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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) Net Margin (2017 - 2026)

Upwork has reported Net Margin over the past 9 years, most recently at 7.88% for Q4 2025.

  • For Q4 2025, Net Margin fell 6896.0% year-over-year to 7.88%; the TTM value through Dec 2025 reached 14.65%, down 1337.0%, while the annual FY2025 figure was 14.65%, 1337.0% down from the prior year.
  • Net Margin for Q4 2025 was 7.88% at Upwork, down from 14.54% in the prior quarter.
  • Over five years, Net Margin peaked at 76.84% in Q4 2024 and troughed at 17.5% in Q1 2022.
  • A 5-year average of 4.78% and a median of 8.59% in 2023 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: skyrocketed 6739bps in 2024 and later plummeted -6896bps in 2025.
  • Year by year, Net Margin stood at 16.48% in 2021, then soared by 38bps to 10.22% in 2022, then soared by 192bps to 9.45% in 2023, then surged by 713bps to 76.84% in 2024, then plummeted by -90bps to 7.88% in 2025.
  • Business Quant data shows Net Margin for UPWK at 7.88% in Q4 2025, 14.54% in Q3 2025, and 16.8% in Q2 2025.