Upwork UPWK
NASDAQ UPWK
$9.72 -0.30 (-2.99%)
At close: Nov 9, 2026 · 4:00 PM EST

Upwork (UPWK) Share-based Compensation (2017 - 2026)

Updated

Upwork (UPWK) reported Share-based Compensation of $9.17 million for Q3 2026, down 53.6% from $19.79 million a year earlier and down 35.0% from the prior quarter.

Analysis

Upwork (UPWK) Share-based Compensation (2017 - 2026) Analysis & Trends

Over the twelve months ended Sep 30, 2026, Upwork's Share-based Compensation came in at $56.07 million, down 9.1% year-over-year; for FY2025, it was $65.39 million, down 4.4% from FY2024.

  • Share-based Compensation has declined for three consecutive years, though with a five-year compound annual growth rate of 20.7% (FY2020 to FY2025).
  • By year, Share-based Compensation came in at $68.39 million in FY2024 (-7.8%), $74.2 million in FY2023 (-1.7%), $75.5 million in FY2022 (+40.9%) and $53.59 million in FY2021 (+110.1%).
  • The Q3 2026 figure ranks as the lowest quarterly Share-based Compensation since Q4 2020.
  • Year over year, Share-based Compensation gained in three of the last eight quarters, with an average decline of 9.3%.
  • The high point for year-over-year Share-based Compensation in five years was Q4 2021 (growth of 149.6%); the low point was Q3 2026 (a decline of 53.6%).
  • Per Business Quant data, the three quarters before Q3 2026 came in at $14.12 million (Q2 2026), $15.42 million (Q1 2026) and $17.35 million (Q4 2025).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Stock Comp. (Qtr)
1 Alphabet 3,505.75 Bn 3,240.65 Bn 76.16 Bn 8.63 Bn
2 Meta Platforms 1,636.37 Bn 1,300.89 Bn 51.23 Bn 7.36 Bn
3 Netflix 264.79 Bn 226.09 Bn 6.80 Bn 134.00 Mn
4 Alibaba Group Holding 244.49 Bn 58.13 Bn 15.16 Bn 437.00 Mn
5 Shopify 196.00 Bn 174.81 Bn 1.78 Bn 140.00 Mn
6 Uber Technologies 145.16 Bn 115.98 Bn 6.42 Bn 591.00 Mn
7 AppLovin 136.87 Bn 125.40 Bn 1.94 Bn 84.16 Mn
8 Spotify Technology 125.04 Bn 81.96 Bn 1.89 Bn 100.09 Mn
9 Booking Holdings 122.68 Bn 56.42 Bn - 146.00 Mn
10 Upwork 1.22 Bn -951.96 Mn 141.30 Mn 9.17 Mn
Historic Data

Historic Data

Download Data
DateValue
Sep 30, 2026 9.17 Mn
Jun 30, 2026 14.12 Mn
Mar 31, 2026 15.42 Mn
Dec 31, 2025 17.35 Mn
Sep 30, 2025 19.79 Mn
Jun 30, 2025 15.98 Mn
Mar 31, 2025 12.27 Mn
Dec 31, 2024 13.63 Mn
Sep 30, 2024 18.58 Mn
Jun 30, 2024 19.24 Mn
Mar 31, 2024 16.94 Mn
Dec 31, 2023 18.05 Mn
Sep 30, 2023 17.81 Mn
Jun 30, 2023 18.44 Mn
Mar 31, 2023 19.90 Mn
Dec 31, 2022 19.38 Mn
Sep 30, 2022 20.40 Mn
Jun 30, 2022 18.98 Mn
Mar 31, 2022 16.74 Mn
Dec 31, 2021 14.93 Mn
API Access

Upwork Share-based Compensation 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=share-based-compensation&ticker=UPWK&period=max&api_key=YOUR_API_KEY