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

Upstart Holdings has disclosed Net Margin across 7 years of filings, most recently posting 2.4% for Q1 2026.

• In Q1 2026, Net Margin fell 108.0% year-over-year to 2.4%; the TTM figure through Mar 2026 stood at 4.67% (up 1448.0% YoY), while the FY2025 annual figure was 5.64%, up 2588.0% from the prior year.
• Net Margin fell to 2.4% in Q1 2026, from 7.03% in the prior quarter.
• Over the last five years, Net Margin for UPST reached as high as 12.3% in Q3 2025 and fell as low as 125.58% in Q1 2023.
• The 5-year median for Net Margin is 11.56% (2022), against an average of 20.17%.
• Annual changes were most pronounced in 2023 — Net Margin slumped 13599 bps — and 2024, when it surged 7879 bps.
• 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 tumbled by 134 bps to 2.4% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 2.4%, 7.03%, and 12.3% for Q1 2026, Q4 2025, and Q3 2025 respectively.