Upstart Holdings (UPST) EBT Margin (2020 - 2026)
Upstart Holdings (UPST) posted quarterly EBT Margin of 2.37% for Q1 2026, down 106.0% year-over-year from 39.47% in Q1 2025, and down 125.0% quarter-over-quarter from 9.47% in Q4 2025.
Upstart Holdings (UPST) EBT Margin (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported EBT Margin for 7 consecutive years, with 2.37% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin fell 106.0% year-over-year to 2.37%; the TTM figure through Mar 2026 stood at 4.95% (up 1469.0% YoY), while the FY2025 annual figure was 5.72%, up 2592.0% from the prior year.
- EBT Margin declined to 2.37% in Q1 2026 per UPST's latest filing, from 9.47% in the prior quarter.
- Across five years, EBT Margin topped out at 11.52% in Q3 2025 and bottomed at 125.56% in Q1 2023.
- Historically, EBT Margin has averaged 22.11% across 5 years, with a median of 13.08% in 2022.
- Annual changes were most pronounced in 2023 — EBT Margin plunged 13611 bps — and 2024, when it surged 7879 bps.
- Upstart Holdings' EBT Margin stood at 61.39% in 2022, then soared by 51 bps to 30.17% in 2023, then soared by 96 bps to 1.33% in 2024, then jumped by 814 bps to 9.47% in 2025, then plunged by 125 bps to 2.37% in 2026.
- Business Quant data shows UPST's EBT Margin at 2.37% in Q1 2026, 9.47% in Q4 2025, and 11.52% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 58.74% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 59.14% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 20.73% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 30.28% |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 15.09% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 24.62% |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 10.34% |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 154.09% |
| 10 | Upstart Holdings | 2.89 Bn | 2.44 Bn | 303.39 Mn | 4.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.70% |
| Mar 31, 2026 | -2.37% |
| Dec 31, 2025 | 9.47% |
| Sep 30, 2025 | 11.52% |
| Jun 30, 2025 | 2.20% |
| Mar 31, 2025 | -1.30% |
| Dec 31, 2024 | -1.33% |
| Sep 30, 2024 | -4.01% |
| Jun 30, 2024 | -42.67% |
| Mar 31, 2024 | -46.78% |
| Dec 31, 2023 | -30.17% |
| Sep 30, 2023 | -29.95% |
| Jun 30, 2023 | -19.59% |
| Mar 31, 2023 | -125.56% |
| Dec 31, 2022 | -61.39% |
| Sep 30, 2022 | -31.34% |
| Jun 30, 2022 | -13.08% |
| Mar 31, 2022 | 10.55% |
| Dec 31, 2021 | 17.71% |
| Sep 30, 2021 | 13.23% |