Upwork (UPWK) Return on Capital Employed (2018 - 2026)

Upwork's Return on Capital Employed history runs 9 years deep, the most recent figure standing at 19.78% for Q1 2026.

• In Q1 2026, Return on Capital Employed rose 1023.0% year-over-year to 19.78%; the TTM figure through Mar 2026 stood at 19.78% (up 1023.0% YoY), while the FY2025 annual figure was 21.36%, up 1374.0% from the prior year.
• Return on Capital Employed was 19.78% for Q1 2026 at Upwork, roughly flat from 19.73% in the prior quarter.
• In the past five years, Return on Capital Employed ranged from a high of 19.78% in Q1 2026 to a low of 12.66% in Q1 2023.
• Historically, Return on Capital Employed has averaged 1.93% across 5 years, with a median of 3.68% in 2024.
• The sharpest annual moves came in 2022 and 2024: Return on Capital Employed slumped 588 bps in 2022, then soared 1856 bps in 2024.
• A 5-year view of Return on Capital Employed shows it stood at 11.13% in 2022, then jumped by 86 bps to 1.59% in 2023, then surged by 571 bps to 7.51% in 2024, then surged by 163 bps to 19.73% in 2025, then gained by 0 bps to 19.78% in 2026.
• The last three Return on Capital Employed figures came in at 19.78% (Q1 2026), 19.73% (Q4 2025), and 18.31% (Q3 2025), per Business Quant data.