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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 - 2025)

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

  • Quarterly results put Net Margin at 7.88% for Q4 2025, down 6896.0% from a year ago — trailing twelve months through Dec 2025 was 14.65% (down 1337.0% YoY), and the annual figure for FY2025 was 14.65%, down 1337.0%.
  • Net Margin for Q4 2025 was 7.88% at Upwork, down from 14.54% in the prior quarter.
  • Over the last five years, Net Margin for UPWK hit a ceiling of 76.84% in Q4 2024 and a floor of 17.5% in Q1 2022.
  • Median Net Margin over the past 5 years was 8.59% (2023), compared with a mean of 4.78%.
  • Biggest five-year swings in Net Margin: soared 6739bps in 2024 and later crashed -6896bps in 2025.
  • Upwork's Net Margin stood at 16.48% in 2021, then surged by 38bps to 10.22% in 2022, then surged by 192bps to 9.45% in 2023, then skyrocketed by 713bps to 76.84% in 2024, then crashed by -90bps to 7.88% in 2025.
  • The last three reported values for Net Margin were 7.88% (Q4 2025), 14.54% (Q3 2025), and 16.8% (Q2 2025) per Business Quant data.