Upwork (UPWK) Deferred Taxes (2024 - 2026)

Upwork (UPWK) recorded quarterly Deferred Taxes of $93000.0 in Q1 2026, down 99.51% quarter-over-quarter from $18.9 million in Q4 2025.

Upwork (UPWK) Deferred Taxes (2024 - 2026) Analysis & Trends

Upwork's Deferred Taxes history runs 3 years deep, the most recent figure standing at $93000.0 for Q1 2026.

  • In Q1 2026, Deferred Taxes changed N/A year-over-year to $93000.0; the TTM figure through Mar 2026 stood at $18.6 million (changed N/A YoY), while the FY2025 annual figure was $18.5 million, up 114.31% from the prior year.
  • Deferred Taxes was $93000.0 for Q1 2026 at Upwork, down from $18.9 million in the prior quarter.
  • In the past five years, Deferred Taxes ranged from a high of $18.9 million in Q4 2025 to a low of -$129.3 million in Q4 2024.
  • Historically, Deferred Taxes has averaged -$22.1 million across 3 years, with a median of $93000.0 in 2026.
  • Biggest YoY gain for Deferred Taxes was 114.62% in 2025; the steepest drop was 114.62% in 2025.
  • A 3-year view of Deferred Taxes shows it stood at -$129.3 million in 2024, then soared by 114.62% to $18.9 million in 2025, then plunged by 99.51% to $93000.0 in 2026.
  • The last three Deferred Taxes figures came in at $93000.0 (Q1 2026), $18.9 million (Q4 2025), and -$2.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn -7.80 Mn
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn 6.92 Bn
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn 123.00 Mn
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn -
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn -
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn 5.33 Mn
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn -
8 Match 8.28 Bn 7.26 Bn 653.28 Mn 11.64 Mn
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn -
10 Upwork 1.03 Bn 452.88 Mn 150.84 Mn 93,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 93,000.00
Dec 31, 2025 18.89 Mn
Sep 30, 2025 -2.46 Mn
Jun 30, 2025 2.06 Mn
Dec 31, 2024 -129.26 Mn