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.
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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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 52.76% |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 37.82% |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 22.78% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 50.96% |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 20.44% |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | -1,112.06% |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 50.23% |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | -327.16% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 59.19% |
| 10 | Upstart Holdings | 2.83 Bn | 2.38 Bn | 303.39 Mn | -38.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -38.61% |
| Mar 31, 2026 | -44.62% |
| Dec 31, 2025 | 35.39% |
| Sep 30, 2025 | -45.66% |
| Jun 30, 2025 | -48.35% |
| Mar 31, 2025 | -9.21% |
| Dec 31, 2024 | -57.08% |
| Sep 30, 2024 | 105.59% |
| Jun 30, 2024 | 54.61% |
| Mar 31, 2024 | 31.34% |
| Dec 31, 2023 | -96.19% |
| Sep 30, 2023 | -75.31% |
| Jun 30, 2023 | 149.87% |
| Mar 31, 2023 | -68.36% |
| Dec 31, 2022 | -153.80% |
| Sep 30, 2022 | -58.76% |
| Jun 30, 2022 | -21.99% |
| Mar 31, 2022 | -86.14% |
| Dec 31, 2021 | -4.79% |
| Sep 30, 2021 | 17.86% |