Upstart Holdings (UPST) Total Debt (2020 - 2026)
Upstart Holdings (UPST) reported Total Debt of $2.03 billion for Q3 2026, up 9.2% from $1.86 billion a year earlier and up 1.2% from the prior quarter.
Powered by 
Analysis
Upstart Holdings (UPST) Total Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, Upstart Holdings posted Total Debt of $1.83 billion, up 30.5% from FY2024.
- Total Debt has increased for four consecutive years, with a five-year compound annual growth rate of 96.4% (FY2020 to FY2025).
- By year, Total Debt came in at $1.4 billion in FY2024 (+34.8%), $1.04 billion in FY2023 (+5.5%), $986.39 million in FY2022 (+41.8%) and $695.43 million in FY2021.
- The Q3 2026 figure ranks as the highest quarterly Total Debt in data going back to Q4 2020.
- Year over year, Total Debt has now increased in each of the last eight quarters, with growth averaging 44.6% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q3 2025 (growth of 109.1%); the low point was Q3 2024 (a decline of 11.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $2 billion (Q2 2026), $1.92 billion (Q1 2026) and $1.83 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 7.27 Bn |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 13.47 Bn |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 6.70 Bn |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | 27.06 Bn |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 11.23 Bn |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 23.70 Bn |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 678.09 Mn |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 40.00 Mn |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 100.00 Mn |
| 10 | Upstart Holdings | 2.14 Bn | 101.94 Mn | 307.18 Mn | 2.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.03 Bn |
| Jun 30, 2026 | 2.00 Bn |
| Mar 31, 2026 | 1.92 Bn |
| Dec 31, 2025 | 1.83 Bn |
| Sep 30, 2025 | 1.86 Bn |
| Jun 30, 2025 | 1.43 Bn |
| Mar 31, 2025 | 1.33 Bn |
| Dec 31, 2024 | 1.40 Bn |
| Sep 30, 2024 | 887.37 Mn |
| Jun 30, 2024 | 912.73 Mn |
| Mar 31, 2024 | 1.01 Bn |
| Dec 31, 2023 | 1.04 Bn |
| Sep 30, 2023 | 1.00 Bn |
| Jun 30, 2023 | 930.65 Mn |
| Mar 31, 2023 | 1.00 Bn |
| Dec 31, 2022 | 986.39 Mn |
| Sep 30, 2022 | 918.92 Mn |
| Jun 30, 2022 | 856.56 Mn |
| Mar 31, 2022 | 769.22 Mn |
| Dec 31, 2021 | 695.43 Mn |
API Access
Upstart Holdings Total Debt 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=total-debt&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();