Upwork (UPWK) Operating Income (2017 - 2026)
Upwork's Operating Income came in at $34.59 million for Q3 2026, up 16.2% from $29.76 million a year earlier and up 22.9% from the prior quarter.
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Analysis
Upwork (UPWK) Operating Income (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Upwork reported Operating Income of $123.74 million, up 8.0% 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 Q3 2026 figure represents the highest quarterly Operating Income since Q1 2025.
- Year-over-year, Operating Income increased in six of the last eight quarters, with growth averaging 59.9%.
- 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 $28.14 million (Q2 2026), $32.72 million (Q1 2026) and $28.29 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 40.58 Bn |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 12.99 Bn |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 4.46 Bn |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | 2.23 Bn |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 568.00 Mn |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 1.45 Bn |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 1.71 Bn |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 773.09 Mn |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 3.42 Bn |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn | 34.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 34.59 Mn |
| 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 |
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();