Upstart Holdings (UPST) Return on Equity [ROE] (2021 - 2026)
Upstart Holdings (UPST) posted Return on Equity [ROE] of 7.73% for Q3 2026, up 3.33 percentage points from 4.40% a year earlier but down 0.16 percentage points from the prior quarter.
Powered by 
Analysis
Upstart Holdings (UPST) Return on Equity [ROE] (2021 - 2026) Analysis & Trends
For FY2025, Upstart Holdings' Return on Equity [ROE] came in at 7.49%, up 27.76 percentage points from FY2024.
- Annual Return on Equity [ROE] shows a five-year change of +2.81 percentage points (FY2020 to FY2025).
- In prior years, Upstart Holdings' Return on Equity [ROE] was -20.27% in FY2024 (+16.45 pp), -36.72% in FY2023 (-22.04 pp), -14.69% in FY2022 (-39.15 pp) and 24.46% in FY2021 (+19.79 pp).
- Quarterly Return on Equity [ROE] has run from a low of -42.50% in Q2 2023 to a high of 18.77% in Q1 2022 over five years.
- On a year-over-year basis, Return on Equity [ROE] has increased in each of the last 11 quarters, with an average year-over-year change of +19.56 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q3 2025, with a gain of 32.66 percentage points; the weakest was Q1 2023, with a drop of 60.42 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 7.88% (Q2 2026), 6.45% (Q1 2026) and 6.95% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 2.04% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 24.05% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | -5.19% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -16.34% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 36.17% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | -5.15% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 11.09% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 24.02% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 5.45% |
| 10 | Upstart Holdings | 2.14 Bn | 101.94 Mn | 307.18 Mn | 7.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.73% |
| Jun 30, 2026 | 7.88% |
| Mar 31, 2026 | 6.45% |
| Dec 31, 2025 | 6.95% |
| Sep 30, 2025 | 4.40% |
| Jun 30, 2025 | -0.91% |
| Mar 31, 2025 | -10.14% |
| Dec 31, 2024 | -20.93% |
| Sep 30, 2024 | -28.27% |
| Jun 30, 2024 | -33.42% |
| Mar 31, 2024 | -28.12% |
| Dec 31, 2023 | -37.64% |
| Sep 30, 2023 | -39.56% |
| Jun 30, 2023 | -42.50% |
| Mar 31, 2023 | -41.64% |
| Dec 31, 2022 | -15.62% |
| Sep 30, 2022 | 0.75% |
| Jun 30, 2022 | 11.13% |
| Mar 31, 2022 | 18.77% |
| Dec 31, 2021 | 17.75% |
API Access
Upstart Holdings Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();