Upwork (UPWK) Capital Expenditures (2017 - 2026)
Upwork's Capital Expenditures came in at $1.62 million for Q2 2026, down 32.0% from $2.38 million a year earlier and down 6.1% from the prior quarter.
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Analysis
Upwork (UPWK) Capital Expenditures (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Upwork reported Capital Expenditures of $4.28 million, down 43.8% year-over-year; for FY2025, it came in at $5.79 million, up 64.1% from FY2024.
- Capital Expenditures carries a five-year compound annual growth rate of -1.7% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $3.53 million in FY2024 (+409.8%), $692,000 in FY2023 (-44.6%), $1.25 million in FY2022 (+21.5%) and $1.03 million in FY2021 (-83.8%).
- The five-year range for quarterly Capital Expenditures is -$23,000 (Q2 2023) to $2.47 million (Q1 2025).
- Year-over-year, Capital Expenditures has declined for four consecutive quarters, with growth averaging 48.3% over the last six quarters.
- The fastest year-over-year change in Capital Expenditures over five years came in Q4 2021 (growth of 320.0%), and the weakest in Q4 2025 (a decline of 70.6%).
- Business Quant data shows UPWK's Capital Expenditures at $1.72 million (Q1 2026), $455,000 (Q4 2025) and $482,000 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 44.92 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 30.12 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 218.64 Mn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | - |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 4.00 Mn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 70.00 Mn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 76.00 Mn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | -23.25 Mn |
| 10 | Upwork | 1.02 Bn | -1.49 Bn | 146.37 Mn | 1.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.62 Mn |
| Mar 31, 2026 | 1.72 Mn |
| Dec 31, 2025 | 455,000.00 |
| Sep 30, 2025 | 482,000.00 |
| Jun 30, 2025 | 2.38 Mn |
| Mar 31, 2025 | 2.47 Mn |
| Dec 31, 2024 | 1.55 Mn |
| Sep 30, 2024 | 1.20 Mn |
| Jun 30, 2024 | 598,000.00 |
| Mar 31, 2024 | 177,000.00 |
| Dec 31, 2023 | 134,000.00 |
| Sep 30, 2023 | 423,000.00 |
| Jun 30, 2023 | -23,000.00 |
| Mar 31, 2023 | 158,000.00 |
| Dec 31, 2022 | 355,000.00 |
| Sep 30, 2022 | 291,000.00 |
| Jun 30, 2022 | 409,000.00 |
| Mar 31, 2022 | 193,000.00 |
| Dec 31, 2021 | 462,000.00 |
| Sep 30, 2021 | 231,000.00 |
API Access
Upwork Capital Expenditures 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=capital-expenditures&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "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=capital-expenditures&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();