Upwork (UPWK) Change in Receivables (2017 - 2026)
Upwork (UPWK) recorded Change in Receivables of $1.35 million in Q3 2026, down 32.9% from $2.01 million a year earlier but up 123.5% from the prior quarter.
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Analysis
Upwork (UPWK) Change in Receivables (2017 - 2026) Analysis & Trends
On a TTM basis, Upwork's Change in Receivables came in at $4.37 million as of Sep 30, 2026, down 29.7% year-over-year; for FY2025, it was $3.28 million, down 31.6% from FY2024.
- Annual Change in Receivables has a five-year compound annual growth rate of -30.3% (FY2020 to FY2025).
- Across earlier years, Change in Receivables came in at $4.8 million in FY2024 (-78.3%), $22.18 million in FY2023 (+45.0%), $15.29 million in FY2022 (-37.9%) and $24.61 million in FY2021 (+23.1%).
- Quarterly Change in Receivables has ranged from -$4.85 million in Q3 2024 to $19.54 million in Q4 2023 over the past five years.
- On a year-over-year basis, Change in Receivables rose in 1 of the last five quarters, with an average decline of 48.4%.
- Peak year-over-year performance for Change in Receivables in the last five years was growth of 41.7% in Q4 2021, against a decline of 79.3% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $605,000 (Q2 2026), $784,000 (Q1 2026) and $1.63 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 3.92 Bn |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 999.00 Mn |
| 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 | - |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 99.00 Mn |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 218.46 Mn |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | -223.18 Mn |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 112.00 Mn |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn | 1.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.35 Mn |
| Jun 30, 2026 | 605,000.00 |
| Mar 31, 2026 | 784,000.00 |
| Dec 31, 2025 | 1.63 Mn |
| Sep 30, 2025 | 2.01 Mn |
| Jun 30, 2025 | -3.90 Mn |
| Mar 31, 2025 | 3.54 Mn |
| Dec 31, 2024 | 4.57 Mn |
| Sep 30, 2024 | -4.85 Mn |
| Jun 30, 2024 | 1.86 Mn |
| Mar 31, 2024 | 3.23 Mn |
| Dec 31, 2023 | 19.54 Mn |
| Sep 30, 2023 | -4.32 Mn |
| Jun 30, 2023 | 8.95 Mn |
| Mar 31, 2023 | -1.99 Mn |
| Dec 31, 2022 | -2.47 Mn |
| Sep 30, 2022 | 6.90 Mn |
| Jun 30, 2022 | 13.85 Mn |
| Mar 31, 2022 | -2.99 Mn |
| Dec 31, 2021 | 10.64 Mn |
API Access
Upwork Change in Receivables 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-receivables&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-receivables", "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-receivables&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();