Growth Metrics

Upwork (UPWK) Operating Income (2017 - 2026)

Upwork has reported Operating Income over the past 9 years, most recently at $28.3 million for Q4 2025.

  • For Q4 2025, Operating Income rose 108.3% year-over-year to $28.3 million; the TTM value through Dec 2025 reached $129.3 million, up 98.31%, while the annual FY2025 figure was $129.3 million, 98.31% up from the prior year.
  • Operating Income for Q4 2025 was $28.3 million at Upwork, down from $29.8 million in the prior quarter.
  • Over five years, Operating Income peaked at $38.7 million in Q1 2025 and troughed at -$25.4 million in Q3 2022.
  • A 5-year average of $1.8 million and a median of $1.2 million in 2023 define the central range for Operating Income.
  • Biggest five-year swings in Operating Income: tumbled 3424.39% in 2021 and later soared 390.73% in 2024.
  • Year by year, Operating Income stood at -$21.8 million in 2021, then rose by 6.08% to -$20.5 million in 2022, then soared by 141.15% to $8.4 million in 2023, then skyrocketed by 61.17% to $13.6 million in 2024, then skyrocketed by 108.3% to $28.3 million in 2025.
  • Business Quant data shows Operating Income for UPWK at $28.3 million in Q4 2025, $29.8 million in Q3 2025, and $32.6 million in Q2 2025.