Upwork (UPWK) Net Income (2017 - 2026)
Upwork (UPWK) posted quarterly Net Income of $31.5 million for Q1 2026, down 16.62% year-over-year from $37.7 million in Q1 2025, and up 101.66% quarter-over-quarter from $15.6 million in Q4 2025.
Upwork (UPWK) Net Income (2017 - 2026) Analysis & Trends
Upwork's Net Income history runs 10 years deep, the most recent figure standing at $31.5 million for Q1 2026.
- In Q1 2026, Net Income fell 16.62% year-over-year to $31.5 million; the TTM figure through Mar 2026 stood at $109.2 million (down 53.52% YoY), while the FY2025 annual figure was $115.4 million, down 46.46% from the prior year.
- Net Income for Q1 2026 stood at $31.5 million, up from $15.6 million in the prior quarter.
- The five-year high for Net Income was $147.2 million in Q4 2024, with the low at -$24.8 million in Q3 2022.
- The 5-year median for Net Income is $17.4 million (2023), against an average of $18.8 million.
- The sharpest annual moves came in 2022 and 2024: Net Income sank 215.74% in 2022, then surged 747.05% in 2024.
- Upwork's Net Income stood at -$16.5 million in 2022, then soared by 205.3% to $17.4 million in 2023, then soared by 747.05% to $147.2 million in 2024, then slumped by 89.4% to $15.6 million in 2025, then jumped by 101.66% to $31.5 million in 2026.
- Business Quant data shows UPWK's Net Income at $31.5 million in Q1 2026, $15.6 million in Q4 2025, and $29.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,205.76 Bn | 3,776.73 Bn | 73.85 Bn | 112.19 Bn |
| 2 | Meta Platforms | 1,535.63 Bn | 1,445.37 Bn | 49.47 Bn | 15.85 Bn |
| 3 | Taboola.com | 1,134.89 Bn | 1,134.76 Bn | 139.48 Mn | 4.32 Mn |
| 4 | Baidu | 289.12 Bn | 284.63 Bn | 1.88 Mn | 475.12 Mn |
| 5 | Spotify Technology | 103.02 Bn | 92.78 Bn | 1.75 Bn | 844.11 Mn |
| 6 | Joyy | 77.60 Bn | 76.71 Bn | 205.64 Mn | -168.19 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 80,765.00 |
| 8 | Nebius | 49.48 Bn | 39.86 Bn | 295.20 Mn | 2.11 |
| 9 | 30.46 Bn | 27.68 Bn | 734.60 Mn | 252.85 Mn | |
| 10 | Upwork | 1.09 Bn | 514.38 Mn | 150.84 Mn | 31.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.46 Mn |
| Dec 31, 2025 | 15.60 Mn |
| Sep 30, 2025 | 29.38 Mn |
| Jun 30, 2025 | 32.73 Mn |
| Mar 31, 2025 | 37.73 Mn |
| Dec 31, 2024 | 147.17 Mn |
| Sep 30, 2024 | 27.76 Mn |
| Jun 30, 2024 | 22.20 Mn |
| Mar 31, 2024 | 18.47 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 |
| Jun 30, 2021 | -16.54 Mn |