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 for Q1 2026 stood at 19.78%, 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.
• The 5-year median for Return on Capital Employed is 3.68% (2024), against an average of 1.93%.
• The sharpest annual moves came in 2022 and 2024: Return on Capital Employed sank 588 bps in 2022, then surged 1856 bps in 2024.
• Upwork's Return on Capital Employed stood at 11.13% in 2022, then soared by 86 bps to 1.59% in 2023, then jumped by 571 bps to 7.51% in 2024, then jumped by 163 bps to 19.73% in 2025, then rose by 0 bps to 19.78% in 2026.
• Business Quant data shows UPWK's Return on Capital Employed at 19.78% in Q1 2026, 19.73% in Q4 2025, and 18.31% in Q3 2025.