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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) Gross Margin (2017 - 2025)

Upwork (UPWK) has 9 years of Gross Margin data on record, last reported at 77.99% in Q4 2025.

  • For Q4 2025, Gross Margin rose 26.0% year-over-year to 77.99%; the TTM value through Dec 2025 reached 77.82%, up 45.0%, while the annual FY2025 figure was 77.82%, 45.0% up from the prior year.
  • Gross Margin reached 77.99% in Q4 2025 per UPWK's latest filing, up from 77.28% in the prior quarter.
  • Across five years, Gross Margin topped out at 78.31% in Q1 2025 and bottomed at 72.74% in Q3 2021.
  • Average Gross Margin over 5 years is 75.51%, with a median of 75.22% recorded in 2023.
  • Peak YoY movement for Gross Margin: surged 267bps in 2024, then tumbled -32bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 72.93% in 2021, then increased by 2bps to 74.51% in 2022, then rose by 1bps to 75.06% in 2023, then rose by 4bps to 77.73% in 2024, then grew by 0bps to 77.99% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 77.99% in Q4 2025, 77.28% in Q3 2025, and 77.72% in Q2 2025.