KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Upwork (UPWK) EBITDA Margin (2017 - 2025)

Upwork has reported EBITDA Margin over the past 9 years, most recently at 7.82% for Q4 2025.

  • Quarterly results put EBITDA Margin at 7.82% for Q4 2025, down 6853.0% from a year ago — trailing twelve months through Dec 2025 was 14.71% (down 1332.0% YoY), and the annual figure for FY2025 was 14.71%, down 1332.0%.
  • EBITDA Margin for Q4 2025 was 7.82% at Upwork, down from 14.61% in the prior quarter.
  • Over the last five years, EBITDA Margin for UPWK hit a ceiling of 76.36% in Q4 2024 and a floor of 19.52% in Q1 2022.
  • Median EBITDA Margin over the past 5 years was 8.59% (2025), compared with a mean of 4.78%.
  • Biggest five-year swings in EBITDA Margin: skyrocketed 6658bps in 2024 and later plummeted -6853bps in 2025.
  • Upwork's EBITDA Margin stood at 16.86% in 2021, then surged by 45bps to 9.27% in 2022, then skyrocketed by 205bps to 9.77% in 2023, then skyrocketed by 681bps to 76.36% in 2024, then tumbled by -90bps to 7.82% in 2025.
  • The last three reported values for EBITDA Margin were 7.82% (Q4 2025), 14.61% (Q3 2025), and 16.88% (Q2 2025) per Business Quant data.