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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 (UPWK) has 9 years of Net Margin data on record, last reported at 7.86% in Q4 2025.

  • For Q4 2025, Net Margin fell 6899.0% year-over-year to 7.86%; 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 reached 7.86% in Q4 2025 per UPWK's latest filing, down from 14.56% in the prior quarter.
  • Across five years, Net Margin topped out at 76.86% in Q4 2024 and bottomed at 17.5% in Q1 2022.
  • Average Net Margin over 5 years is 4.78%, with a median of 8.58% recorded in 2023.
  • Peak YoY movement for Net Margin: skyrocketed 6741bps in 2024, then plummeted -6899bps in 2025.
  • A 5-year view of Net Margin shows it stood at 16.48% in 2021, then skyrocketed by 38bps to 10.22% in 2022, then skyrocketed by 192bps to 9.45% in 2023, then surged by 714bps to 76.86% in 2024, then plummeted by -90bps to 7.86% in 2025.
  • Per Business Quant database, its latest 3 readings for Net Margin were 7.86% in Q4 2025, 14.56% in Q3 2025, and 16.8% in Q2 2025.