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Affirm Holdings, Inc. AFRM Return on invested capital

Return on invested capital at other companies

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JPMorgan ChaseJPM
27.7%-16.1pp
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BlockXYZ
6.5%-1.1pp
Synchrony Financial logo
Synchrony FinancialSYF
55%-0.5pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
35.9%+12.6pp
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
20.5%-1.8pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
4.6%-0.3pp

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 trailing twelve months.

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 return on invested capital?
Affirm Holdings, Inc. (AFRM) reported return on invested capital of 4.4% in Q1 2026.
How has Affirm Holdings, Inc.'s return on invested capital changed year-over-year?
Affirm Holdings, Inc.'s return on invested capital increased by 201.1% year-over-year, from -4.4% to 4.4%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.