Upwork (UPWK) Return on Sales [ROS] (2017 - 2026)
Upwork (UPWK) recorded Return on Sales [ROS] of 14.68% in Q2 2026, down 2.02 percentage points from 16.71% a year earlier and down 2.06 percentage points from the prior quarter.
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Analysis
Upwork (UPWK) Return on Sales [ROS] (2017 - 2026) Analysis & Trends
On a TTM basis, Upwork's Return on Sales [ROS] came in at 15.10% as of Jun 30, 2026, up 1.44 percentage points year-over-year; for FY2025, it came in at 16.41%, up 7.94 percentage points from FY2024.
- Annual Return on Sales [ROS] has increased for three straight years, with a five-year change of +22.41 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Sales [ROS] came in at 8.48% in FY2024 (+10.11 pp), -1.63% in FY2023 (+13.35 pp), -14.98% in FY2022 (-4.20 pp) and -10.78% in FY2021 (-4.79 pp).
- Quarterly Return on Sales [ROS] has ranged from -16.73% in Q1 2022 to 20.08% in Q1 2025 over the past five years.
- On a year-over-year basis, Return on Sales [ROS] rose in six of the last eight quarters, with an average year-over-year change of +4.16 percentage points.
- Peak year-over-year performance for Return on Sales [ROS] in the last five years was a gain of 22.56 percentage points in Q3 2023, against a drop of 16.55 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.74% (Q1 2026), 14.26% (Q4 2025) and 14.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 5.62% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 34.00% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 24.62% |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 13.71% |
| 10 | Upwork | 1.00 Bn | -1.51 Bn | 146.37 Mn | 14.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.68% |
| Mar 31, 2026 | 16.74% |
| Dec 31, 2025 | 14.26% |
| Sep 30, 2025 | 14.75% |
| Jun 30, 2025 | 16.71% |
| Mar 31, 2025 | 20.08% |
| Dec 31, 2024 | 7.09% |
| Sep 30, 2024 | 10.73% |
| Jun 30, 2024 | 9.21% |
| Mar 31, 2024 | 6.83% |
| Dec 31, 2023 | 4.58% |
| Sep 30, 2023 | 6.52% |
| Jun 30, 2023 | -3.63% |
| Mar 31, 2023 | -15.57% |
| Dec 31, 2022 | -12.69% |
| Sep 30, 2022 | -16.04% |
| Jun 30, 2022 | -14.69% |
| Mar 31, 2022 | -16.73% |
| Dec 31, 2021 | -15.93% |
| Sep 30, 2021 | -6.49% |
API Access
Upwork Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();