Upwork (UPWK) Operating Income (2017 - 2026)
Upwork's Operating Income came in at $28.14 million for Q2 2026, down 13.6% from $32.57 million a year earlier and down 14.0% from the prior quarter.
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Analysis
Upwork (UPWK) Operating Income (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Upwork reported Operating Income of $118.91 million, up 12.6% year-over-year; for FY2025, it was $129.31 million, up 98.3% from FY2024.
- Going back by year, Operating Income was $65.21 million in FY2024, -$11.26 million in FY2023, -$92.62 million in FY2022 and -$54.22 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Operating Income since Q4 2024.
- Year-over-year, Operating Income increased in six of the last eight quarters, with growth averaging 68.1%.
- The fastest year-over-year change in Operating Income over five years came in Q1 2025 (growth of 196.5%), and the weakest in Q1 2026 (a decline of 15.4%).
- Business Quant data shows UPWK's Operating Income at $32.72 million (Q1 2026), $28.29 million (Q4 2025) and $29.76 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 40.77 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 18.78 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 4.19 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 2.23 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 488.00 Mn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 1.89 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 2.50 Bn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 4.09 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 761.35 Mn |
| 10 | Upwork | 1.02 Bn | -1.49 Bn | 146.37 Mn | 28.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.14 Mn |
| Mar 31, 2026 | 32.72 Mn |
| Dec 31, 2025 | 28.29 Mn |
| Sep 30, 2025 | 29.76 Mn |
| Jun 30, 2025 | 32.57 Mn |
| Mar 31, 2025 | 38.69 Mn |
| Dec 31, 2024 | 13.58 Mn |
| Sep 30, 2024 | 20.79 Mn |
| Jun 30, 2024 | 17.78 Mn |
| Mar 31, 2024 | 13.05 Mn |
| Dec 31, 2023 | 8.43 Mn |
| Sep 30, 2023 | 11.47 Mn |
| Jun 30, 2023 | -6.12 Mn |
| Mar 31, 2023 | -25.04 Mn |
| Dec 31, 2022 | -20.48 Mn |
| Sep 30, 2022 | -25.44 Mn |
| Jun 30, 2022 | -23.05 Mn |
| Mar 31, 2022 | -23.65 Mn |
| Dec 31, 2021 | -21.81 Mn |
| Sep 30, 2021 | -8.32 Mn |
API Access
Upwork Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();