Upwork (UPWK) Return on Assets [ROA] (2018 - 2026)
Upwork's Return on Assets [ROA] came in at 9.46% for Q3 2026, down 9.74 percentage points from 19.19% a year earlier but up 1.37 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 five-year range for quarterly Return on Assets [ROA] is -8.83% (Q3 2022) to 19.61% (Q2 2025).
- Year-over-year, Return on Assets [ROA] has declined for four consecutive quarters, with an average year-over-year change of +1.24 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 8.09% (Q2 2026), 8.59% (Q1 2026) and 8.84% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 24.48% |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 16.20% |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 25.21% |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | 3.56% |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 14.59% |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 5.24% |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 59.50% |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 21.55% |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 24.77% |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn | 9.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.46% |
| 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% |
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();