Upstart Holdings (UPST) EBT Margin (2020 - 2026)
Upstart Holdings (UPST) recorded EBT Margin of 4.70% in Q2 2026, up 2.50 percentage points from 2.20% a year earlier and up 6.83 percentage points from the prior quarter.
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Analysis
Upstart Holdings (UPST) EBT Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Upstart Holdings' EBT Margin came in at 4.95% as of Jun 30, 2026, up 5.68 percentage points year-over-year; for FY2025, it came in at 5.20%, up 25.38 percentage points from FY2024.
- Annual EBT Margin has a five-year change of +2.66 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at -20.17% in FY2024 (+22.66 pp), -42.83% in FY2023 (-30.81 pp), -12.02% in FY2022 (-27.78 pp) and 15.76% in FY2021 (+13.21 pp).
- Quarterly EBT Margin has ranged from -110.33% in Q1 2023 to 19.44% in Q4 2021 over the past five years.
- On a year-over-year basis, EBT Margin rose in seven of the last eight quarters, with an average year-over-year change of +20.53 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 63.55 percentage points in Q1 2024, against a drop of 120.74 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -2.13% (Q1 2026), 6.47% (Q4 2025) and 11.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.04 Bn | 7.27 Bn | - | 15.09% |
| 2 | Coinbase Global | 47.52 Bn | 4.33 Bn | - | -32.41% |
| 3 | Block | 45.61 Bn | 16.91 Bn | 3.17 Bn | 4.56% |
| 4 | Corpay | 26.34 Bn | 16.23 Bn | - | 25.75% |
| 5 | Fiserv | 24.61 Bn | 21.29 Bn | 2.90 Bn | 14.64% |
| 6 | Global Payments | 22.07 Bn | -135.34 Mn | 2.03 Bn | 3.14% |
| 7 | Guidewire Software | 13.93 Bn | 10.49 Bn | 269.68 Mn | 11.02% |
| 8 | Bitmine Immersion Technologies | 13.17 Bn | 10.55 Bn | 40.81 Mn | -179.64% |
| 9 | Chime Financial | 11.48 Bn | 7.27 Bn | 594.87 Mn | 4.19% |
| 10 | Upstart Holdings | 2.26 Bn | 188.28 Mn | 303.39 Mn | 4.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.70% |
| Mar 31, 2026 | -2.13% |
| Dec 31, 2025 | 6.47% |
| Sep 30, 2025 | 11.52% |
| Jun 30, 2025 | 2.20% |
| Mar 31, 2025 | -1.13% |
| Dec 31, 2024 | -1.32% |
| Sep 30, 2024 | -4.01% |
| Jun 30, 2024 | -41.72% |
| Mar 31, 2024 | -46.78% |
| Dec 31, 2023 | -27.70% |
| Sep 30, 2023 | -27.46% |
| Jun 30, 2023 | -19.59% |
| Mar 31, 2023 | -110.33% |
| Dec 31, 2022 | -35.81% |
| Sep 30, 2022 | -31.34% |
| Jun 30, 2022 | -11.55% |
| Mar 31, 2022 | 10.42% |
| Dec 31, 2021 | 19.44% |
| Sep 30, 2021 | 12.19% |
API Access
Upstart Holdings EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "UPST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();