UPST Gross Margin
Percentage of revenue retained after cost of goods sold.
Gross Margin
Latest: 83.2% (2026Q2)
| Period | Value |
|---|---|
| 2021Q2 | 87.5% |
| 2021Q3 | 84.7% |
| 2021Q4 | 86.5% |
| 2022Q1 | 84.4% |
| 2022Q2 | 77.6% |
| 2022Q3 | 71.4% |
| 2022Q4 | 70.4% |
| 2023Q1 | 60.6% |
| 2023Q2 | 72.9% |
| 2023Q3 | 72.6% |
| 2023Q4 | 74.3% |
| 2024Q1 | 69.2% |
| 2024Q2 | 69.7% |
| 2024Q3 | 75.8% |
| 2024Q4 | 81.5% |
| 2025Q1 | 81.0% |
| 2025Q2 | 82.0% |
| 2025Q3 | 82.0% |
| 2025Q4 | 82.5% |
| 2026Q1 | 82.1% |
| 2026Q2 | 83.2% |
Other UPST Charts
More quarter-by-quarter fundamentals for Upstart Holdings, Inc.
1 / 10
Revenue
EPS
Free Cash Flow
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Rule of 40
Fintech Comparison
1 / 2
Gross Margin
Gross Margin
Latest Gross Margin: 83.2% (2026Q2); +1.2 pp YoY.
Across the 21 quarters from 2021Q2 to 2026Q2, Gross Margin ranged from 60.6% in 2023Q1 to 87.5% in 2021Q2.