Upwork (UPWK) Equity Average (2018 - 2026)

Upwork's Equity Average history runs 9 years deep, the most recent figure standing at $600.0 million for Q1 2026.

• In Q1 2026, Equity Average rose 2.58% year-over-year to $600.0 million; the TTM figure through Mar 2026 stood at $600.0 million (up 2.58% YoY), while the FY2025 annual figure was $602.8 million, up 26.06% from the prior year.
• Equity Average was $600.0 million for Q1 2026 at Upwork, down from $629.2 million in the prior quarter.
• In the past five years, Equity Average ranged from a high of $629.2 million in Q4 2025 to a low of $244.5 million in Q3 2022.
• Historically, Equity Average has averaged $404.7 million across 5 years, with a median of $362.0 million in 2023.
• The sharpest annual moves came in 2022 and 2025: Equity Average slipped 19.28% in 2022, then jumped 69.44% in 2025.
• A 5-year view of Equity Average shows it stood at $245.7 million in 2022, then jumped by 47.32% to $362.0 million in 2023, then soared by 36.26% to $493.3 million in 2024, then advanced by 27.56% to $629.2 million in 2025, then dropped by 4.65% to $600.0 million in 2026.
• The last three Equity Average figures came in at $600.0 million (Q1 2026), $629.2 million (Q4 2025), and $618.4 million (Q3 2025), per Business Quant data.