Upstart Holdings (UPST) Stock Buyback History
TTM buyback yield 4.03% · Shareholder yield (TTM) 4.03%.
UPST
TTM buyback yield
4.03%
Shareholder yield (TTM)
4.03%
5Y share count change
307.6%
TTM buyback spend
$100.06M
SBC coverage (TTM)
0.73x
YoY change in spend
N/A
5Y CAGR of spend
N/A
Peak year (2022)
$177.88M
Cumulative spend
$177.88M
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Upstart Holdings (UPST) repurchased about $100.06M of stock over the trailing twelve months.
- Diluted share count is up 307.6% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 0.73× — repurchases only partially offset SBC dilution.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $0.00 | $131.95M | −$131.95M | 0.11B | 20.2% | — |
| 2024 | $0.00 | $133.40M | −$133.40M | 0.09B | 6.8% | — |
| 2023 | $0.00 | $175.04M | −$175.04M | 0.08B | 1.2% | — |
| 2022 | $177.88M | $125.94M | $51.94M | 0.08B | -12.7% | 16.36% |
| 2021 | $0.00 | $73.19M | −$73.19M | 0.09B | 259.3% | — |
| 2020 | $0.00 | $11.51M | −$11.51M | 0.03B | 83.7% | — |
| 2019 | $0.00 | $3.81M | −$3.81M | 0.01B | 1.6% | — |
| 2018 | $0.00 | $2.04M | −$2.04M | 0.01B | 1.8% | — |
| 2017 | $0.00 | $1.29M | −$1.29M | 0.01B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Upstart Holdings (UPST) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Upstart Holdings (UPST)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Upstart Holdings (UPST)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $0 | — | $0 | ||
| 2024 | $0 | — | $0 | ||
| 2023 | $0 | -100.0% | -$177.88M | ||
| 2022 | $177.88M | — | +$177.88M | ||
| 2021 | $0 | — | $0 | ||
| 2020 | $0 | — | $0 | ||
| 2019 | $0 | — | $0 | ||
| 2018 | $0 | — | $0 | ||
| 2017 | $0 | — | — |
2025's annual buyback spend for Upstart Holdings (UPST) came in at $0.
Upstart Holdings buyback spend plunged from $177.88M in 2022 to $0 in 2025, a 100.0% drawdown.
Across the available history, buyback spend reached its high of $177.88M in 2022 and its low of $0 in 2017.
Upstart Holdings (UPST) sits 8th of 8 Financial Services peers we track on this metric, against a peer median of $12.87B.
Upstart Holdings Buyback Spend 2025: $0
Upstart Holdings buyback spend in 2025 was $0.
Upstart Holdings Buyback Spend 2024: $0
Upstart Holdings buyback spend in 2024 was $0.
Upstart Holdings Buyback Spend 2023: $0
Upstart Holdings buyback spend in 2023 was $0, plunged 100.0% below 2022.
Upstart Holdings Buyback Spend 2022: $177.88M
Upstart Holdings buyback spend in 2022 was $177.88M.
Upstart Holdings Buyback Spend 2021: $0
Upstart Holdings buyback spend in 2021 was $0.
See more financial history for Upstart Holdings (UPST).
Sector peers by buyback spend
Companies in the same sector as Upstart Holdings, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $34.59B | Financial Services |
| Bank of America (BAC) | $21.43B | Financial Services |
| Wells Fargo (WFC) | $19.52B | Financial Services |
| Visa (V) | $13.39B | Financial Services |
| Goldman Sachs (GS) | $12.36B | Financial Services |
| Mastercard (MA) | $11.73B | Financial Services |
| Morgan Stanley (MS) | $5.83B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.73×.
Capital allocation mix
How Upstart Holdings splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Upstart Holdings's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Upstart Holdings buy back its own stock?
Yes, Upstart Holdings (UPST) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Upstart Holdings spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $100.06M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Upstart Holdings's buyback yield?
TTM buyback yield is about 4.03% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Upstart Holdings's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 4.03% combined (TTM-based where available).
Is Upstart Holdings diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Upstart Holdings's share count changed?
Diluted weighted average shares changed by about 307.6% over roughly five fiscal years (annual income statement data).
What is Upstart Holdings's buyback spend?
Latest reported buyback spend for Upstart Holdings (UPST) is $100.06M (period ending March 31, 2026).
When did Upstart Holdings buyback spend hit its highest annual value?
Upstart Holdings buyback spend reached its highest annual value of $177.88M in 2022.
What was Upstart Holdings buyback spend in 2024?
Upstart Holdings (UPST) buyback spend in 2024 was $0.
What was Upstart Holdings buyback spend in 2025?
Upstart Holdings (UPST) buyback spend in 2025 was $0.
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