Upwork (UPWK) EBIT Margin (2017 - 2026)

Upwork's EBIT Margin history runs 10 years deep, the most recent figure standing at 16.74% for Q1 2026.

• In Q1 2026, EBIT Margin fell 334.0% year-over-year to 16.74%; the TTM figure through Mar 2026 stood at 15.6% (up 382.0% YoY), while the FY2025 annual figure was 16.41%, up 794.0% from the prior year.
• EBIT Margin was 16.74% for Q1 2026 at Upwork, up from 14.26% in the prior quarter.
• In the past five years, EBIT Margin ranged from a high of 20.08% in Q1 2025 to a low of 16.73% in Q1 2022.
• Historically, EBIT Margin has averaged 2.83% across 5 years, with a median of 6.83% in 2024.
• The sharpest annual moves came in 2022 and 2023: EBIT Margin tumbled 996 bps in 2022, then soared 2256 bps in 2023.
• A 5-year view of EBIT Margin shows it stood at 12.69% in 2022, then surged by 136 bps to 4.58% in 2023, then surged by 55 bps to 7.09% in 2024, then soared by 101 bps to 14.26% in 2025, then increased by 17 bps to 16.74% in 2026.
• The last three EBIT Margin figures came in at 16.74% (Q1 2026), 14.26% (Q4 2025), and 14.75% (Q3 2025), per Business Quant data.