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Affirm Holdings, Inc. AFRM Net debt / EBITDA

Net debt / EBITDA at other companies

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JPMorgan ChaseJPM
1.2×+0.9×
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BlockXYZ
-4.7×-0.7×
Synchrony Financial logo
Synchrony FinancialSYF
-0.4×-0.1×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
-1.8×-2.6×
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
-0.9×-1.2×
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
5.2×+2.6×

Other financials

Income statement

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Revenue$1.0B+32.6%
Operating income$88.4M+1,154%
Net income$102.9M+3,570%
EPS (diluted)$0.30+2,900%

Balance sheet

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Cash & equivalents$2.5B+42.5%
Total debt$9.3B+18.8%
Total equity$3.8B+31.6%
Total assets$13.1B+25.9%

Cash flow

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Operating cash flow$386.5M+83.7%
CapEx$61.4M+15.8%
Free cash flow$325.1M+107%

Valuation

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Market cap$23.69B+5.5%
Enterprise value$30.55B+7.5%
P/E61.9×
P/S-1.5×

Profitability

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Operating margin-7.3%-3.2pp
Net margin9.6%+8.2pp

Returns & leverage

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Return on equity11.5%+9.9pp
Debt / equity2.5×-0.3×

Where this comes from

Calculated from Affirm Holdings, Inc.’s reported figures.

Based on the most recent quarter.

The official record: Affirm Holdings, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Affirm Holdings, Inc.'s net debt / EBITDA?
Affirm Holdings, Inc. (AFRM) reported net debt / EBITDA of 9.4× in Q1 2026.
How has Affirm Holdings, Inc.'s net debt / EBITDA changed year-over-year?
Affirm Holdings, Inc.'s net debt / EBITDA decreased by 98.8% year-over-year, from 797.7× to 9.4×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.