Upwork (UPWK) Price to Sales (2018 - 2026)
Upwork's Price to Sales came in at 1.33 for Q2 2026, down 42.5% from 2.30 a year earlier and down 22.6% from the prior quarter.
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Analysis
Upwork (UPWK) Price to Sales (2018 - 2026) Analysis & Trends
For FY2025, Upwork's Price to Sales was 3.28, up 14.2% from FY2024.
- Going back by year, Price to Sales was 2.88 in FY2024 (-2.9%), 2.96 in FY2023 (+32.5%), 2.23 in FY2022 (-74.5%) and 8.77 in FY2021 (-23.9%).
- The Q2 2026 figure represents the lowest quarterly Price to Sales in data going back to Q4 2018.
- Year-over-year, Price to Sales increased in three of the last eight quarters, with growth averaging 1.8%.
- The fastest year-over-year change in Price to Sales over five years came in Q3 2021 (growth of 99.8%), and the weakest in Q3 2022 (a decline of 75.4%).
- Business Quant data shows UPWK's Price to Sales at 1.71 (Q1 2026), 3.28 (Q4 2025) and 3.12 (Q3 2025) in the three quarters before Q2 2026.
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 | 1.33 |
| Mar 31, 2026 | 1.71 |
| Dec 31, 2025 | 3.28 |
| Sep 30, 2025 | 3.12 |
| Jun 30, 2025 | 2.30 |
| Mar 31, 2025 | 2.27 |
| Dec 31, 2024 | 2.88 |
| Sep 30, 2024 | 1.83 |
| Jun 30, 2024 | 1.91 |
| Mar 31, 2024 | 2.27 |
| Dec 31, 2023 | 2.96 |
| Sep 30, 2023 | 2.32 |
| Jun 30, 2023 | 1.94 |
| Mar 31, 2023 | 2.37 |
| Dec 31, 2022 | 2.23 |
| Sep 30, 2022 | 3.01 |
| Jun 30, 2022 | 4.79 |
| Mar 31, 2022 | 5.68 |
| Dec 31, 2021 | 8.77 |
| Sep 30, 2021 | 12.23 |
API Access
Upwork Price to Sales 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-sales&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();