Upwork (UPWK) Operating Expenses (2017 - 2025)
Historic Operating Expenses for Upwork (UPWK) over the last 9 years, with Q4 2025 value amounting to $126.4 million.
- Upwork's Operating Expenses fell 651.71% to $126.4 million in Q4 2025 from the same period last year, while for Dec 2025 it was $483.7 million, marking a year-over-year decrease of 873.54%. This contributed to the annual value of $483.7 million for FY2025, which is 873.54% down from last year.
- According to the latest figures from Q4 2025, Upwork's Operating Expenses is $126.4 million, which was down 651.71% from $126.1 million recorded in Q3 2025.
- In the past 5 years, Upwork's Operating Expenses ranged from a high of $145.5 million in Q1 2023 and a low of $90.9 million during Q1 2021
- Over the past 5 years, Upwork's median Operating Expenses value was $128.3 million (recorded in 2022), while the average stood at $125.8 million.
- Per our database at Business Quant, Upwork's Operating Expenses soared by 5851.74% in 2021 and then tumbled by 1607.02% in 2025.
- Upwork's Operating Expenses (Quarter) 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 fell by 6.52% to $126.4 million in 2025.
- Its Operating Expenses was $126.4 million in Q4 2025, compared to $126.1 million in Q3 2025 and $118.9 million in Q2 2025.