Upwork (UPWK) Enterprise Value (2018 - 2026)
Upwork's Enterprise Value came in at $429.06 million for Q2 2026, down 53.9% from $930.47 million a year earlier and down 44.6% from the prior quarter.
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Analysis
Upwork (UPWK) Enterprise Value (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Upwork reported Enterprise Value of -$1.47 billion; for FY2025, it came in at $1.91 billion, up 37.6% from FY2024.
- Enterprise Value carries a five-year compound annual growth rate of -13.7% (FY2020 to FY2025).
- Going back by year, Enterprise Value was $1.39 billion in FY2024 (-6.7%), $1.49 billion in FY2023 (+114.5%), $695.31 million in FY2022 (-81.3%) and $3.73 billion in FY2021 (-6.8%).
- The Q2 2026 figure represents the lowest quarterly Enterprise Value in data going back to Q4 2018.
- Year-over-year, Enterprise Value increased in three of the last eight quarters, with growth averaging 22.3%.
- The fastest year-over-year change in Enterprise Value over five years came in Q3 2025 (growth of 212.3%), and the weakest in Q4 2022 (a decline of 81.3%).
- Business Quant data shows UPWK's Enterprise Value at $774.65 million (Q1 2026), $1.91 billion (Q4 2025) and $1.8 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn |
| 10 | Upwork | 1.08 Bn | -1.43 Bn | 146.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 429.06 Mn |
| Mar 31, 2026 | 774.65 Mn |
| Dec 31, 2025 | 1.91 Bn |
| Sep 30, 2025 | 1.80 Bn |
| Jun 30, 2025 | 930.47 Mn |
| Mar 31, 2025 | 907.53 Mn |
| Dec 31, 2024 | 1.39 Bn |
| Sep 30, 2024 | 575.46 Mn |
| Jun 30, 2024 | 698.28 Mn |
| Mar 31, 2024 | 914.10 Mn |
| Dec 31, 2023 | 1.49 Bn |
| Sep 30, 2023 | 808.60 Mn |
| Jun 30, 2023 | 561.10 Mn |
| Mar 31, 2023 | 816.54 Mn |
| Dec 31, 2022 | 695.31 Mn |
| Sep 30, 2022 | 938.82 Mn |
| Jun 30, 2022 | 1.84 Bn |
| Mar 31, 2022 | 2.14 Bn |
| Dec 31, 2021 | 3.73 Bn |
| Sep 30, 2021 | 4.90 Bn |
API Access
Upwork Enterprise Value 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=enterprise-value&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();