Upstart Holdings, Inc. (UPST) Return on equity 2020–2025
Upstart Holdings, Inc. (UPST) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
6.7%FY2025 · since FY2020: 2.0% → 6.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 6.7% | +27.0 pp |
| FY2024 | -20.3% | +17.5 pp |
| FY2023 | -37.8% | -21.6 pp |
| FY2022 | -16.2% | -32.9 pp |
| FY2021 | 16.8% | +14.8 pp |
| FY2020 | 2.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More UPST financial trends
UPST RevenueUPST Net incomeUPST Net marginUPST Gross profitUPST Gross marginUPST Operating incomeUPST Operating marginUPST Operating cash flowUPST Free cash flowUPST Capital expendituresUPST Stock buybacksUPST Dividends paidUPST Total assetsUPST Total liabilitiesUPST Shareholders’ equityUPST overview →