Upstart Holdings (UPST) Tax Rate (2020 - 2026)

Upstart Holdings has disclosed Tax Rate across 7 years of filings, most recently posting 1.28% for Q1 2026.

• In Q1 2026, Tax Rate fell 8.0% year-over-year to 1.28%; the TTM figure through Mar 2026 stood at 1.56% (up 186.0% YoY), while the FY2025 annual figure was 1.34%, up 148.0% from the prior year.
• Tax Rate slipped to 1.28% in Q1 2026, from 2.75% in the prior quarter.
• Over the last five years, Tax Rate for UPST reached as high as 2.75% in Q4 2025 and fell as low as 4.2% in Q4 2024.
• The 5-year median for Tax Rate is 0.02% (2023), against an average of 0.17%.
• Annual changes were most pronounced in 2024 — Tax Rate tumbled 405 bps — and 2025, when it surged 694 bps.
• A 5-year view of Tax Rate shows it stood at 0.83% in 2022, then tumbled by 118 bps to 0.15% in 2023, then sank by 2721 bps to 4.2% in 2024, then surged by 165 bps to 2.75% in 2025, then slumped by 147 bps to 1.28% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 1.28%, 2.75%, and 0.39% for Q1 2026, Q4 2025, and Q3 2025 respectively.