Upstart Holdings (UPST) FCF Margin (2020 - 2026)
Upstart Holdings (UPST) posted quarterly FCF Margin of 49.1% for Q1 2026, down 3851.0% year-over-year from 1.31% in Q1 2025, and down 185.56% quarter-over-quarter from 57.39% in Q4 2025.
Upstart Holdings (UPST) FCF Margin (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported FCF Margin for 7 consecutive years, with 49.1% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 3851.0% year-over-year to 49.1%; the TTM figure through Mar 2026 stood at 26.09% (down 4424.0% YoY), while the FY2025 annual figure was 15.59%, down 4491.0% from the prior year.
- FCF Margin retreated to 49.1% in Q1 2026 per UPST's latest filing, from 57.39% in the prior quarter.
- Across five years, FCF Margin topped out at 147.62% in Q2 2023 and bottomed at 267.77% in Q4 2022.
- Historically, FCF Margin has averaged 29.21% across 5 years, with a median of 47.05% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin sank 26378 bps — and 2024, when it soared 19115 bps.
- Upstart Holdings' FCF Margin stood at 267.77% in 2022, then jumped by 64 bps to 97.26% in 2023, then jumped by 43 bps to 55.66% in 2024, then surged by 203 bps to 57.39% in 2025, then slumped by 186 bps to 49.1% in 2026.
- Business Quant data shows UPST's FCF Margin at 49.1% in Q1 2026, 57.39% in Q4 2025, and 47.05% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 52.76% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 37.82% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 22.78% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 64.06% |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 20.44% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 50.23% |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | -3,167.36% |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | -1,839.75% |
| 10 | Upstart Holdings | 2.89 Bn | 2.44 Bn | 303.39 Mn | -38.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -38.61% |
| Mar 31, 2026 | -49.10% |
| Dec 31, 2025 | 57.39% |
| Sep 30, 2025 | -47.05% |
| Jun 30, 2025 | -44.35% |
| Mar 31, 2025 | -10.59% |
| Dec 31, 2024 | -55.66% |
| Sep 30, 2024 | 109.01% |
| Jun 30, 2024 | 55.86% |
| Mar 31, 2024 | 31.34% |
| Dec 31, 2023 | -97.26% |
| Sep 30, 2023 | -82.14% |
| Jun 30, 2023 | 147.62% |
| Mar 31, 2023 | -74.65% |
| Dec 31, 2022 | -267.77% |
| Sep 30, 2022 | -57.36% |
| Jun 30, 2022 | -25.24% |
| Mar 31, 2022 | -86.55% |
| Dec 31, 2021 | -3.99% |
| Sep 30, 2021 | 19.61% |