Upwork (UPWK) Change in Intangibles (2017 - 2026)
Upwork (UPWK) recorded Change in Intangibles of $7.94 million in Q3 2026, up 53.7% from $5.17 million a year earlier but down 14.8% from the prior quarter.
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Analysis
Upwork (UPWK) Change in Intangibles (2017 - 2026) Analysis & Trends
On a TTM basis, Upwork's Change in Intangibles came in at $31.62 million as of Sep 30, 2026, up 101.5% year-over-year; for FY2025, it was $19.35 million, up 77.3% from FY2024.
- Annual Change in Intangibles has a five-year compound annual growth rate of 19.2% (FY2020 to FY2025).
- Across earlier years, Change in Intangibles came in at $10.92 million in FY2024 (-13.8%), $12.66 million in FY2023 (+69.1%), $7.49 million in FY2022 (+46.5%) and $5.11 million in FY2021 (-36.5%).
- Quarterly Change in Intangibles has ranged from $889,000 in Q4 2021 to $9.32 million in Q2 2026 over the past five years.
- On a year-over-year basis, Change in Intangibles has increased for seven consecutive quarters, with growth averaging 72.2% over the last eight quarters.
- Peak year-over-year performance for Change in Intangibles in the last five years was growth of 265.0% in Q3 2022, against a decline of 64.1% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $9.32 million (Q2 2026), $8.39 million (Q1 2026) and $5.97 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | - |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | - |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | - |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | - |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 99.00 Mn |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | - |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | - |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | - |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn | 7.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.94 Mn |
| Jun 30, 2026 | 9.32 Mn |
| Mar 31, 2026 | 8.39 Mn |
| Dec 31, 2025 | 5.97 Mn |
| Sep 30, 2025 | 5.17 Mn |
| Jun 30, 2025 | 4.51 Mn |
| Mar 31, 2025 | 3.70 Mn |
| Dec 31, 2024 | 2.32 Mn |
| Sep 30, 2024 | 2.96 Mn |
| Jun 30, 2024 | 3.15 Mn |
| Mar 31, 2024 | 2.49 Mn |
| Dec 31, 2023 | 3.48 Mn |
| Sep 30, 2023 | 3.11 Mn |
| Jun 30, 2023 | 3.37 Mn |
| Mar 31, 2023 | 2.70 Mn |
| Dec 31, 2022 | 2.33 Mn |
| Sep 30, 2022 | 2.34 Mn |
| Jun 30, 2022 | 1.59 Mn |
| Mar 31, 2022 | 1.23 Mn |
| Dec 31, 2021 | 889,000.00 |
API Access
Upwork Change in Intangibles 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=change-in-intangibles&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "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=change-in-intangibles&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();