Upstart Holdings, Inc. (UPST) Earnings History
Annual and quarterly earnings data from 2018 to 2025
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UPST EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
UPST Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 95.2% | 5.1% | 5.0% |
| 2024 | 92.9% | -19.0% | -19.0% |
| 2023 | 92.8% | -43.8% | -43.8% |
| 2022 | 98.2% | -12.8% | -12.7% |
| 2021 | 99.6% | 15.7% | 15.9% |
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Upstart Holdings, Inc. (UPST) Earnings Overview
As of May 6, 2026, Upstart Holdings, Inc. (UPST) reported trailing twelve-month net income of $49M, reflecting +131.3% year-over-year growth. The company earned $0.51 per diluted share over the past four quarters, with a net profit margin of 5.0%.
Looking at the long-term picture, UPST's 5-year EPS compound annual growth rate (CAGR) stands at +14.4%, showing solid earnings momentum. The company achieved its highest annual net income of $135M in fiscal 2021.
Upstart Holdings, Inc. maintains positive profitability with a gross margin of 95.2%, operating margin of 5.1%, and net margin of 5.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including LC ($136M net income, 10.2% margin), SOFI ($481M net income, 10.1% margin), AFRM ($282M net income, 1.6% margin), UPST has room to improve margins relative to the peer group. Compare UPST vs LC →
UPST Earnings vs Peers
Earnings metrics vs comparable public companies
UPST Historical Earnings Data (2018–2025)
8 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $54M | +141.7% | $54M | $0.45 | 5.0% | 5.1% |
| 2024 | -$129M | +46.5% | -$128M | $-1.44 | -19.0% | -19.0% |
| 2023 | -$240M | -121.0% | -$240M | $-2.87 | -43.8% | -43.8% |
| 2022 | -$109M | -180.2% | -$109M | $-1.31 | -12.7% | -12.8% |
| 2021 | $135M | +2163.8% | $134M | $1.43 | 15.9% | 15.7% |
| 2020 | $6M | +1383.9% | $6M | $0.23 | 2.6% | 2.6% |
| 2019 | $-466,000 | +96.2% | -$5M | $-0.03 | -0.2% | -2.6% |
| 2018 | -$12M | - | -$8M | $-0.87 | -12.9% | -8.3% |
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Start ComparisonUPST — Frequently Asked Questions
Quick answers to the most common questions about buying UPST stock.
Is UPST growing earnings?
UPST EPS is $0.51, with earnings growth accelerating to +131.3%. This exceeds the 5-year CAGR of +14.4%. TTM net income reached $49M.
What are UPST's profit margins?
Upstart Holdings, Inc. net margin is +5.0%, with operating margin at +5.1%. Below-average margins reflect competitive or cost pressures.
How consistent are UPST's earnings?
UPST earnings data spans 2018-2025. The accelerating earnings trend is +131.3% YoY. Historical data enables comparison across business cycles.