Upwork, Inc (UPWK) FCF Margin (2017 - 2026)

Upwork (UPWK) has reported FCF Margin for 10 consecutive years, with 7.48% the latest figure, recorded in Q1 2026.

• In Q1 2026, FCF Margin fell 1125.0% year-over-year to 7.48%; the TTM figure through Mar 2026 stood at 26.24% (up 400.0% YoY), while the FY2025 annual figure was 29.06%, up 956.0% from the prior year.
• FCF Margin came in at 7.48% for Q1 2026 at Upwork, down from 22.38% in the prior quarter.
• The five-year high for FCF Margin was 37.62% in Q2 2025, with the low at 8.33% in Q1 2022.
• Average FCF Margin over 5 years is 13.61%, with a median of 10.58% recorded in 2023.
• Across the five-year window, FCF Margin soared 2099 bps in 2024 and slumped 1125 bps in 2026, its largest moves.
• Year by year, FCF Margin stood at 6.86% in 2022, then soared by 54 bps to 10.58% in 2023, then surged by 75 bps to 18.47% in 2024, then rose by 21 bps to 22.38% in 2025, then sank by 67 bps to 7.48% in 2026.
• According to Business Quant data, FCF Margin over the past three periods registered 7.48%, 22.38%, and 37.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.