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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 Q3 2025 value amounting to 14.75%.

  • Upwork's Operating Margin rose 40200.0% to 14.75% in Q3 2025 from the same period last year, while for Sep 2025 it was 14.68%, marking a year-over-year increase of 67900.0%. This contributed to the annual value of 8.48% for FY2024, which is 101100.0% up from last year.
  • Upwork's Operating Margin amounted to 14.75% in Q3 2025, which was up 40200.0% from 16.71% recorded in Q2 2025.
  • Upwork's Operating Margin's 5-year high stood at 20.08% during Q1 2025, with a 5-year trough of 16.73% in Q1 2022.
  • Its 5-year average for Operating Margin is 1.33%, with a median of 3.63% in 2023.
  • As far as peak fluctuations go, Upwork's Operating Margin crashed by -165500bps in 2021, and later 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 soared by 108bps to 14.75% in 2025.
  • Its last three reported values are 14.75% in Q3 2025, 16.71% for Q2 2025, and 20.08% during Q1 2025.