Upwork (UPWK) Depreciation and Depletion (2017 - 2026)
Upwork's Depreciation and Depletion was $800,000 in Q2 2026, up 100.0% from $400,000 a year earlier and up 14.3% from the prior quarter.
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Analysis
Upwork (UPWK) Depreciation and Depletion (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Upwork's Depreciation and Depletion was $2.9 million through Jun 30, 2026, up 20.8% year-over-year; for FY2025, it was $2.2 million, down 24.1% from FY2024.
- Depreciation and Depletion shows a five-year compound annual growth rate of -9.4% (FY2020 to FY2025).
- In earlier years, Depreciation and Depletion was $2.9 million in FY2024 (unchanged), $2.9 million in FY2023 (-9.4%), $3.2 million in FY2022 (-13.5%) and $3.7 million in FY2021 (+2.8%).
- The Q2 2026 figure marks the highest quarterly Depreciation and Depletion since Q4 2024.
- Compared with a year earlier, Depreciation and Depletion was higher in three of the last eight quarters, with growth averaging 14.3%.
- The best year-over-year quarter for Depreciation and Depletion over five years was Q2 2026 (growth of 100.0%); the worst was Q1 2025 (a decline of 33.3%).
- Per Business Quant data, UPWK's Depreciation and Depletion in the three quarters before Q2 2026 was $700,000 (Q1 2026), $700,000 (Q4 2025) and $700,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 7.10 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 6.00 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | - |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | - |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | - |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | -418.45 Mn |
| 10 | Upwork | 1.00 Bn | -1.51 Bn | 146.37 Mn | 800,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 800,000.00 |
| Mar 31, 2026 | 700,000.00 |
| Dec 31, 2025 | 700,000.00 |
| Sep 30, 2025 | 700,000.00 |
| Jun 30, 2025 | 400,000.00 |
| Mar 31, 2025 | 400,000.00 |
| Dec 31, 2024 | 900,000.00 |
| Sep 30, 2024 | 700,000.00 |
| Jun 30, 2024 | 600,000.00 |
| Mar 31, 2024 | 600,000.00 |
| Dec 31, 2023 | 700,000.00 |
| Sep 30, 2023 | 700,000.00 |
| Jun 30, 2023 | 800,000.00 |
| Mar 31, 2023 | 800,000.00 |
| Dec 31, 2022 | 800,000.00 |
| Sep 30, 2022 | 800,000.00 |
| Jun 30, 2022 | 800,000.00 |
| Mar 31, 2022 | 800,000.00 |
| Dec 31, 2021 | 900,000.00 |
| Sep 30, 2021 | 800,000.00 |
API Access
Upwork Depreciation and Depletion 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-depletion&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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-depletion&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();