Upwork (UPWK) Operating Income (2017 - 2026)

Upwork's Operating Income history runs 10 years deep, the most recent figure standing at $32.7 million for Q1 2026.

• In Q1 2026, Operating Income fell 15.44% year-over-year to $32.7 million; the TTM figure through Mar 2026 stood at $123.3 million (up 35.76% YoY), while the FY2025 annual figure was $129.3 million, up 98.31% from the prior year.
• Operating Income was $32.7 million for Q1 2026 at Upwork, up from $28.3 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of $38.7 million in Q1 2025 to a low of -$25.4 million in Q3 2022.
• Historically, Operating Income has averaged $7.3 million across 5 years, with a median of $13.0 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Income slumped 207.29% in 2022, then soared 390.73% in 2024.
• A 5-year view of Operating Income shows it stood at -$20.5 million in 2022, then jumped 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, then gained by 15.64% to $32.7 million in 2026.
• The last three Operating Income figures came in at $32.7 million (Q1 2026), $28.3 million (Q4 2025), and $29.8 million (Q3 2025), per Business Quant data.