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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Upwork (UPWK) Operating Margin (2017 - 2025)

Historic Operating Margin for Upwork (UPWK) over the last 9 years, with Q4 2025 value amounting to 14.26%.

  • Upwork's Operating Margin rose 71700.0% to 14.26% in Q4 2025 from the same period last year, while for Dec 2025 it was 16.41%, marking a year-over-year increase of 79400.0%. This contributed to the annual value of 16.41% for FY2025, which is 79400.0% up from last year.
  • Upwork's Operating Margin amounted to 14.26% in Q4 2025, which was up 71700.0% from 14.75% recorded in Q3 2025.
  • In the past 5 years, Upwork's Operating Margin registered a high of 20.08% during Q1 2025, and its lowest value of 16.73% during Q1 2022.
  • Moreover, its 5-year median value for Operating Margin was 0.48% (2023), whereas its average is 0.55%.
  • Its Operating Margin has fluctuated over the past 5 years, first crashed by -165500bps in 2021, then skyrocketed by 225600bps in 2023.
  • Over the past 5 years, Upwork's Operating Margin (Quarter) stood at 15.93% in 2021, then grew by 20bps to 12.69% in 2022, then surged by 136bps to 4.58% in 2023, then skyrocketed by 55bps to 7.09% in 2024, then skyrocketed by 101bps to 14.26% in 2025.
  • Its last three reported values are 14.26% in Q4 2025, 14.75% for Q3 2025, and 16.71% during Q2 2025.