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.

	Q3 '26	Q2 '26	Q1 '26	Q4 '25	Q3 '25
Profitability
Net margin	9.6%+11.7pp	7.6%+14.7pp	6.7%+24.4pp	1.6%+23.9pp	-2.1%+30.1pp
EBITDA margin	18.3%+18.1pp	16.5%+22.5pp	13.6%+28.0pp	8%+27.2pp	0.3%+30.6pp
Free cash flow margin	19.8%-0.4pp	16.7%-5.2pp	22.2%+7.2pp	18.7%+6.1pp	20.2%—
Returns
Return on equity	11.5%+13.7pp	8.9%+16.3pp	7.6%+24.1pp	1.8%+21.5pp	-2.3%+24.2pp
Return on assets	3.2%+3.9pp	2.4%+4.4pp	2.2%+7.0pp	0.5%+6.4pp	-0.6%+7.5pp
Return on invested capital	4.4%+8.8pp	3.3%+10.4pp	3.9%+45.2pp	1.9%+45.9pp	-4.4%+66.1pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×+0.1×
Leverage
Debt-to-equity	2.5×-0.3×	2.8×-0.2×	2.6×+2.5×	0×0.0×	2.7×+2.7×
Debt-to-assets	0.7×0.0×	0.8×0.0×	0.7×+0.7×	0×0.0×	0.8×+0.7×
Net debt / EBITDA	9.4×-788×	12.5×—	13.4×—	-6.7×—	797.7×—
Interest coverage	1×+1.5×	0.8×+1.7×	0.5×+2.0×	0.1×+1.9×	-0.5×+2.0×
Per Share
Book value per share	$10.87+30.1%	$10.15+25.8%	$9.47+6.3%	$9.00+2.1%	$8.35-0.5%
Valuation
Market capitalization	$15.26B+5.5%	$24.57B+29.9%	$23.8B+87.4%	$21.18B+127%	$14.47B+26.5%
Enterprise value	$22.12B+7.5%	$32.28B+27.5%	$30.15B+166%	$19.46B+141%	$20.59B+109%
Price / earnings	39.9×—	87×—	102.1×—	405.9×—	——
Price / sales	3.8×-1.0×	6.6×-0.1×	6.9×+1.8×	6.6×+2.5×	4.8×-0.6×
Price / book	4×-1.0×	6.9×+0.1×	7.2×+2.7×	6.9×+3.5×	5×+0.7×
EV / EBITDA	30.4×-2,653×	52.5×—	63.9×—	75.6×—	2,683.2×—
EV / sales	5.6×-1.3×	8.7×-0.4×	8.7×+4.2×	6×+2.6×	6.8×+2.2×
Free cash flow yield	5.2%+0.9pp	2.5%-0.7pp	3.2%+0.2pp	2.8%-0.3pp	4.2%—
Earnings yield	2.5%+2.9pp	1.1%+2.2pp	1%+4.5pp	0.2%+5.8pp	-0.4%+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.