Upwork (UPWK) Share-based Compensation (2017 - 2026)
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.
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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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();