vs
Side-by-side financial comparison of ACCO BRANDS Corp (ACCO) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
ACCO BRANDS Corp is the larger business by last-quarter revenue ($428.8M vs $308.2M, roughly 1.4× Upstart Holdings, Inc.). ACCO BRANDS Corp runs the higher net margin — 5.0% vs -2.2%, a 7.1% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (44.4% vs -4.3%). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (55.4% CAGR vs 9.3%).
ACCO Brands Corporation is an American multinational company. It was created by the merger of ACCO World from Fortune Brands with General Binding Corporation (GBC). As of 2025, its president and CEO is Thomas W. Tedford.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
ACCO vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $428.8M | $308.2M |
| Net Profit | $21.3M | $-6.6M |
| Gross Margin | 33.6% | — |
| Operating Margin | 9.3% | -2.4% |
| Net Margin | 5.0% | -2.2% |
| Revenue YoY | -4.3% | 44.4% |
| Net Profit YoY | 3.4% | -171.6% |
| EPS (diluted) | $0.23 | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $308.2M | ||
| Q4 25 | $428.8M | $296.1M | ||
| Q3 25 | $383.7M | $277.1M | ||
| Q2 25 | $394.8M | $257.3M | ||
| Q1 25 | $317.4M | $213.4M | ||
| Q4 24 | $448.1M | $219.0M | ||
| Q3 24 | $420.9M | $162.1M | ||
| Q2 24 | $438.3M | $127.6M |
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $21.3M | $18.6M | ||
| Q3 25 | $4.0M | $31.8M | ||
| Q2 25 | $29.2M | $5.6M | ||
| Q1 25 | $-13.2M | $-2.4M | ||
| Q4 24 | $20.6M | $-2.8M | ||
| Q3 24 | $9.3M | $-6.8M | ||
| Q2 24 | $-125.2M | $-54.5M |
| Q1 26 | — | — | ||
| Q4 25 | 33.6% | — | ||
| Q3 25 | 33.0% | — | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 31.4% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 32.5% | — | ||
| Q2 24 | 34.8% | — |
| Q1 26 | — | -2.4% | ||
| Q4 25 | 9.3% | 6.4% | ||
| Q3 25 | 6.8% | 8.5% | ||
| Q2 25 | 8.4% | 1.8% | ||
| Q1 25 | -2.1% | -2.1% | ||
| Q4 24 | 9.4% | -2.2% | ||
| Q3 24 | 6.2% | -27.8% | ||
| Q2 24 | -25.4% | -43.5% |
| Q1 26 | — | -2.2% | ||
| Q4 25 | 5.0% | 6.3% | ||
| Q3 25 | 1.0% | 11.5% | ||
| Q2 25 | 7.4% | 2.2% | ||
| Q1 25 | -4.2% | -1.1% | ||
| Q4 24 | 4.6% | -1.3% | ||
| Q3 24 | 2.2% | -4.2% | ||
| Q2 24 | -28.6% | -42.7% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.23 | $0.20 | ||
| Q3 25 | $0.04 | $0.23 | ||
| Q2 25 | $0.31 | $0.05 | ||
| Q1 25 | $-0.14 | $-0.03 | ||
| Q4 24 | $0.21 | $-0.01 | ||
| Q3 24 | $0.09 | $-0.07 | ||
| Q2 24 | $-1.29 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $472.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $664.6M | $733.2M |
| Total Assets | $2.3B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $472.9M | ||
| Q4 25 | — | $652.4M | ||
| Q3 25 | — | $489.8M | ||
| Q2 25 | — | $395.9M | ||
| Q1 25 | — | $599.8M | ||
| Q4 24 | — | $788.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $733.2M | ||
| Q4 25 | $664.6M | $798.8M | ||
| Q3 25 | $644.0M | $743.7M | ||
| Q2 25 | $637.3M | $722.0M | ||
| Q1 25 | $606.1M | $676.6M | ||
| Q4 24 | $606.1M | $633.2M | ||
| Q3 24 | $615.5M | $595.5M | ||
| Q2 24 | $617.1M | $594.7M |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.3B | $3.0B | ||
| Q3 25 | $2.3B | $2.9B | ||
| Q2 25 | $2.4B | $2.5B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.4B | $1.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $30.6M | $-133.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $30.6M | $108.6M | ||
| Q3 25 | $71.5M | $-122.6M | ||
| Q2 25 | $-38.9M | $-120.2M | ||
| Q1 25 | $5.5M | $-13.5M | ||
| Q4 24 | $52.7M | $-110.9M | ||
| Q3 24 | $92.9M | $179.3M | ||
| Q2 24 | $-25.6M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $108.4M | ||
| Q3 25 | — | $-122.7M | ||
| Q2 25 | — | $-120.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $179.2M | ||
| Q2 24 | — | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | -44.3% | ||
| Q2 25 | — | -46.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 110.5% | ||
| Q2 24 | — | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.44× | 5.82× | ||
| Q3 25 | 17.88× | -3.86× | ||
| Q2 25 | -1.33× | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | 9.99× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACCO
| Transferred At Point In Time | $421.6M | 98% |
| Transferred Over Time | $7.2M | 2% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
