Growth Metrics

Upwork (UPWK) FCF Margin (2017 - 2025)

Historic FCF Margin for Upwork (UPWK) over the last 9 years, with Q4 2025 value amounting to 29.1%.

  • Upwork's FCF Margin rose 101600.0% to 29.1% in Q4 2025 from the same period last year, while for Dec 2025 it was 29.06%, marking a year-over-year increase of 105200.0%. This contributed to the annual value of 29.06% for FY2025, which is 105200.0% up from last year.
  • Upwork's FCF Margin amounted to 29.1% in Q4 2025, which was up 101600.0% from 34.66% recorded in Q3 2025.
  • Upwork's FCF Margin's 5-year high stood at 34.89% during Q2 2025, with a 5-year trough of 9.75% in Q4 2021.
  • Moreover, its 5-year median value for FCF Margin was 7.96% (2022), whereas its average is 10.91%.
  • Per our database at Business Quant, Upwork's FCF Margin plummeted by -164500bps in 2021 and then surged by 181100bps in 2024.
  • Upwork's FCF Margin (Quarter) stood at 9.75% in 2021, then skyrocketed by 170bps to 6.86% in 2022, then soared by 32bps to 9.06% in 2023, then surged by 109bps to 18.94% in 2024, then soared by 54bps to 29.1% in 2025.
  • Its last three reported values are 29.1% in Q4 2025, 34.66% for Q3 2025, and 34.89% during Q2 2025.