Affirm Holdings annual debt-to-equity ratio
2021
2022
2023
2024
2025
2026
Affirm Holdings Debt-to-Equity Ratio Growth & History (AFRM)
Affirm Holdings's debt-to-equity ratio was 1.79 for fiscal 2026.
View full Affirm Holdings company overviewAffirm Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-06-30 | 1.79 | −0.70 | −28.06% |
| 2025 | 2025-06-30 | 2.49 | 1.80 | +262.53% |
| 2024 | 2024-06-30 | 0.69 | 0.67 | +3211.73% |
| 2023 | 2023-06-30 | 0.02 | −0.00 | −17.37% |
| 2022 | 2022-06-30 | 0.03 | −0.00 | −13.76% |
| 2021 | 2021-06-30 | 0.03 | — | — |
Affirm Holdings quarterly debt-to-equity ratio
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-06-30 | 1.79 | −0.70 | −28.06% |
| Q3 2026 | 2026-03-31 | 2.36 | −0.14 | −5.69% |
| Q2 2026 | 2025-12-31 | 2.55 | −0.08 | −3.14% |
| Q1 2026 | 2025-09-30 | 2.35 | 2.34 | +18526.89% |
| Q4 2025 | 2025-06-30 | 2.49 | 1.80 | +262.53% |
| Q3 2025 | 2025-03-31 | 2.50 | 2.48 | +15114.46% |
| Q2 2025 | 2024-12-31 | 2.63 | 2.62 | +15148.45% |
| Q1 2025 | 2024-09-30 | 0.01 | −0.01 | −33.90% |
| Q4 2024 | 2024-06-30 | 0.69 | 0.67 | +3211.73% |
| Q3 2024 | 2024-03-31 | 0.02 | −0.01 | −26.35% |
| Q2 2024 | 2023-12-31 | 0.02 | −0.01 | −24.56% |
| Q1 2024 | 2023-09-30 | 0.02 | −0.01 | −21.29% |
| Q4 2023 | 2023-06-30 | 0.02 | −0.00 | −17.37% |
| Q3 2023 | 2023-03-31 | 0.02 | −0.00 | −15.43% |
| Q2 2023 | 2022-12-31 | 0.02 | −0.01 | −21.00% |
| Q1 2023 | 2022-09-30 | 0.02 | −0.01 | −22.35% |
| Q4 2022 | 2022-06-30 | 0.03 | −0.00 | −13.76% |
| Q3 2022 | 2022-03-31 | 0.03 | −0.01 | −16.79% |
| Q2 2022 | 2021-12-31 | 0.03 | — | — |
| Q1 2022 | 2021-09-30 | 0.03 | — | — |
| Q4 2021 | 2021-06-30 | 0.03 | — | — |
| Q3 2021 | 2021-03-31 | 0.03 | — | — |
Affirm Holdings debt-to-equity ratio trends
Over the last five fiscal years, Affirm Holdings's debt-to-equity ratio increased from 0.03 to 1.79, a change of 1.76. The latest reported quarter, Q4 2026, shows 1.79.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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