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Operating margin at other companies

Enova International logo
Enova InternationalENVA
23.6%+1.2pp
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
-7.3%-3.2pp
TransUnion logo
TransUnionTRU
17.9%0.0pp
Q2 Holdings logo
Q2 HoldingsQTWO
8%+6.1pp
ExlService Holdings logo
ExlService HoldingsEXLS
15.2%+0.4pp
OPENLANE, Inc logo
OPENLANE, IncOPLN
10.9%+0.1pp

Other financials

Income statement

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Revenue$308.2M+44.4%
Operating income-$7.5M-67.2%
Net income-$6.6M-172%
EPS (diluted)-$0.07-133%

Balance sheet

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Cash & equivalents$931.3M+10.9%
Total debt$1.9B+40.3%
Total equity$733.2M+8.4%
Total assets$3.0B+29.0%

Cash flow

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Operating cash flow-$133.3M-888%
CapEx$2.8M
Free cash flow-$136.0M-909%

Valuation

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Market cap$3.01B-43.6%
Enterprise value$4.02B-29.1%
P/E61×
P/S2.6×-4.7×

Profitability

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Net margin4.3%+2.6pp
FCF margin27%+16.9pp

Returns & leverage

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Return on equity7%+4.4pp
Debt / equity2.6×+0.6×

Where this comes from

Calculated from Upstart Holdings, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Upstart Holdings, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Upstart Holdings, Inc.'s operating margin?
Upstart Holdings, Inc. (UPST) reported operating margin of 3.5% in Q1 2026.
How has Upstart Holdings, Inc.'s operating margin changed year-over-year?
Upstart Holdings, Inc.'s operating margin increased by 122.9% year-over-year, from -15.2% to 3.5%.
What is the long-term trend for Upstart Holdings, Inc.'s operating margin?
Over 5 years (2020 to 2025), Upstart Holdings, Inc.'s operating margin has grown at a -4.1% compound annual growth rate (CAGR), from 5% to 4.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.