TTM
$49.2M
YoY change
-142.3%
5Y CAGR
+55.6%
Peak year (FY2021)
$134M
Cumulative operating income
-$311M
Operating Income history chart for Upstart Holdings (UPST) from 2017 to 2025
Latest: $54.3M
Operating Income growth chart for Upstart Holdings (UPST) from 2017 to 2025
Latest: -142.3%
Operating Income history table for Upstart Holdings (UPST) from 2017 to 2025
| FY2025 | $54.3M | -142.3% | +$183M | ||
| FY2024 | -$128M | -46.5% | +$112M | ||
| FY2023 | -$240M | +120.1% | -$131M | ||
| FY2022 | -$109M | -181.6% | -$243M | ||
| FY2021 | $134M | +2147.6% | +$128M | ||
| FY2020 | $5.95M | -220.3% | +$10.9M | ||
| FY2019 | -$4.95M | -38.0% | +$3.03M | ||
| FY2018 | -$7.97M | +5.8% | -$435K | ||
| FY2017 | -$7.54M | — | — |
- FY2025$54.3M-142.3%
- FY2024-$128M-46.5%
- FY2023-$240M+120.1%
- FY2022-$109M-181.6%
- FY2021$134M+2147.6%
- FY2020$5.95M-220.3%
- FY2019-$4.95M-38.0%
- FY2018-$7.97M+5.8%
- FY2017-$7.54M—
Operating Income values are taken from Upstart Holdings's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Upstart Holdings (UPST)
According to Upstart Holdings's latest reported financial statements, the company's current operating income (TTM) is $49.2M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, Upstart Holdings (UPST) operating income totalled $54.3M – plunged 142.3% year-over-year.
Upstart Holdings operating income compound annual growth for the 2020–2025 (5 years) window is +55.6%, sustaining 2 straight years of year-over-year growth.
Upstart Holdings operating income peaked at $134M in 2021; the latest annual figure is $54.3M in 2025 (59.4% below peak).
2021 marks the peak operating income at $134M, with the historical low of -$240M recorded in 2023.
Upstart Holdings Operating Income by Year
Upstart Holdings Operating Income 2025: $54.3M
2025's operating income for Upstart Holdings came in at $54.3M, plunged 142.3% below 2024.
Upstart Holdings Operating Income 2024: -$128M
Upstart Holdings posted operating income of -$128M in 2024, plunged 46.5% below 2023.
Upstart Holdings Operating Income 2023: -$240M
In 2023, Upstart Holdings reported operating income of -$240M, surged 120.1% from 2022. This figure represents the lowest annual value in the available history.
Upstart Holdings Operating Income 2022: -$109M
Upstart Holdings operating income in 2022 was -$109M, plunged 181.6% below 2021.
Upstart Holdings Operating Income 2021: $134M
Upstart Holdings operating income in 2021 was $134M.
See more financial history for Upstart Holdings (UPST).
Sector peers by Operating Income
Financial Services peers of Upstart Holdings (UPST), ranked by their latest operating income
| $72.6B | |
| $58.9B | |
| $37.7B | |
| $25.2B | |
| $24B | |
| $22B | |
| $21.9B | |
| $19.4B |
- $72.6B
- $37.7B
- $25.2B
- $24B
- $21.9B
- $19.4B
Frequently asked questions
Upstart Holdings (UPST) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.