Upstart Holdings (UPST) Price to Sales (2020 - 2026)
Upstart Holdings' Price to Sales came in at 1.70 for Q3 2026, down 67.4% from 5.21 a year earlier and down 38.6% from the prior quarter.
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Analysis
Upstart Holdings (UPST) Price to Sales (2020 - 2026) Analysis & Trends
For FY2025, Upstart Holdings' Price to Sales was 4.11, down 54.6% from FY2024.
- Going back by year, Price to Sales was 9.04 in FY2024 (+43.6%), 6.29 in FY2023 (+431.6%), 1.18 in FY2022 (-92.1%) and 14.92 in FY2021 (+387.8%).
- The Q3 2026 figure represents the lowest quarterly Price to Sales since Q4 2022.
- Year-over-year, Price to Sales has declined for five consecutive quarters, with an average decline of 8.7% over the last eight quarters.
- The fastest year-over-year change in Price to Sales over five years came in Q4 2023 (growth of 431.6%), and the weakest in Q3 2022 (a decline of 96.1%).
- Business Quant data shows UPST's Price to Sales at 2.77 (Q2 2026), 2.16 (Q1 2026) and 4.11 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn |
| 10 | Upstart Holdings | 2.14 Bn | 101.94 Mn | 307.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.70 |
| Jun 30, 2026 | 2.77 |
| Mar 31, 2026 | 2.16 |
| Dec 31, 2025 | 4.11 |
| Sep 30, 2025 | 5.21 |
| Jun 30, 2025 | 7.41 |
| Mar 31, 2025 | 6.15 |
| Dec 31, 2024 | 9.04 |
| Sep 30, 2024 | 6.18 |
| Jun 30, 2024 | 3.70 |
| Mar 31, 2024 | 4.06 |
| Dec 31, 2023 | 6.29 |
| Sep 30, 2023 | 4.31 |
| Jun 30, 2023 | 5.04 |
| Mar 31, 2023 | 1.85 |
| Dec 31, 2022 | 1.18 |
| Sep 30, 2022 | 1.61 |
| Jun 30, 2022 | 2.35 |
| Mar 31, 2022 | 8.87 |
| Dec 31, 2021 | 14.92 |
API Access
Upstart Holdings Price to Sales API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-sales&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "ticker": "UPST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-sales&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();