Upwork (UPWK) Net Income (2017 - 2026)
Upwork (UPWK) recorded Net Income of $25.4 million in Q2 2026, down 22.4% from $32.73 million a year earlier and down 19.3% from the prior quarter.
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Analysis
Upwork (UPWK) Net Income (2017 - 2026) Analysis & Trends
On a TTM basis, Upwork's Net Income came in at $101.83 million as of Jun 30, 2026, down 58.5% year-over-year; for FY2025, it was $115.43 million, down 46.5% from FY2024.
- Across earlier years, Net Income came in at $215.59 million in FY2024 (+359.8%), $46.89 million in FY2023, -$89.89 million in FY2022 and -$56.24 million in FY2021.
- Quarterly Net Income has ranged from -$24.83 million in Q3 2022 to $147.17 million in Q4 2024 over the past five years.
- On a year-over-year basis, Net Income has declined for three consecutive quarters, with growth averaging 105.8% over the last eight quarters.
- Peak year-over-year performance for Net Income in the last five years was growth of 747.1% in Q4 2024, against a decline of 89.4% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $31.46 million (Q1 2026), $15.63 million (Q4 2025) and $29.34 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 112.19 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 15.85 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 3.40 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 1.53 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 1.50 Bn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 2.42 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 1.95 Bn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 6.96 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 633.49 Mn |
| 10 | Upwork | 1.02 Bn | -1.49 Bn | 146.37 Mn | 25.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.40 Mn |
| Mar 31, 2026 | 31.46 Mn |
| Dec 31, 2025 | 15.63 Mn |
| Sep 30, 2025 | 29.34 Mn |
| Jun 30, 2025 | 32.73 Mn |
| Mar 31, 2025 | 37.71 Mn |
| Dec 31, 2024 | 147.17 Mn |
| Sep 30, 2024 | 27.76 Mn |
| Jun 30, 2024 | 22.20 Mn |
| Mar 31, 2024 | 18.44 Mn |
| Dec 31, 2023 | 17.37 Mn |
| Sep 30, 2023 | 16.34 Mn |
| Jun 30, 2023 | -3.99 Mn |
| Mar 31, 2023 | 17.17 Mn |
| Dec 31, 2022 | -16.50 Mn |
| Sep 30, 2022 | -24.83 Mn |
| Jun 30, 2022 | -23.82 Mn |
| Mar 31, 2022 | -24.74 Mn |
| Dec 31, 2021 | -22.56 Mn |
| Sep 30, 2021 | -9.31 Mn |
API Access
Upwork Net Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-income&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-income&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();