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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) FCF Margin (2017 - 2026)

Upwork has reported FCF Margin over the past 9 years, most recently at 32.13% for Q4 2025.

  • For Q4 2025, FCF Margin rose 1665.0% year-over-year to 32.13%; the TTM value through Dec 2025 reached 31.51%, up 1297.0%, while the annual FY2025 figure was 31.51%, 1297.0% up from the prior year.
  • FCF Margin for Q4 2025 was 32.13% at Upwork, down from 39.6% in the prior quarter.
  • Over five years, FCF Margin peaked at 39.6% in Q3 2025 and troughed at 12.42% in Q4 2021.
  • A 5-year average of 11.44% and a median of 6.97% in 2022 define the central range for FCF Margin.
  • Biggest five-year swings in FCF Margin: tumbled -1852bps in 2021 and later surged 1781bps in 2024.
  • Year by year, FCF Margin stood at 12.42% in 2021, then surged by 130bps to 3.73% in 2022, then increased by 17bps to 4.37% in 2023, then skyrocketed by 254bps to 15.48% in 2024, then soared by 108bps to 32.13% in 2025.
  • Business Quant data shows FCF Margin for UPWK at 32.13% in Q4 2025, 39.6% in Q3 2025, and 36.61% in Q2 2025.