Affirm Holdings (AFRM) Return on Invested Capital [ROIC] (2021 - 2026)
Affirm Holdings (AFRM) reported Return on Invested Capital [ROIC] of 5.55% for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 6.82 percentage points from -1.27% a year earlier and up 0.60 percentage points from the prior quarter.
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Analysis
Affirm Holdings (AFRM) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Affirm Holdings posted Return on Invested Capital [ROIC] of 6.17%, up 7.77 percentage points from FY2025.
- Return on Invested Capital [ROIC] has increased for three consecutive fiscal years, with a five-year change of +24.33 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Invested Capital [ROIC] came in at -1.60% in FY2025 (+11.69 pp), -13.29% in FY2024 (+13.45 pp), -26.74% in FY2023 (-5.61 pp) and -21.14% in FY2022 (-2.98 pp).
- The fiscal Q4 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q3 2021.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last 11 quarters, with an average year-over-year change of +10.43 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was fiscal Q4 2024 (a gain of 14.77 percentage points); the low point was fiscal Q3 2023 (a drop of 10.42 percentage points).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at 4.96% (Q3 2026), 3.81% (Q2 2026) and 2.14% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.82 Bn | 31.64 Bn | - | 4.45% |
| 2 | Orix | 38.85 Bn | 7.58 Bn | 12.74 Bn | 2.96% |
| 3 | Royalty Pharma | 30.02 Bn | 27.40 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.05 Bn | 26.05 Bn | - | 2.85% |
| 5 | Synchrony Financial | 23.55 Bn | -44.08 Bn | - | 25.70% |
| 6 | Affirm Holdings | 23.27 Bn | 16.32 Bn | - | 6.19% |
| 7 | Royal Gold | 22.53 Bn | 21.71 Bn | 390.45 Mn | 9.67% |
| 8 | Annaly Capital Management | 14.32 Bn | 5.27 Bn | - | 12.15% |
| 9 | Ares Capital | 13.77 Bn | 11.52 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.90 Bn | -5.77 Bn | - | 41.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.19% |
| Jun 30, 2026 | 5.55% |
| Mar 31, 2026 | 4.96% |
| Dec 31, 2025 | 3.81% |
| Sep 30, 2025 | 2.14% |
| Jun 30, 2025 | -1.09% |
| Mar 31, 2025 | -2.46% |
| Dec 31, 2024 | -4.24% |
| Sep 30, 2024 | -8.21% |
| Jun 30, 2024 | -10.22% |
| Mar 31, 2024 | -10.65% |
| Dec 31, 2023 | -13.37% |
| Sep 30, 2023 | -17.04% |
| Jun 30, 2023 | -19.48% |
| Mar 31, 2023 | -20.98% |
| Dec 31, 2022 | -20.84% |
| Sep 30, 2022 | -19.24% |
| Jun 30, 2022 | -17.18% |
| Mar 31, 2022 | -14.59% |
| Dec 31, 2021 | -14.92% |
API Access
Affirm Holdings Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=AFRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=AFRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();