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Upwork (UPWK) Operating Expenses (2017 - 2025)

Historic Operating Expenses for Upwork (UPWK) over the last 9 years, with Q3 2025 value amounting to $126.1 million.

  • Upwork's Operating Expenses fell 265.95% to $126.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $492.5 million, marking a year-over-year decrease of 607.62%. This contributed to the annual value of $530.0 million for FY2024, which is 1.49% up from last year.
  • Latest data reveals that Upwork reported Operating Expenses of $126.1 million as of Q3 2025, which was down 265.95% from $118.9 million recorded in Q2 2025.
  • Upwork's Operating Expenses' 5-year high stood at $145.5 million during Q1 2023, with a 5-year trough of $90.9 million in Q1 2021.
  • Its 5-year average for Operating Expenses is $125.8 million, with a median of $129.6 million in 2024.
  • In the last 5 years, Upwork's Operating Expenses soared by 5851.74% in 2021 and then tumbled by 1607.02% in 2025.
  • Quarter analysis of 5 years shows Upwork's Operating Expenses stood at $121.6 million in 2021, then increased by 15.75% to $140.8 million in 2022, then fell by 7.9% to $129.6 million in 2023, then rose by 4.34% to $135.3 million in 2024, then dropped by 6.75% to $126.1 million in 2025.
  • Its last three reported values are $126.1 million in Q3 2025, $118.9 million for Q2 2025, and $112.2 million during Q1 2025.