Growth Metrics

Upwork (UPWK) EBT Margin (2017 - 2025)

Upwork (UPWK) has 9 years of EBT Margin data on record, last reported at 17.16% in Q4 2025.

  • For Q4 2025, EBT Margin rose 757.0% year-over-year to 17.16%; the TTM value through Dec 2025 reached 19.44%, up 769.0%, while the annual FY2025 figure was 19.44%, 769.0% up from the prior year.
  • EBT Margin reached 17.16% in Q4 2025 per UPWK's latest filing, down from 17.68% in the prior quarter.
  • Across five years, EBT Margin topped out at 23.36% in Q1 2025 and bottomed at 17.48% in Q1 2022.
  • Average EBT Margin over 5 years is 2.56%, with a median of 9.1% recorded in 2023.
  • Peak YoY movement for EBT Margin: tumbled -1739bps in 2021, then skyrocketed 2865bps in 2023.
  • A 5-year view of EBT Margin shows it stood at 16.44% in 2021, then surged by 39bps to 9.95% in 2022, then skyrocketed by 186bps to 8.6% in 2023, then increased by 12bps to 9.59% in 2024, then soared by 79bps to 17.16% in 2025.
  • Per Business Quant database, its latest 3 readings for EBT Margin were 17.16% in Q4 2025, 17.68% in Q3 2025, and 19.72% in Q2 2025.