Superworth

Upstart profit margin UPST

Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.

Net margin, 12 months
4.8%
Operating margin, 12 months
4.0%
Net margin on a year earlier
+5.6 pts
Peer median
8.1%

Over the twelve months to Jun 30, 2026, Upstart kept 4.8% of its revenue as net profit, with an operating margin of 4.0%.

Five years earlier its net margin was 12.4%.

The median for 10 credit services stocks of a similar size is 8.1%.

Profit margin over time

OperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating margin
FY20255.1%4.1%
FY2024−20.2%−27.2%
FY2023−46.8%−50.0%
FY2022−12.9%−13.5%
FY202116.0%16.6%
FY20202.6%5.0%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY264.8%+5.6 pts4.0%
Q1 FY264.3%+13.5 pts3.5%
Q4 FY255.1%+25.3 pts4.1%
Q3 FY253.3%+33.5 pts2.0%
Q2 FY25−0.7%+37.3 pts−5.9%
Q1 FY25−9.2%+23.4 pts−15.2%
Q4 FY24−20.2%+26.6 pts−27.2%
Q3 FY24−30.2%+18.5 pts−38.6%
Q2 FY24−38.1%+11.5 pts−40.4%
Q1 FY24−32.6%+10.0 pts−35.7%
Q4 FY23−46.8%−33.9 pts−50.0%
Q3 FY23−48.6%−49.2 pts−51.4%

Against its peers

Companies in Financial - Credit Services nearest Upstart's size, closest first, today.

CompanyProfit margin
UPSTUpstart4.8%
FLYWFlywire4.8%
PAYOPayoneer Global4.6%
EEFTEuronet Worldwide6.6%
AGMFederal Agricultural Mortgage51.4%
ECPGEncore Capital15.9%
WUWestern Union CO9.8%
CBZCBIZ4.7%
HAPNHappen18.7%
MMSMaximus7.1%
PGYPagaya Technologies9.1%
Peer median8.1%

Where Upstart ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Upstart

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.