holdings (AFRM) Invested Capital (2020 - 2026)
Affirm Holdings (AFRM) reported Invested Capital of $8.82 billion for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 87.9% from $4.69 billion a year earlier and up 42.2% from the prior quarter.
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Analysis
Affirm Holdings (AFRM) Invested Capital (2020 - 2026) Analysis & Trends
Dating back to fiscal Q4 2020, Affirm Holdings' Invested Capital record includes 24 quarters.
- Invested Capital has a five-year compound annual growth rate of 18.6% (FY2021 to FY2026).
- By fiscal year, Invested Capital came in at $4.69 billion in FY2025 (+2.7%), $4.57 billion in FY2024 (-2.8%), $4.7 billion in FY2023 (+10.7%) and $4.25 billion in FY2022 (+13.2%).
- The fiscal Q4 2026 figure ranks as the highest quarterly Invested Capital in data going back to fiscal Q4 2020.
- Year over year, Invested Capital gained in five of the last eight quarters, with growth averaging 16.7%.
- The high point for year-over-year Invested Capital in five years was fiscal Q2 2022 (growth of 751.5%); the low point was fiscal Q1 2026 (a decline of 25.6%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $6.2 billion (Q3 2026), $6.59 billion (Q2 2026) and $5.08 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.07 Bn | 28.75 Bn | - | 40.19 Bn |
| 2 | Orix | 41.51 Bn | 42.01 Bn | 4.68 Bn | 69.63 Bn |
| 3 | Royalty Pharma | 32.73 Bn | 32.65 Bn | - | 18.75 Bn |
| 4 | Affirm Holdings | 27.21 Bn | 20.90 Bn | - | 8.82 Bn |
| 5 | Synchrony Financial | 23.66 Bn | -44.31 Bn | - | 24.41 Bn |
| 6 | Federal National Mortgage Association Fannie Mae | 23.53 Bn | 23.53 Bn | - | - |
| 7 | Royal Gold | 20.00 Bn | 19.23 Bn | 390.45 Mn | 8.03 Bn |
| 8 | Annaly Capital Management | 13.74 Bn | 4.84 Bn | - | 51.34 Bn |
| 9 | Ares Capital | 13.33 Bn | 10.76 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 11.90 Bn | -6.84 Bn | - | 95.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.82 Bn |
| Mar 31, 2026 | 6.20 Bn |
| Dec 31, 2025 | 6.59 Bn |
| Sep 30, 2025 | 5.08 Bn |
| Jun 30, 2025 | 4.69 Bn |
| Mar 31, 2025 | 6.96 Bn |
| Dec 31, 2024 | 6.77 Bn |
| Sep 30, 2024 | 6.82 Bn |
| Jun 30, 2024 | 4.57 Bn |
| Mar 31, 2024 | 5.86 Bn |
| Dec 31, 2023 | 5.38 Bn |
| Sep 30, 2023 | 4.97 Bn |
| Jun 30, 2023 | 4.70 Bn |
| Mar 31, 2023 | 4.30 Bn |
| Dec 31, 2022 | 4.39 Bn |
| Sep 30, 2022 | 4.28 Bn |
| Jun 30, 2022 | 4.25 Bn |
| Mar 31, 2022 | 4.02 Bn |
| Dec 31, 2021 | 4.05 Bn |
| Sep 30, 2021 | 4.00 Bn |
API Access
Affirm Holdings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=AFRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AFRM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=AFRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();