Upstart Holdings (UPST) EBT Margin (2020 - 2026)
Upstart Holdings (UPST) reported EBT Margin of 2.37% for Q1 2026, down 106.0% year-over-year from 39.47% in Q1 2025, and down 132.78% quarter-over-quarter from 7.22% in Q4 2025.
Upstart Holdings (UPST) EBT Margin (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has 7 years of EBT Margin data on file, last reported at 2.37% in Q1 2026.
- EBT Margin for Q1 2026 came in at 2.37%, down 106.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.74% (up 1452.0% YoY), and the FY2025 annual result was 5.72%, up 2592.0% from the prior year.
- EBT Margin retreated to 2.37% in Q1 2026 per UPST's latest filing, from 7.22% in the prior quarter.
- Over five years, EBT Margin peaked at 12.35% in Q3 2025 and troughed at 125.56% in Q1 2023.
- A 5-year average of 20.16% and a median of 11.55% in 2022 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2023 and 2024: EBT Margin sank 13598 bps in 2023, then surged 7879 bps in 2024.
- A 5-year view of EBT Margin shows it stood at 37.93% in 2022, then surged by 40 bps to 22.62% in 2023, then surged by 94 bps to 1.33% in 2024, then soared by 645 bps to 7.22% in 2025, then sank by 133 bps to 2.37% in 2026.
- Business Quant data shows UPST's EBT Margin at 2.37% in Q1 2026, 7.22% in Q4 2025, and 12.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 63.88% |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 57.30% |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 19.98% |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 17.72% |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 16.68% |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 21.96% |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 32.10% |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | 18.14% |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 19.03% |
| 10 | Upstart Holdings | 2.88 Bn | 2.41 Bn | 221.97 Mn | -2.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.37% |
| Dec 31, 2025 | 7.22% |
| Sep 30, 2025 | 12.35% |
| Jun 30, 2025 | 2.20% |
| Mar 31, 2025 | -1.30% |
| Dec 31, 2024 | -1.33% |
| Sep 30, 2024 | -4.14% |
| Jun 30, 2024 | -41.72% |
| Mar 31, 2024 | -46.78% |
| Dec 31, 2023 | -22.62% |
| Sep 30, 2023 | -27.46% |
| Jun 30, 2023 | -20.73% |
| Mar 31, 2023 | -125.56% |
| Dec 31, 2022 | -37.93% |
| Sep 30, 2022 | -31.34% |
| Jun 30, 2022 | -11.55% |
| Mar 31, 2022 | 10.42% |
| Dec 31, 2021 | 23.01% |
| Sep 30, 2021 | 13.23% |
| Jun 30, 2021 | 19.38% |