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% / 16.6%
FY2021-FY2025
Trend
+115.0%
vs FY2024
Sector context
#79 of 88
Financials
What the data says
Among 88 Financials companies, Upstart Holdings, Inc. is in the bottom 10% for operating margin. Improved from -50.0% to 4.1% over the past 2 years.
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
- +17.6pp
- 5-Year Change
- -1.0pp
- 10-Year Change
- -
Sector benchmark
Bottom 10% in FinancialsTop 90% of 88This company 4.1% Sector average 22.4%
▼
-81.8% below sector average
Key checks
Key Insights
- In FY2025, operating margin increased 115.0% year-over-year.
- Currently 18.3pp below the Financials sector average.
- Peak operating margin was recorded in FY2021.
- Lowest operating margin in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.55 (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% | -269.6% |
| FY2022 | -13.5% | -181.4% |
| FY2021 | 16.6% | +229.4% |
| FY2020 | 5.0% | +280.9% |
| FY2019 | -2.8% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026