Upwork (UPWK) Accumulated Expenses (2017 - 2026)
Upwork (UPWK) posted quarterly Accumulated Expenses of $64.0 million for Q1 2026, up 35.74% year-over-year from $47.1 million in Q1 2025, and down 31.94% quarter-over-quarter from $94.0 million in Q4 2025.
Analysis
Upwork (UPWK) Accumulated Expenses (2017 - 2026) Analysis & Trends
Upwork's Accumulated Expenses history runs 10 years deep, the most recent figure standing at $64.0 million for Q1 2026.
- In Q1 2026, Accumulated Expenses rose 35.74% year-over-year to $64.0 million; the TTM figure through Mar 2026 stood at $64.0 million (up 35.74% YoY), while the FY2025 annual figure was $94.0 million, up 58.55% from the prior year.
- Accumulated Expenses for Q1 2026 stood at $64.0 million, down from $94.0 million in the prior quarter.
- The five-year high for Accumulated Expenses was $94.0 million in Q4 2025, with the low at $33.0 million in Q1 2022.
- The 5-year median for Accumulated Expenses is $52.1 million (2023), against an average of $55.3 million.
- The sharpest annual moves came in 2024 and 2025: Accumulated Expenses slipped 1.92% in 2024, then surged 58.55% in 2025.
- Upwork's Accumulated Expenses stood at $53.6 million in 2022, then increased by 8.54% to $58.2 million in 2023, then grew by 1.9% to $59.3 million in 2024, then soared by 58.55% to $94.0 million in 2025, then slumped by 31.94% to $64.0 million in 2026.
- Business Quant data shows UPWK's Accumulated Expenses at $64.0 million in Q1 2026, $94.0 million in Q4 2025, and $73.3 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn |
| 10 | Upwork | 1.12 Bn | 501.02 Mn | 146.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 68.68 Mn |
| Mar 31, 2026 | 63.99 Mn |
| Dec 31, 2025 | 94.02 Mn |
| Sep 30, 2025 | 73.34 Mn |
| Jun 30, 2025 | 58.76 Mn |
| Mar 31, 2025 | 47.14 Mn |
| Dec 31, 2024 | 59.30 Mn |
| Sep 30, 2024 | 55.75 Mn |
| Jun 30, 2024 | 49.81 Mn |
| Mar 31, 2024 | 46.68 Mn |
| Dec 31, 2023 | 58.19 Mn |
| Sep 30, 2023 | 52.11 Mn |
| Jun 30, 2023 | 48.82 Mn |
| Mar 31, 2023 | 47.60 Mn |
| Dec 31, 2022 | 53.61 Mn |
| Sep 30, 2022 | 51.78 Mn |
| Jun 30, 2022 | 45.68 Mn |
| Mar 31, 2022 | 33.03 Mn |
| Dec 31, 2021 | 45.74 Mn |
| Sep 30, 2021 | 45.05 Mn |