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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 - 2026)

Upwork has reported EBITDA Margin over the past 9 years, most recently at 7.82% for 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 for Q4 2025 was 7.82% at Upwork, down from 14.61% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 76.36% in Q4 2024 and troughed at 19.52% in Q1 2022.
  • A 5-year average of 4.78% and a median of 8.59% in 2025 define the central range for EBITDA Margin.
  • Biggest five-year swings in EBITDA Margin: surged 6658bps in 2024 and later tumbled -6853bps in 2025.
  • Year by year, EBITDA Margin stood at 16.86% in 2021, then soared by 45bps to 9.27% in 2022, then surged by 205bps to 9.77% in 2023, then surged by 681bps to 76.36% in 2024, then crashed by -90bps to 7.82% in 2025.
  • Business Quant data shows EBITDA Margin for UPWK at 7.82% in Q4 2025, 14.61% in Q3 2025, and 16.88% in Q2 2025.