Upwork (UPWK) Return on Assets [ROA] (2018 - 2026)
Upwork's Return on Assets [ROA] came in at 8.09% for Q2 2026, down 11.52 percentage points from 19.61% a year earlier and down 0.50 percentage points from the prior quarter.
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Analysis
Upwork (UPWK) Return on Assets [ROA] (2018 - 2026) Analysis & Trends
For FY2025, Upwork's Return on Assets [ROA] was 9.19%, down 9.98 percentage points from FY2024.
- Return on Assets [ROA] carries a five-year change of +13.88 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was 19.17% in FY2024 (+14.74 pp), 4.43% in FY2023 (+12.75 pp), -8.32% in FY2022 (-1.33 pp) and -6.99% in FY2021 (-2.30 pp).
- The Q2 2026 figure represents the lowest quarterly Return on Assets [ROA] since Q2 2024.
- Year-over-year, Return on Assets [ROA] has declined for three consecutive quarters, with an average year-over-year change of +3.32 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q1 2025 (a gain of 14.43 percentage points), and the weakest in Q2 2026 (a drop of 11.52 percentage points).
- Business Quant data shows UPWK's Return on Assets [ROA] at 8.59% (Q1 2026), 8.84% (Q4 2025) and 19.19% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | 30.04% |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | 22.85% |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | 3.57% |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 13.49% |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | 15.38% |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | 25.12% |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | 22.73% |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | 24.85% |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | 9.68% |
| 10 | Upwork | 1.04 Bn | -1.47 Bn | 146.37 Mn | 8.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.09% |
| Mar 31, 2026 | 8.59% |
| Dec 31, 2025 | 8.84% |
| Sep 30, 2025 | 19.19% |
| Jun 30, 2025 | 19.61% |
| Mar 31, 2025 | 19.16% |
| Dec 31, 2024 | 18.96% |
| Sep 30, 2024 | 8.28% |
| Jun 30, 2024 | 7.40% |
| Mar 31, 2024 | 4.73% |
| Dec 31, 2023 | 4.69% |
| Sep 30, 2023 | 1.38% |
| Jun 30, 2023 | -3.05% |
| Mar 31, 2023 | -4.80% |
| Dec 31, 2022 | -8.32% |
| Sep 30, 2022 | -8.83% |
| Jun 30, 2022 | -7.33% |
| Mar 31, 2022 | -6.71% |
| Dec 31, 2021 | -5.17% |
| Sep 30, 2021 | -3.94% |
API Access
Upwork Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();