Growth Metrics

Upwork (UPWK) Operating Income (2017 - 2025)

Upwork (UPWK) has 9 years of Operating Income data on record, last reported at $28.3 million in 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 reached $28.3 million in Q4 2025 per UPWK's latest filing, down from $29.8 million in the prior quarter.
  • Across five years, Operating Income topped out at $38.7 million in Q1 2025 and bottomed at -$25.4 million in Q3 2022.
  • Average Operating Income over 5 years is $1.8 million, with a median of $1.2 million recorded in 2023.
  • Peak YoY movement for Operating Income: tumbled 3424.39% in 2021, then soared 390.73% in 2024.
  • A 5-year view of Operating Income shows it stood at -$21.8 million in 2021, then grew by 6.08% to -$20.5 million in 2022, then skyrocketed by 141.15% to $8.4 million in 2023, then surged by 61.17% to $13.6 million in 2024, then surged by 108.3% to $28.3 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Income were $28.3 million in Q4 2025, $29.8 million in Q3 2025, and $32.6 million in Q2 2025.