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

Upwork (UPWK) has reported Return on Capital Employed for 9 consecutive years, with 19.78% the latest figure, recorded in 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 came in at 19.78% for Q1 2026 at Upwork, roughly flat from 19.73% in the prior quarter.
• The five-year high for Return on Capital Employed was 19.78% in Q1 2026, with the low at 12.66% in Q1 2023.
• Average Return on Capital Employed over 5 years is 1.93%, with a median of 3.68% recorded in 2024.
• Across the five-year window, Return on Capital Employed tumbled 588 bps in 2022 and soared 1856 bps in 2024, its largest moves.
• Year by year, Return on Capital Employed 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 grew by 0 bps to 19.78% in 2026.
• According to Business Quant data, Return on Capital Employed over the past three periods registered 19.78%, 19.73%, and 18.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.