Growth Metrics

Upwork (UPWK) Shares Outstanding (Diluted Average) (2019 - 2025)

Upwork has reported Shares Outstanding (Diluted Average) over the past 7 years, most recently at $140.7 million for Q4 2025.

  • Quarterly results put Shares Outstanding (Diluted Average) at $140.7 million for Q4 2025, down 1.74% from a year ago — trailing twelve months through Dec 2025 was $140.7 million (down 1.74% YoY), and the annual figure for FY2025 was $140.7 million, down 1.74%.
  • Shares Outstanding (Diluted Average) for Q4 2025 was $140.7 million at Upwork, roughly flat from $140.9 million in the prior quarter.
  • Over the last five years, Shares Outstanding (Diluted Average) for UPWK hit a ceiling of $143.7 million in Q1 2024 and a floor of $125.3 million in Q1 2021.
  • Median Shares Outstanding (Diluted Average) over the past 5 years was $135.6 million (2023), compared with a mean of $135.1 million.
  • Biggest five-year swings in Shares Outstanding (Diluted Average): rose 8.77% in 2021 and later decreased 1.74% in 2025.
  • Upwork's Shares Outstanding (Diluted Average) stood at $127.2 million in 2021, then grew by 2.64% to $130.5 million in 2022, then rose by 5.17% to $137.3 million in 2023, then rose by 4.29% to $143.2 million in 2024, then decreased by 1.74% to $140.7 million in 2025.
  • The last three reported values for Shares Outstanding (Diluted Average) were $140.7 million (Q4 2025), $140.9 million (Q3 2025), and $141.9 million (Q2 2025) per Business Quant data.