Upwork (UPWK) Operating Leases (2019 - 2026)

Upwork's Operating Leases history runs 8 years deep, the most recent figure standing at $15.2 million for Q1 2026.

• In Q1 2026, Operating Leases rose 46.34% year-over-year to $15.2 million; the TTM figure through Mar 2026 stood at $15.2 million (up 46.34% YoY), while the FY2025 annual figure was $9.7 million, down 13.26% from the prior year.
• Operating Leases for Q1 2026 stood at $15.2 million, up from $9.7 million in the prior quarter.
• The five-year high for Operating Leases was $15.4 million in Q1 2022, with the low at $4.4 million in Q2 2024.
• The 5-year median for Operating Leases is $10.1 million (2025), against an average of $10.0 million.
• The sharpest annual moves came in 2024 and 2025: Operating Leases sank 46.47% in 2024, then surged 135.25% in 2025.
• Upwork's Operating Leases stood at $11.2 million in 2022, then plunged by 45.53% to $6.1 million in 2023, then jumped by 83.82% to $11.2 million in 2024, then declined by 13.26% to $9.7 million in 2025, then soared by 56.56% to $15.2 million in 2026.
• Business Quant data shows UPWK's Operating Leases at $15.2 million in Q1 2026, $9.7 million in Q4 2025, and $10.1 million in Q3 2025.