Upwork (UPWK) Price to Earnings (2023 - 2026)
Upwork's Price to Earnings was 10.25 in Q2 2026, up 41.2% from 7.26 a year earlier but down 17.4% from the prior quarter.
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Analysis
Upwork (UPWK) Price to Earnings (2023 - 2026) Analysis & Trends
For FY2025, Price to Earnings at Upwork came in at 22.42, up 118.4% from FY2024.
- In earlier years, Price to Earnings was 10.26 in FY2024 (-76.4%) and 43.54 in FY2023.
- Quarterly Price to Earnings has moved between 7.26 (Q2 2025) and 118.82 (Q3 2023) over five years.
- Compared with a year earlier, Price to Earnings has increased for three straight quarters, with an average decline of 14.5% over the last eight quarters.
- The best year-over-year quarter for Price to Earnings over five years was Q4 2025 (growth of 118.4%); the worst was Q3 2024 (a decline of 86.3%).
- Per Business Quant data, UPWK's Price to Earnings in the three quarters before Q2 2026 was 12.41 (Q1 2026), 22.42 (Q4 2025) and 9.88 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn |
| 10 | Upwork | 1.00 Bn | -1.51 Bn | 146.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.25 |
| Mar 31, 2026 | 12.41 |
| Dec 31, 2025 | 22.42 |
| Sep 30, 2025 | 9.88 |
| Jun 30, 2025 | 7.26 |
| Mar 31, 2025 | 7.45 |
| Dec 31, 2024 | 10.26 |
| Sep 30, 2024 | 16.26 |
| Jun 30, 2024 | 19.08 |
| Mar 31, 2024 | 33.89 |
| Dec 31, 2023 | 43.54 |
| Sep 30, 2023 | 118.82 |
API Access
Upwork Price to Earnings 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=price-to-earnings&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();