Upwork (UPWK) Asset Utilization Ratio (2018 - 2026)
Upwork's (UPWK) Asset Utilization Ratio stood at 0.63 in Q2 2026, up 1.3% from 0.62 a year earlier and up 0.6% from the prior quarter.
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Analysis
Upwork (UPWK) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
Starting with Q4 2018, Upwork's Asset Utilization Ratio history includes 31 quarters.
- Across earlier years, Asset Utilization Ratio came in at 0.68 in FY2024 (+5.1%), 0.65 in FY2023 (+13.7%), 0.57 in FY2022 (-8.4%) and 0.62 in FY2021 (-18.5%).
- The Q2 2026 figure is the highest quarterly Asset Utilization Ratio since Q1 2025.
- On a year-over-year basis, Asset Utilization Ratio rose in two of the last eight quarters, with an average decline of 6.6%.
- Peak year-over-year performance for Asset Utilization Ratio in the last five years was growth of 36.9% in Q2 2023, against a decline of 36.2% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.62 (Q1 2026), 0.60 (Q4 2025) and 0.61 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 0.55 |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 0.54 |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 0.81 |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 0.53 |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 0.93 |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 0.88 |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 0.98 |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 0.68 |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 1.35 |
| 10 | Upwork | 1.02 Bn | -1.49 Bn | 146.37 Mn | 0.63 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.63 |
| Mar 31, 2026 | 0.62 |
| Dec 31, 2025 | 0.60 |
| Sep 30, 2025 | 0.61 |
| Jun 30, 2025 | 0.62 |
| Mar 31, 2025 | 0.63 |
| Dec 31, 2024 | 0.68 |
| Sep 30, 2024 | 0.74 |
| Jun 30, 2024 | 0.74 |
| Mar 31, 2024 | 0.71 |
| Dec 31, 2023 | 0.69 |
| Sep 30, 2023 | 0.70 |
| Jun 30, 2023 | 0.70 |
| Mar 31, 2023 | 0.64 |
| Dec 31, 2022 | 0.57 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.51 |
| Mar 31, 2022 | 0.49 |
| Dec 31, 2021 | 0.46 |
| Sep 30, 2021 | 0.57 |
API Access
Upwork Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();