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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 - 2025)

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

  • Quarterly results put FCF Margin at 32.13% for Q4 2025, up 1665.0% from a year ago — trailing twelve months through Dec 2025 was 31.51% (up 1297.0% YoY), and the annual figure for FY2025 was 31.51%, up 1297.0%.
  • FCF Margin for Q4 2025 was 32.13% at Upwork, down from 39.6% in the prior quarter.
  • Over the last five years, FCF Margin for UPWK hit a ceiling of 39.6% in Q3 2025 and a floor of 12.42% in Q4 2021.
  • Median FCF Margin over the past 5 years was 6.97% (2022), compared with a mean of 11.44%.
  • Biggest five-year swings in FCF Margin: plummeted -1852bps in 2021 and later skyrocketed 1781bps in 2024.
  • Upwork's FCF Margin stood at 12.42% in 2021, then skyrocketed by 130bps to 3.73% in 2022, then grew by 17bps to 4.37% in 2023, then soared by 254bps to 15.48% in 2024, then surged by 108bps to 32.13% in 2025.
  • The last three reported values for FCF Margin were 32.13% (Q4 2025), 39.6% (Q3 2025), and 36.61% (Q2 2025) per Business Quant data.