Upwork (UPWK) Other Operating Expenses (2017 - 2026)
Upwork's Other Operating Expenses was $25.59 million in Q3 2026, down 34.4% from $39.03 million a year earlier and down 29.0% from the prior quarter.
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Analysis
Upwork (UPWK) Other Operating Expenses (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Upwork's Other Operating Expenses was $141.1 million through Sep 30, 2026, down 20.8% year-over-year; for FY2025, it came in at $162.34 million, down 28.5% from FY2024.
- Other Operating Expenses has now declined for three consecutive years, though with a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- In earlier years, Other Operating Expenses was $227.13 million in FY2024 (-5.6%), $240.57 million in FY2023 (-9.6%), $266.19 million in FY2022 (+53.9%) and $172.92 million in FY2021 (+49.1%).
- The Q3 2026 figure marks the lowest quarterly Other Operating Expenses since Q4 2019.
- Compared with a year earlier, Other Operating Expenses has declined for seven straight quarters, with an average decline of 19.7% over the last eight quarters.
- The best year-over-year quarter for Other Operating Expenses over five years was Q4 2021 (growth of 81.8%); the worst was Q3 2026 (a decline of 34.4%).
- Per Business Quant data, UPWK's Other Operating Expenses in the three quarters before Q3 2026 was $36.07 million (Q2 2026), $38.33 million (Q1 2026) and $41.11 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.01 Mn |
| Jun 30, 2026 | 37.46 Mn |
| Mar 31, 2026 | 39.66 Mn |
| Dec 31, 2025 | 37.72 Mn |
| Sep 30, 2025 | 37.38 Mn |
| Jun 30, 2025 | 38.44 Mn |
| Mar 31, 2025 | 38.01 Mn |
| Dec 31, 2024 | 46.17 Mn |
| Sep 30, 2024 | 47.89 Mn |
| Jun 30, 2024 | 49.11 Mn |
| Mar 31, 2024 | 48.78 Mn |
| Dec 31, 2023 | 51.42 Mn |
| Sep 30, 2023 | 48.92 Mn |
| Jun 30, 2023 | 61.62 Mn |
| Mar 31, 2023 | 71.70 Mn |
| Dec 31, 2022 | 69.02 Mn |
| Sep 30, 2022 | 73.31 Mn |
| Jun 30, 2022 | 69.94 Mn |
| Mar 31, 2022 | 59.77 Mn |
| Dec 31, 2021 | 57.03 Mn |
API Access
Upwork Other Operating Expenses 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=other-operating-expenses&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "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=other-operating-expenses&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();