Upstart Holdings annual return on equity
2020
2021
2022
2023
2024
2025
Upstart Holdings Return on Equity (ROE) Growth & History (UPST)
Upstart Holdings's return on equity was 7.49% for fiscal 2025.
View full Upstart Holdings company overviewUpstart Holdings annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 7.49% | +27.76 pp |
| 2024 | 2024-12-31 | −20.27% | +16.45 pp |
| 2023 | 2023-12-31 | −36.72% | −22.04 pp |
| 2022 | 2022-12-31 | −14.69% | −39.15 pp |
| 2021 | 2021-12-31 | 24.46% | +19.45 pp |
| 2020 | 2020-12-31 | 5.02% | — |
Upstart Holdings quarterly return on equity
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.16% | +1.36 pp |
| Q1 2026 | 2026-03-31 | −0.87% | −0.49 pp |
| Q4 2025 | 2025-12-31 | 2.42% | +2.86 pp |
| Q3 2025 | 2025-09-30 | 4.34% | +5.48 pp |
| Q2 2025 | 2025-06-30 | 0.80% | +9.82 pp |
| Q1 2025 | 2025-03-31 | −0.37% | +9.98 pp |
| Q4 2024 | 2024-12-31 | −0.45% | +6.20 pp |
| Q3 2024 | 2024-09-30 | −1.14% | +5.17 pp |
| Q2 2024 | 2024-06-30 | −9.02% | −4.57 pp |
| Q1 2024 | 2024-03-31 | −10.35% | +9.54 pp |
| Q4 2023 | 2023-12-31 | −6.65% | +1.30 pp |
| Q3 2023 | 2023-09-30 | −6.30% | +1.32 pp |
| Q2 2023 | 2023-06-30 | −4.45% | −0.79 pp |
| Q1 2023 | 2023-03-31 | −19.89% | −23.77 pp |
| Q4 2022 | 2022-12-31 | −7.95% | −15.67 pp |
| Q3 2022 | 2022-09-30 | −7.62% | −11.68 pp |
| Q2 2022 | 2022-06-30 | −3.66% | −10.85 pp |
| Q1 2022 | 2022-03-31 | 3.88% | +0.63 pp |
| Q4 2021 | 2021-12-31 | 7.72% | +6.86 pp |
| Q3 2021 | 2021-09-30 | 4.06% | — |
| Q2 2021 | 2021-06-30 | 7.19% | — |
| Q1 2021 | 2021-03-31 | 3.25% | — |
| Q4 2020 | 2020-12-31 | 0.86% | — |
Upstart Holdings return on equity trends
Over the last five fiscal years, Upstart Holdings's return on equity increased from 5.02% to 7.49%, a change of +2.47 percentage points. The latest reported quarter, Q2 2026, shows 2.16%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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