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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 (UPWK) has 9 years of EBITDA Margin data on record, last reported at 7.82% in Q4 2025.

  • For Q4 2025, EBITDA Margin fell 6853.0% year-over-year to 7.82%; the TTM value through Dec 2025 reached 14.71%, down 1332.0%, while the annual FY2025 figure was 14.71%, 1332.0% down from the prior year.
  • EBITDA Margin reached 7.82% in Q4 2025 per UPWK's latest filing, down from 14.61% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 76.36% in Q4 2024 and bottomed at 19.52% in Q1 2022.
  • Average EBITDA Margin over 5 years is 4.78%, with a median of 8.59% recorded in 2025.
  • Peak YoY movement for EBITDA Margin: surged 6658bps in 2024, then tumbled -6853bps in 2025.
  • A 5-year view of EBITDA Margin shows it stood at 16.86% in 2021, then skyrocketed by 45bps to 9.27% in 2022, then soared by 205bps to 9.77% in 2023, then soared by 681bps to 76.36% in 2024, then plummeted by -90bps to 7.82% in 2025.
  • Per Business Quant database, its latest 3 readings for EBITDA Margin were 7.82% in Q4 2025, 14.61% in Q3 2025, and 16.88% in Q2 2025.