Upstart Holdings (UPST) Return on Sales [ROS] (2020 - 2026)
Upstart Holdings' Return on Sales [ROS] was 9.72% in Q3 2026, up 1.18 percentage points from 8.54% a year earlier and up 5.70 percentage points from the prior quarter.
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Analysis
Upstart Holdings (UPST) Return on Sales [ROS] (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Upstart Holdings' Return on Sales [ROS] was 4.63% through Sep 30, 2026, up 2.63 percentage points year-over-year; for FY2025, it was 4.08%, up 31.24 percentage points from FY2024.
- Return on Sales [ROS] shows a five-year change of -0.96 percentage points (FY2020 to FY2025).
- In earlier years, Return on Sales [ROS] was -27.16% in FY2024 (+18.62 pp), -45.77% in FY2023 (-33.22 pp), -12.55% in FY2022 (-29.15 pp) and 16.60% in FY2021 (+11.56 pp).
- The Q3 2026 figure marks the highest quarterly Return on Sales [ROS] since Q1 2022.
- Compared with a year earlier, Return on Sales [ROS] was higher in seven of the last eight quarters, with an average year-over-year change of +20.88 percentage points.
- The best year-over-year quarter for Return on Sales [ROS] over five years was Q1 2024 (a gain of 63.68 percentage points); the worst was Q1 2023 (a drop of 123.64 percentage points).
- Per Business Quant data, UPST's Return on Sales [ROS] in the three quarters before Q3 2026 was 4.01% (Q2 2026), -2.44% (Q1 2026) and 6.39% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 6.38% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 16.33% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 5.07% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -105.74% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 44.96% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 7.45% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 15.16% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 21.24% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 4.78% |
| 10 | Upstart Holdings | 2.14 Bn | 101.94 Mn | 307.18 Mn | 9.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.72% |
| Jun 30, 2026 | 4.01% |
| Mar 31, 2026 | -2.44% |
| Dec 31, 2025 | 6.39% |
| Sep 30, 2025 | 8.54% |
| Jun 30, 2025 | 1.77% |
| Mar 31, 2025 | -2.11% |
| Dec 31, 2024 | -2.37% |
| Sep 30, 2024 | -26.94% |
| Jun 30, 2024 | -42.51% |
| Mar 31, 2024 | -48.87% |
| Dec 31, 2023 | -31.08% |
| Sep 30, 2023 | -29.88% |
| Jun 30, 2023 | -23.21% |
| Mar 31, 2023 | -112.54% |
| Dec 31, 2022 | -37.60% |
| Sep 30, 2022 | -32.39% |
| Jun 30, 2022 | -12.43% |
| Mar 31, 2022 | 11.09% |
| Dec 31, 2021 | 19.82% |
API Access
Upstart Holdings Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();