Where do Affirm Holdings, Inc.'s ratios come from?

Every ratio is computed from Affirm Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25
Profitability
Net margin	25.6%+11.7pp	13.9%+14.7pp	-0.8%+24.4pp	-25.2%+23.9pp	-49.1%+30.1pp
EBITDA margin	56.5%+18.1pp	38.4%+22.5pp	15.9%+28.0pp	-12.1%+27.2pp	-39.3%+30.6pp
Free cash flow margin	77.4%-0.4pp	77.8%-5.2pp	83%+7.2pp	75.9%+6.1pp	69.7%—
Returns
Return on equity	29.8%+13.7pp	16.1%+16.3pp	-0.2%+24.1pp	-24.3%+21.5pp	-45.8%+24.2pp
Return on assets	8.3%+3.9pp	4.4%+4.4pp	-0%+7.0pp	-7%+6.4pp	-13.3%+7.5pp
Return on invested capital	13.6%+8.8pp	4.8%+10.4pp	-5.6%+45.2pp	-50.8%+45.9pp	-96.7%+66.1pp
Efficiency
Asset turnover	1.3×0.0×	1.3×0.0×	1.2×0.0×	1.2×0.0×	1.1×+0.1×
Leverage
Debt-to-equity	7.8×-0.3×	8.1×-0.2×	8.2×+2.5×	5.7×0.0×	5.7×+2.7×
Debt-to-assets	2.2×0.0×	2.2×0.0×	2.3×+0.7×	1.5×0.0×	1.5×+0.7×
Net debt / EBITDA	28.7×-788×	817×—	——	——	——
Interest coverage	2.4×+1.5×	0.9×+1.7×	-0.9×+2.0×	-2.8×+1.9×	-4.7×+2.0×
Per Share
Book value per share	$39.49+6.8%	$36.98+6.0%	$34.89+1.6%	$34.33+0.5%	$34.15-0.1%
Valuation
Market capitalization	$84.81B+0.9%	$84.01B+7.2%	$78.36B+16.5%	$67.26B+21.4%	$55.41B+5.8%
Enterprise value	$104.01B+1.5%	$102.47B+7.3%	$95.51B+24.5%	$76.72B+17.4%	$65.34B+19.6%
Price / earnings	634.9×—	——	——	——	——
Price / sales	23.9×-1.0×	24.9×-0.1×	25×+1.8×	23.2×+2.5×	20.6×-0.6×
Price / book	25.1×-1.0×	26.1×+0.1×	25.9×+2.7×	23.2×+3.5×	19.7×+0.7×
EV / EBITDA	222.4×-2,653×	2,875.2×—	——	——	——
EV / sales	29×-1.3×	30.3×-0.4×	30.6×+4.2×	26.4×+2.6×	23.9×+2.2×
Free cash flow yield	13.7%+0.9pp	12.8%-0.7pp	13.5%+0.2pp	13.3%-0.3pp	13.6%—
Earnings yield	4.9%+2.9pp	1.9%+2.2pp	-0.3%+4.5pp	-4.7%+5.8pp	-10.5%+5.5pp

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Where do Affirm Holdings, Inc.'s ratios come from?: Every ratio is computed from Affirm Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.