The single fibre fragmentation test is commonly used to characterise the fibre/matrix interface. During fragmentation, the stored energy is released resulting in matrix cracking and/or fibre/matrix debonding.Axisymmetric finite element models were formulated to study the impact of matrix cracks and fibre/matrix debonding on the effective stress transfer efficiency (EST) and stress transfer length (STL). At high strains, plastic deformation in the matrix dominated the stress transfer mechanism. The combination of matrix cracking and plasticity reduced the EST and increased STL.For experimental validation, three resins were formulated and the fragmentation of an unsized and uncoupled E-glass fibre examined as a function of matrix properties.Fibre failure was always accompanied by matrix cracking and debonding. With the stiff resin, debonding, transverse matrix cracking and conical crack initiation were observed. With a lower modulus and lower yield strength resin the transverse matrix crack length decreased while that of the conical crack increased.