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

Upstart Holdings (UPST) has 7 years of Net Margin data on file, last reported at 2.4% in Q1 2026.

• Net Margin for Q1 2026 came in at 2.4%, down 108.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.67% (up 1448.0% YoY), and the FY2025 annual result was 5.64%, up 2588.0% from the prior year.
• Net Margin eased to 2.4% in Q1 2026 per UPST's latest filing, from 7.03% in the prior quarter.
• Over five years, Net Margin peaked at 12.3% in Q3 2025 and troughed at 125.58% in Q1 2023.
• A 5-year average of 20.17% and a median of 11.56% in 2022 frame the typical range for Net Margin.
• The sharpest annual moves came in 2023 and 2024: Net Margin plunged 13599 bps in 2023, then surged 7879 bps in 2024.
• A 5-year view of Net Margin shows it stood at 37.62% in 2022, then surged by 40 bps to 22.65% in 2023, then soared by 94 bps to 1.38% in 2024, then jumped by 608 bps to 7.03% in 2025, then sank by 134 bps to 2.4% in 2026.
• Business Quant data shows UPST's Net Margin at 2.4% in Q1 2026, 7.03% in Q4 2025, and 12.3% in Q3 2025.