Calling Graph API from Azure Logic Apps using delegated permissions

Yes, it does; it is recommended to secure passwords by enabling secure inputs setting on the HTTP action following the steps below:

1- Go to the HTTP action HTTP - Get an access token for Microsoft Graph.

2- Click on the three dots (...) on the top right corner of the action.

3- Select Settings.

4- Click the Secure Inputs switch to turn it on.

5- Click Done.

6- Click Save to save the logic app.

Now passwords are secure and can not be shown for previous runs.