Upwork Inc. (UPWK) Earnings History
Annual and quarterly earnings data from 2016 to 2025
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UPWK EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
UPWK Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 77.8% | 16.4% | 14.7% |
| 2024 | 77.4% | 8.5% | 28.0% |
| 2023 | 75.3% | -1.6% | 6.8% |
| 2022 | 74.1% | -15.0% | -14.5% |
| 2021 | 73.0% | -10.8% | -11.2% |
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Upwork Inc. (UPWK) Earnings Overview
As of May 6, 2026, Upwork Inc. (UPWK) reported trailing twelve-month net income of $152M, reflecting -44.7% year-over-year growth. The company earned $1.09 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 ($102M net income, -12.0% margin), FLNT (-$27M 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 | $0.84 | 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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Start ComparisonUPWK — Frequently Asked Questions
Quick answers to the most common questions about buying UPWK stock.
Is UPWK growing earnings?
UPWK EPS fell to $1.09, with earnings declining -44.7%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $152M.
What are UPWK's profit margins?
Upwork Inc. net margin is +14.7%, with operating margin at +16.4%. Margins sit within typical range for the sector.
How consistent are UPWK's earnings?
UPWK earnings data spans 2016-2025. The declining earnings trend is -44.7% YoY. Historical data enables comparison across business cycles.