Upwork (UPWK) EBT (2017 - 2026)
Upwork's EBT came in at $32.1 million for Q2 2026, down 16.5% from $38.44 million a year earlier and down 14.9% from the prior quarter.
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Analysis
Upwork (UPWK) EBT (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Upwork reported EBT of $139.54 million, up 6.8% year-over-year; for FY2025, it was $153.18 million, up 69.4% from FY2024.
- Going back by year, EBT was $90.43 million in FY2024 (+85.0%), $48.88 million in FY2023, -$89.35 million in FY2022 and -$56.12 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly EBT since Q4 2024.
- Year-over-year, EBT increased in six of the last eight quarters, with growth averaging 44.0%.
- The fastest year-over-year change in EBT over five years came in Q1 2025 (growth of 127.6%), and the weakest in Q2 2026 (a decline of 16.5%).
- Business Quant data shows UPWK's EBT at $37.71 million (Q1 2026), $34.05 million (Q4 2025) and $35.68 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 138.75 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 18.76 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 4.07 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 5.77 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 3.28 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 2.56 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 6.06 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 1.51 Bn |
| 10 | Upwork | 1.01 Bn | -1.50 Bn | 146.37 Mn | 32.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.10 Mn |
| Mar 31, 2026 | 37.71 Mn |
| Dec 31, 2025 | 34.05 Mn |
| Sep 30, 2025 | 35.68 Mn |
| Jun 30, 2025 | 38.44 Mn |
| Mar 31, 2025 | 45.01 Mn |
| Dec 31, 2024 | 18.37 Mn |
| Sep 30, 2024 | 28.88 Mn |
| Jun 30, 2024 | 23.40 Mn |
| Mar 31, 2024 | 19.77 Mn |
| Dec 31, 2023 | 15.82 Mn |
| Sep 30, 2023 | 17.23 Mn |
| Jun 30, 2023 | -2.13 Mn |
| Mar 31, 2023 | 17.96 Mn |
| Dec 31, 2022 | -16.06 Mn |
| Sep 30, 2022 | -24.79 Mn |
| Jun 30, 2022 | -23.79 Mn |
| Mar 31, 2022 | -24.71 Mn |
| Dec 31, 2021 | -22.49 Mn |
| Sep 30, 2021 | -9.29 Mn |
API Access
Upwork EBT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();