Upwork, Inc (UPWK) EBITDA Margin (2017 - 2026)

Upwork (UPWK) has reported EBITDA Margin for 10 consecutive years, with 15.78% the latest figure, recorded in Q1 2026.

• In Q1 2026, EBITDA Margin fell 395.0% year-over-year to 15.78%; the TTM figure through Mar 2026 stood at 13.76% (down 1683.0% YoY), while the FY2025 annual figure was 14.71%, down 1332.0% from the prior year.
• EBITDA Margin came in at 15.78% for Q1 2026 at Upwork, up from 7.82% in the prior quarter.
• The five-year high for EBITDA Margin was 76.36% in Q4 2024, with the low at 19.52% in Q1 2022.
• Average EBITDA Margin over 5 years is 9.16%, with a median of 9.77% recorded in 2023.
• Across the five-year window, EBITDA Margin surged 6658 bps in 2024 and plunged 6853 bps in 2025, its largest moves.
• Year by year, EBITDA Margin stood at 9.27% in 2022, then soared by 205 bps to 9.77% in 2023, then soared by 681 bps to 76.36% in 2024, then sank by 90 bps to 7.82% in 2025, then surged by 102 bps to 15.78% in 2026.
• According to Business Quant data, EBITDA Margin over the past three periods registered 15.78%, 7.82%, and 14.61% for Q1 2026, Q4 2025, and Q3 2025 respectively.