Upstart Holdings (UPST) Invested Capital (2020 - 2026)
Upstart Holdings (UPST) reported Invested Capital of $2.7 billion for Q1 2026, up 31.98% year-over-year from $2.0 billion in Q1 2025, and up 1.02% quarter-over-quarter from $2.6 billion in Q4 2025.
Upstart Holdings (UPST) Invested Capital (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has 7 years of Invested Capital data on file, last reported at $2.7 billion in Q1 2026.
- Invested Capital for Q1 2026 came in at $2.7 billion, up 31.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.7 billion (up 31.98% YoY), and the FY2025 annual result was $2.6 billion, up 29.11% from the prior year.
- Invested Capital improved to $2.7 billion in Q1 2026 per UPST's latest filing, from $2.6 billion in the prior quarter.
- Over five years, Invested Capital peaked at $2.7 billion in Q1 2026 and troughed at $1.5 billion in Q3 2024.
- A 5-year average of $1.9 billion and a median of $1.6 billion in 2022 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2022 and 2024: Invested Capital jumped 354.02% in 2022, then slipped 9.81% in 2024.
- A 5-year view of Invested Capital shows it stood at $1.7 billion in 2022, then rose by 1.02% to $1.7 billion in 2023, then gained by 21.46% to $2.0 billion in 2024, then climbed by 29.11% to $2.6 billion in 2025, then climbed by 1.02% to $2.7 billion in 2026.
- Business Quant data shows UPST's Invested Capital at $2.7 billion in Q1 2026, $2.6 billion in Q4 2025, and $2.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 59.66 Bn |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 8.47 Bn |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 92.75 Bn |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 112.26 Bn |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 30.90 Bn |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 32.91 Bn |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 3.78 Bn |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | 12.63 Bn |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 32.96 Bn |
| 10 | Upstart Holdings | 2.88 Bn | 2.41 Bn | 221.97 Mn | 2.65 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.65 Bn |
| Dec 31, 2025 | 2.63 Bn |
| Sep 30, 2025 | 2.60 Bn |
| Jun 30, 2025 | 2.15 Bn |
| Mar 31, 2025 | 2.01 Bn |
| Dec 31, 2024 | 2.04 Bn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 1.51 Bn |
| Mar 31, 2024 | 1.62 Bn |
| Dec 31, 2023 | 1.68 Bn |
| Sep 30, 2023 | 1.64 Bn |
| Jun 30, 2023 | 1.57 Bn |
| Mar 31, 2023 | 1.63 Bn |
| Dec 31, 2022 | 1.66 Bn |
| Sep 30, 2022 | 1.64 Bn |
| Jun 30, 2022 | 1.61 Bn |
| Mar 31, 2022 | 1.65 Bn |
| Dec 31, 2021 | 1.50 Bn |
| Sep 30, 2021 | 1.37 Bn |
| Jun 30, 2021 | 722.15 Mn |