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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Upstart Holdings (UPST) Net Margin (2020 - 2026)

Upstart Holdings has reported Net Margin over the past 6 years, most recently at 6.29% for Q4 2025.

  • Quarterly Net Margin rose 767.0% to 6.29% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 5.37% through Dec 2025, up 2609.0% year-over-year, with the annual reading at 5.13% for FY2025, 2534.0% up from the prior year.
  • Net Margin was 6.29% for Q4 2025 at Upstart Holdings, down from 12.3% in the prior quarter.
  • Over five years, Net Margin peaked at 19.91% in Q2 2021 and troughed at 110.34% in Q1 2023.
  • The 5-year median for Net Margin is 2.77% (2024), against an average of 13.55%.
  • Year-over-year, Net Margin crashed -12075bps in 2023 and then surged 5979bps in 2024.
  • A 5-year view of Net Margin shows it stood at 19.34% in 2021, then tumbled by -284bps to 35.52% in 2022, then grew by 22bps to 27.74% in 2023, then skyrocketed by 95bps to 1.38% in 2024, then surged by 558bps to 6.29% in 2025.
  • Per Business Quant, the three most recent readings for UPST's Net Margin are 6.29% (Q4 2025), 12.3% (Q3 2025), and 2.18% (Q2 2025).