Affirm Holdings, Inc. AFRM Ratios & Valuation
| TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 25.6%+74.7pp | 13.9%+93.1pp | -0.8%+111pp | -25.2%+121pp | -49.1%+137pp | |
| EBITDA margin | 56.5%+95.8pp | 38.4%+108pp | 15.9%+120pp | -12.1%+134pp | -39.3%+155pp | |
| Free cash flow margin | 77.4%+7.6pp | 77.8%— | 83%— | 75.9%— | 69.7%— | |
| Returns | ||||||
| Return on equity | 29.8%+75.6pp | 16.1%+86.0pp | -0.2%+91.6pp | -24.3%+86.3pp | -45.8%+83.4pp | |
| Return on assets | 8.3%+21.7pp | 4.4%+25.3pp | -0%+27.7pp | -7%+27.5pp | -13.3%+28.3pp | |
| Return on invested capital | 13.6%+110pp | 4.8%+168pp | -5.6%+247pp | -50.8%+282pp | -96.7%+290pp | |
| Efficiency | ||||||
| Asset turnover | 1.3×+0.2× | 1.3×+0.2× | 1.2×+0.2× | 1.2×+0.2× | 1.1×+0.2× | |
| Leverage | ||||||
| Debt-to-equity | 7.8×+2.1× | 8.1×+5.1× | 8.2×+8.2× | 5.7×+5.6× | 5.7×+5.6× | |
| Debt-to-assets | 2.2×+0.7× | 2.2×+1.5× | 2.3×+2.3× | 1.5×+1.5× | 1.5×+1.5× | |
| Net debt / EBITDA | 28.7×— | 817×— | —— | —— | —— | |
| Interest coverage | 2.4×+7.1× | 0.9×+7.6× | -0.9×+8.3× | -2.8×+9.8× | -4.7×+12.7× | |
| Per Share | ||||||
| Book value per share | $39.49+15.6% | $36.98+8.2% | $34.89+0.6% | $34.33+0.3% | $34.15+0.5% | |
| Valuation | ||||||
| Market capitalization | $84.81B+53.0% | $84.01B+60.4% | $78.36B+62.2% | $67.26B+60.3% | $55.41B+49.1% | |
| Enterprise value | $104.01B+59.2% | $102.47B+87.6% | $95.51B+124% | $76.72B+111% | $65.34B+107% | |
| Price / earnings | 634.9×— | —— | —— | —— | —— | |
| Price / sales | 23.9×+3.3× | 24.9×+3.6× | 25×+2.8× | 23.2×+2.3× | 20.6×+0.9× | |
| Price / book | 25.1×+5.4× | 26.1×+7.0× | 25.9×+8.1× | 23.2×+7.3× | 19.7×+5.5× | |
| EV / EBITDA | 222.4×— | 2,875.2×— | —— | —— | —— | |
| EV / sales | 29×+5.1× | 30.3×+8.6× | 30.6×+11.0× | 26.4×+8.4× | 23.9×+7.2× | |
| Free cash flow yield | 13.7%+0.2pp | 12.8%— | 13.5%— | 13.3%— | 13.6%— | |
| Earnings yield | 4.9%+15.4pp | 1.9%+18.0pp | -0.3%+19.8pp | -4.7%+26.0pp | -10.5%+36.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.
