Upwork (UPWK) Profit After Tax (2017 - 2026)
Upwork (UPWK) posted quarterly Profit After Tax of $31.5 million for Q1 2026, down 16.62% year-over-year from $37.7 million in Q1 2025, and up 95.12% quarter-over-quarter from $16.1 million in Q4 2025.
Upwork (UPWK) Profit After Tax (2017 - 2026) Analysis & Trends
Upwork's Profit After Tax history runs 10 years deep, the most recent figure standing at $31.5 million for Q1 2026.
- In Q1 2026, Profit After Tax fell 16.62% year-over-year to $31.5 million; the TTM figure through Mar 2026 stood at $109.8 million (down 53.05% YoY), while the FY2025 annual figure was $115.9 million, down 46.25% from the prior year.
- Profit After Tax for Q1 2026 stood at $31.5 million, up from $16.1 million in the prior quarter.
- The five-year high for Profit After Tax was $146.2 million in Q4 2024, with the low at -$24.7 million in Q1 2022.
- The 5-year median for Profit After Tax is $18.0 million (2023), against an average of $19.1 million.
- The sharpest annual moves came in 2022 and 2024: Profit After Tax sank 215.74% in 2022, then jumped 713.53% in 2024.
- Upwork's Profit After Tax stood at -$12.4 million in 2022, then surged by 244.81% to $18.0 million in 2023, then surged by 713.53% to $146.2 million in 2024, then plunged by 88.97% to $16.1 million in 2025, then jumped by 95.12% to $31.5 million in 2026.
- Business Quant data shows UPWK's Profit After Tax at $31.5 million in Q1 2026, $16.1 million in Q4 2025, and $29.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 112.19 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 15.85 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 4.32 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 478.00 Mn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 844.11 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 51.19 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 36,036.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 621.20 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 252.85 Mn | |
| 10 | Upwork | 1.07 Bn | 490.68 Mn | 150.84 Mn | 31.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.46 Mn |
| Dec 31, 2025 | 16.12 Mn |
| Sep 30, 2025 | 29.34 Mn |
| Jun 30, 2025 | 32.90 Mn |
| Mar 31, 2025 | 37.73 Mn |
| Dec 31, 2024 | 146.21 Mn |
| Sep 30, 2024 | 27.76 Mn |
| Jun 30, 2024 | 22.22 Mn |
| Mar 31, 2024 | 18.44 Mn |
| Dec 31, 2023 | 17.97 Mn |
| Sep 30, 2023 | 16.34 Mn |
| Jun 30, 2023 | -3.69 Mn |
| Mar 31, 2023 | 17.17 Mn |
| Dec 31, 2022 | -12.41 Mn |
| Sep 30, 2022 | -24.66 Mn |
| Jun 30, 2022 | -23.82 Mn |
| Mar 31, 2022 | -24.74 Mn |
| Dec 31, 2021 | -22.53 Mn |
| Sep 30, 2021 | -9.32 Mn |
| Jun 30, 2021 | -16.54 Mn |