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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) EBT Margin (2017 - 2025)

Upwork has reported EBT Margin over the past 9 years, most recently at 17.16% for Q4 2025.

  • Quarterly results put EBT Margin at 17.16% for Q4 2025, up 757.0% from a year ago — trailing twelve months through Dec 2025 was 19.44% (up 769.0% YoY), and the annual figure for FY2025 was 19.44%, up 769.0%.
  • EBT Margin for Q4 2025 was 17.16% at Upwork, down from 17.68% in the prior quarter.
  • Over the last five years, EBT Margin for UPWK hit a ceiling of 23.36% in Q1 2025 and a floor of 17.48% in Q1 2022.
  • Median EBT Margin over the past 5 years was 9.1% (2023), compared with a mean of 2.56%.
  • Biggest five-year swings in EBT Margin: plummeted -1739bps in 2021 and later soared 2865bps in 2023.
  • Upwork's EBT Margin stood at 16.44% in 2021, then soared by 39bps to 9.95% in 2022, then surged by 186bps to 8.6% in 2023, then rose by 12bps to 9.59% in 2024, then skyrocketed by 79bps to 17.16% in 2025.
  • The last three reported values for EBT Margin were 17.16% (Q4 2025), 17.68% (Q3 2025), and 19.72% (Q2 2025) per Business Quant data.