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

Upwork (UPWK) has reported EBT Margin for 10 consecutive years, with 19.29% the latest figure, recorded in Q1 2026.

• In Q1 2026, EBT Margin fell 406.0% year-over-year to 19.29%; the TTM figure through Mar 2026 stood at 18.45% (up 345.0% YoY), while the FY2025 annual figure was 19.44%, up 769.0% from the prior year.
• EBT Margin came in at 19.29% for Q1 2026 at Upwork, up from 17.16% in the prior quarter.
• The five-year high for EBT Margin was 23.36% in Q1 2025, with the low at 17.48% in Q1 2022.
• Average EBT Margin over 5 years is 6.72%, with a median of 10.35% recorded in 2024.
• Across the five-year window, EBT Margin slumped 1060 bps in 2022 and jumped 2865 bps in 2023, its largest moves.
• Year by year, EBT Margin stood at 9.95% in 2022, then jumped by 186 bps to 8.6% in 2023, then increased by 12 bps to 9.59% in 2024, then soared by 79 bps to 17.16% in 2025, then advanced by 12 bps to 19.29% in 2026.
• According to Business Quant data, EBT Margin over the past three periods registered 19.29%, 17.16%, and 17.68% for Q1 2026, Q4 2025, and Q3 2025 respectively.