Upwork Inc. (UPWK) Earnings History
Profitable10 years of earnings data (2016–2025) · Positive TTM net income
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Upwork Inc. (UPWK) Earnings Overview
As of June 21, 2026, Upwork Inc. (UPWK) reported trailing twelve-month net income of $109M, reflecting -45.4% year-over-year growth. The company earned $0.80 per diluted share over the past four quarters, with a net profit margin of 14.7%.
Looking at the long-term picture, UPWK's historical earnings data spans multiple years. The company achieved its highest annual net income of $216M in fiscal 2024.
Upwork Inc. maintains positive profitability with a gross margin of 77.8%, operating margin of 16.4%, and net margin of 14.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including FVRR ($29M net income, 4.9% margin), TASK ($105M net income, 8.6% margin), FLNT (-$24M net income, -13.0% margin), UPWK has outperformed on profitability metrics. Compare UPWK vs FVRR →
UPWK Earnings vs Peers
Earnings metrics vs comparable public companies
UPWK Historical Earnings Data (2016–2025)
10 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $115M | -46.5% | $129M | $0.83 | 14.7% | 16.4% |
| 2024 | $216M | +359.8% | $65M | $1.52 | 28.0% | 8.5% |
| 2023 | $47M | +152.2% | -$11M | $0.34 | 6.8% | -1.6% |
| 2022 | -$90M | -59.8% | -$93M | $-0.69 | -14.5% | -15.0% |
| 2021 | -$56M | -145.9% | -$54M | $-0.44 | -11.2% | -10.8% |
| 2020 | -$23M | -37.3% | -$22M | $-0.19 | -6.1% | -6.0% |
| 2019 | -$17M | +16.3% | -$19M | $-0.15 | -5.5% | -6.2% |
| 2018 | -$20M | -382.8% | -$12M | $-0.19 | -7.9% | -4.6% |
| 2017 | -$4M | +74.6% | -$3M | $-0.04 | -2.0% | -1.5% |
| 2016 | -$16M | - | -$14M | $-0.50 | -9.9% | -8.8% |
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UPWK — Frequently Asked Questions
Quick answers to the most common questions about buying UPWK stock.
What is UPWK earnings per share (EPS)?
UPWK trailing twelve-month (TTM) diluted EPS is $0.80, reflecting -45.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2016 to 2025 is available in the table on this page.
What is Upwork Inc.'s net income?
Upwork Inc. (UPWK) trailing twelve-month net income is $109M as of 2025. Earnings declined -45.4% year-over-year. Upwork Inc. has been profitable for 3 consecutive years.
Is UPWK profitable?
Yes, UPWK is profitable with a TTM net income of $109M and a net profit margin of +14.7%. Upwork Inc. has generated profits for 3 consecutive years.
What is UPWK's earnings growth rate?
UPWK compound annual EPS growth rates (CAGR): 1-Year: -45.4%, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2016 to 2025.
What are UPWK's profit margins?
Upwork Inc. net profit margin is +14.7%, operating margin is +16.4%, and gross margin is +77.8%. Margins are within a typical range for the sector. Return on Equity is +19.1%.
Is UPWK growing earnings?
UPWK earnings are declining — EPS fell -45.4% year-over-year. TTM net income dropped to $109M. This contrasts with the 5-year CAGR of N/A.
What was UPWK's best earnings year?
Upwork Inc.'s highest annual net income on record is $216M, achieved in fiscal year 2024. Earnings history on this page spans 2016 to 2025 and includes all annual and quarterly figures.
What were UPWK's earnings last quarter?
UPWK's most recent reported quarter was Q1 2026. Net income was $31M with diluted EPS of $0.24. For a full breakdown of all quarters, see the quarterly earnings table on this page.