Upstart Holdings (UPST) Tax Rate (2020 - 2026)
Upstart Holdings' (UPST) quarterly Tax Rate came in at 3.58% in Q2 2026, up 271.0% year-over-year from 0.96% in Q2 2025, and up 379.63% quarter-over-quarter from 1.28% in Q1 2026.
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Analysis
Upstart Holdings (UPST) Tax Rate (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported Tax Rate for 7 consecutive years, with 3.58% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Rate rose 271.0% year-over-year to 3.58% in Q2 2026; TTM through Jun 2026 was 2.19%, a 601.0% increase from a year earlier, with the FY2025 full-year figure at 1.34%, up 148.0% from the prior year.
- Tax Rate was 3.58% for Q2 2026 at Upstart Holdings, up from 1.28% in the prior quarter.
- Over five years, Tax Rate peaked at 3.58% in Q2 2026 and troughed at 4.2% in Q4 2024.
- A 5-year average of 0.04% and a median of 0.02% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate slumped 405 bps in 2024 and jumped 694 bps in 2025, its largest moves.
- Over 5 years, Tax Rate stood at 0.83% in 2022, then slumped by 118 bps to 0.15% in 2023, then plunged by 2721 bps to 4.2% in 2024, then jumped by 165 bps to 2.75% in 2025, then soared by 30 bps to 3.58% in 2026.
- The last three Tax Rate figures came in at 3.58% (Q2 2026), 1.28% (Q1 2026), and 2.75% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 3.58% |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | -2.64% |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | -63.26% |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | -21.42% |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | -24.80% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 2.13% |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | -8.78% |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | -34.54% |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | -16.10% |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | -0.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.58% |
| Mar 31, 2026 | -1.28% |
| Dec 31, 2025 | 2.75% |
| Sep 30, 2025 | 0.39% |
| Jun 30, 2025 | 0.87% |
| Mar 31, 2025 | -1.20% |
| Dec 31, 2024 | -4.20% |
| Sep 30, 2024 | -0.67% |
| Jun 30, 2024 | -0.03% |
| Mar 31, 2024 | -0.02% |
| Dec 31, 2023 | -0.15% |
| Sep 30, 2023 | -0.02% |
| Jun 30, 2023 | -0.06% |
| Mar 31, 2023 | -0.01% |
| Dec 31, 2022 | 0.83% |
| Sep 30, 2022 | -0.02% |
| Jun 30, 2022 | -0.08% |
| Mar 31, 2022 | 0.06% |
| Dec 31, 2021 | 0.54% |
| Sep 30, 2021 | -4.55% |