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Upwork (UPWK) Cost of Revenue (2017 - 2025)

Historic Cost of Revenue for Upwork (UPWK) over the last 9 years, with Q4 2025 value amounting to $43.7 million.

  • Upwork's Cost of Revenue fell 59.86% to $43.7 million in Q4 2025 from the same period last year, while for Dec 2025 it was $174.8 million, marking a year-over-year decrease of 564.71%. This contributed to the annual value of $174.8 million for FY2025, which is 564.71% down from last year.
  • Upwork's Cost of Revenue amounted to $43.7 million in Q4 2025, which was down 59.86% from $45.8 million recorded in Q3 2025.
  • In the past 5 years, Upwork's Cost of Revenue ranged from a high of $65.0 million in Q1 2023 and a low of $39.6 million during Q1 2021
  • Over the past 5 years, Upwork's median Cost of Revenue value was $47.3 million (recorded in 2023), while the average stood at $50.5 million.
  • As far as peak fluctuations go, Upwork's Cost of Revenue skyrocketed by 5835.79% in 2021, and later tumbled by 2638.31% in 2024.
  • Over the past 5 years, Upwork's Cost of Revenue (Quarter) stood at $54.7 million in 2021, then increased by 14.82% to $62.8 million in 2022, then fell by 21.47% to $49.3 million in 2023, then fell by 10.89% to $43.9 million in 2024, then dropped by 0.6% to $43.7 million in 2025.
  • Its Cost of Revenue stands at $43.7 million for Q4 2025, versus $45.8 million for Q3 2025 and $43.4 million for Q2 2025.