Platform & Referral Fees, Net was Upstart Holdings’s largest product and service line in fiscal 2024, bringing in $502.41M of $635.26M (79%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|
| Platform & Referral Fees, Net | $726.16M | $732.24M | $414.12M | $502.41M | ||
| Servicing & Other Fees, Net | $75.11M | $175.04M | $146.31M | — | ||
| Servicing Fees | $51.26M | — | — | $89.32M | ||
| Borrower Fees | $7.29M | — | — | $26.44M | ||
| Collection Agency Fees | $4.47M | — | — | $16.41M | ||
| Other Fees | $1.07M | — | — | $677.00K | ||
| Total | $865.36M | $907.27M | $560.43M | $635.26M |
Upstart Holdings brought in $635.26M from its five product and service lines in fiscal 2024, the year ended December 31, 2024. Upstart Holdings regrouped these lines after fiscal 2023, so the total does not compare directly with that year's $560.43M. Platform & Referral Fees, Net was the largest at $502.41M (79.1%), ahead of Servicing Fees at $89.32M (14.1%) and Borrower Fees at $26.44M (4.2%). The other two lines brought in $17.08M combined.
Upstart Holdings stopped reporting Servicing & Other Fees, Net as a separate line after fiscal 2023, when it brought in $146.31M.
Upstart Holdings (UPST) reports its revenue by product and service. In fiscal 2024, Platform & Referral Fees, Net was its largest product and service line, bringing in $502.41M (79.1% of the total), followed by Servicing Fees at $89.32M (14.1%).
Platform & Referral Fees, Net was Upstart Holdings' largest product and service line in fiscal 2024, bringing in $502.41M, or 79.1% of the $635.26M total across its five product and service lines.
Every figure comes from Upstart Holdings' annual financial filings, as reported. Each line keeps the name Upstart Holdings gives it, and years follow its fiscal calendar.
Upstart Holdings' revenue by product and service goes back to fiscal 2019, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.