Upwork (UPWK) Depreciation & Amortization (CF) (2017 - 2026)
Upwork's Depreciation & Amortization (CF) came in at $11.35 million for Q3 2026, up 42.9% from $7.95 million a year earlier and up 29.3% from the prior quarter.
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Analysis
Upwork (UPWK) Depreciation & Amortization (CF) (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Upwork reported Depreciation & Amortization (CF) of $36.26 million, up 57.3% year-over-year; for FY2025, it came in at $25.71 million, up 73.6% from FY2024.
- Depreciation & Amortization (CF) has increased in each of the last three years, with a five-year compound annual growth rate of 20.4% (FY2020 to FY2025).
- Going back by year, Depreciation & Amortization (CF) was $14.81 million in FY2024 (+56.8%), $9.45 million in FY2023 (+17.3%), $8.06 million in FY2022 (-21.5%) and $10.26 million in FY2021 (+0.9%).
- The Q3 2026 figure represents the highest quarterly Depreciation & Amortization (CF) in data going back to Q3 2017.
- Year-over-year, Depreciation & Amortization (CF) has increased for 12 consecutive quarters, with growth averaging 61.0% over the last eight quarters.
- The fastest year-over-year change in Depreciation & Amortization (CF) over five years came in Q3 2025 (growth of 116.6%), and the weakest in Q1 2022 (a decline of 37.1%).
- Business Quant data shows UPWK's Depreciation & Amortization (CF) at $8.78 million (Q2 2026), $9.1 million (Q1 2026) and $7.02 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 8.37 Bn |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 7.15 Bn |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 107.10 Mn |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | - |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 7.00 Mn |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 218.00 Mn |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 34.19 Mn |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 31.06 Mn |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 183.00 Mn |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn | 11.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.35 Mn |
| Jun 30, 2026 | 8.78 Mn |
| Mar 31, 2026 | 9.10 Mn |
| Dec 31, 2025 | 7.02 Mn |
| Sep 30, 2025 | 7.95 Mn |
| Jun 30, 2025 | 5.88 Mn |
| Mar 31, 2025 | 4.86 Mn |
| Dec 31, 2024 | 4.37 Mn |
| Sep 30, 2024 | 3.67 Mn |
| Jun 30, 2024 | 3.63 Mn |
| Mar 31, 2024 | 3.15 Mn |
| Dec 31, 2023 | 3.81 Mn |
| Sep 30, 2023 | 1.76 Mn |
| Jun 30, 2023 | 1.85 Mn |
| Mar 31, 2023 | 2.02 Mn |
| Dec 31, 2022 | 2.05 Mn |
| Sep 30, 2022 | 1.98 Mn |
| Jun 30, 2022 | 2.02 Mn |
| Mar 31, 2022 | 2.01 Mn |
| Dec 31, 2021 | 2.07 Mn |
API Access
Upwork Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();