Upstart Holdings (UPST) Shares Outstanding (Diluted) (2020 - 2026)
Upstart Holdings' Shares Outstanding (Diluted) was 109.72 million in Q2 2026, up 6.7% from 102.85 million a year earlier and up 13.2% from the prior quarter.
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Analysis
Upstart Holdings (UPST) Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Upstart Holdings came in at 107.49 million, up 20.2% from FY2024.
- Shares Outstanding (Diluted) has now increased for three consecutive years, with a five-year compound annual growth rate of 43.7% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 89.45 million in FY2024 (+6.8%), 83.77 million in FY2023 (+1.2%), 82.77 million in FY2022 (-12.7%) and 94.77 million in FY2021 (+441.1%).
- Quarterly Shares Outstanding (Diluted) has moved between 81.67 million (Q3 2022) and 109.72 million (Q3 2025) over five years.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for 12 straight quarters, with growth averaging 11.2% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q4 2021 (growth of 441.1%); the worst was Q3 2022 (a decline of 15.0%).
- Per Business Quant data, UPST's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 96.9 million (Q1 2026), 107.49 million (Q4 2025) and 109.72 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.12 Bn | 7.35 Bn | - | 882.00 Mn |
| 2 | Coinbase Global | 47.37 Bn | 4.18 Bn | - | 263.41 Mn |
| 3 | Block | 45.86 Bn | 17.16 Bn | 3.17 Bn | 608.85 Mn |
| 4 | Corpay | 26.07 Bn | 15.96 Bn | - | 66.33 Mn |
| 5 | Fiserv | 24.52 Bn | 21.19 Bn | 2.90 Bn | 533.70 Mn |
| 6 | Global Payments | 22.18 Bn | -31.42 Mn | 2.03 Bn | 270.12 Mn |
| 7 | Guidewire Software | 13.86 Bn | 10.43 Bn | 269.68 Mn | 85.41 Mn |
| 8 | Bitmine Immersion Technologies | 13.19 Bn | 10.57 Bn | 40.81 Mn | 443.95 Mn |
| 9 | Chime Financial | 11.58 Bn | 7.37 Bn | 594.87 Mn | 393.42 Mn |
| 10 | Upstart Holdings | 2.29 Bn | 220.63 Mn | 303.39 Mn | 109.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 109.72 Mn |
| Mar 31, 2026 | 96.90 Mn |
| Dec 31, 2025 | 107.49 Mn |
| Sep 30, 2025 | 109.72 Mn |
| Jun 30, 2025 | 102.85 Mn |
| Mar 31, 2025 | 94.27 Mn |
| Dec 31, 2024 | 89.45 Mn |
| Sep 30, 2024 | 90.12 Mn |
| Jun 30, 2024 | 88.44 Mn |
| Mar 31, 2024 | 87.03 Mn |
| Dec 31, 2023 | 83.77 Mn |
| Sep 30, 2023 | 84.40 Mn |
| Jun 30, 2023 | 83.13 Mn |
| Mar 31, 2023 | 81.91 Mn |
| Dec 31, 2022 | 82.77 Mn |
| Sep 30, 2022 | 81.67 Mn |
| Jun 30, 2022 | 83.83 Mn |
| Mar 31, 2022 | 95.46 Mn |
| Dec 31, 2021 | 94.77 Mn |
| Sep 30, 2021 | 96.06 Mn |
API Access
Upstart Holdings Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();