Company / Operating Margin
Upstart Holdings, Inc. Operating Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
4.1%
FY2025
5-year range
-50.0% / 5.0%
FY2021-FY2025
Trend
+115.0%
vs FY2024
Sector context
#83 of 105
Financials
What the data says
Upstart Holdings, Inc.'s operating margin of 4.1% is lower than 79% of companies in the Financials sector (FY2025). Operating Margin has fluctuated over the past 7 years, ranging from -50.0% in FY2023 to 5.0% in FY2020.
Based on SEC 10-K filings.
4.1% in FY2025 with a 5-year CAGR of -1.0%.
Improved from -50.0% to 4.1% over the past 2 years.
Financials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -1.0pp
- 5-Year Change
- -1.0pp
- 10-Year Change
- -
Sector benchmark
Bottom 21% in FinancialsTop 79% of 105This company 4.1% Sector average -49.0%
▼
+108.3% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 115.0% year-over-year.
- Currently 53.0pp above the Financials sector average.
- Peak operating margin was recorded in FY2020.
- Lowest operating margin in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.45 (distress zone, below 1.8 threshold)
- Negative profit margin: -20.2%
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 4.1% | +115.0% |
| FY2024 | -27.2% | +45.6% |
| FY2023 | -50.0% | -1091.1% |
| FY2022 | 5.0% | +280.6% |
| FY2021 | -2.8% | -155.4% |
| FY2020 | 5.0% | +280.9% |
| FY2019 | -2.8% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026