Upwork, Inc (UPWK) Operating Income (2017 - 2026)

Upwork (UPWK) has reported Operating Income for 10 consecutive years, with $32.7 million the latest figure, recorded in 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 came in at $32.7 million for Q1 2026 at Upwork, up from $28.3 million in the prior quarter.
• The five-year high for Operating Income was $38.7 million in Q1 2025, with the low at -$25.4 million in Q3 2022.
• Average Operating Income over 5 years is $7.3 million, with a median of $13.0 million recorded in 2024.
• Across the five-year window, Operating Income tumbled 207.29% in 2022 and soared 390.73% in 2024, its largest moves.
• Year by year, Operating Income 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 grew by 15.64% to $32.7 million in 2026.
• According to Business Quant data, Operating Income over the past three periods registered $32.7 million, $28.3 million, and $29.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.