Upwork (UPWK) Shares Outstanding (Entity) (2017 - 2026)
Upwork (UPWK) recorded Shares Outstanding (Entity) of 125.69 million in Q3 2026, down 4.3% from 131.39 million a year earlier but up 0.7% from the prior quarter.
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Analysis
Upwork (UPWK) Shares Outstanding (Entity) (2017 - 2026) Analysis & Trends
For FY2025, Upwork reported Shares Outstanding (Entity) of 130.55 million, down 3.5% from FY2024.
- Annual Shares Outstanding (Entity) has a five-year compound annual growth rate of 0.9% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Entity) came in at 135.35 million in FY2024 (-1.4%), 137.27 million in FY2023 (+3.7%), 132.37 million in FY2022 (+2.5%) and 129.13 million in FY2021 (+3.5%).
- Quarterly Shares Outstanding (Entity) has ranged from 123.57 million in Q1 2026 to 137.27 million in Q4 2023 over the past five years.
- On a year-over-year basis, Shares Outstanding (Entity) has declined for five consecutive quarters, with an average decline of 2.9% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding (Entity) in the last five years was growth of 3.7% in Q4 2023, against a decline of 7.8% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 124.8 million (Q2 2026), 123.57 million (Q1 2026) and 130.55 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | - |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 2.56 Bn |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 4.11 Bn |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | - |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 1.29 Bn |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 2.04 Bn |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 331.32 Mn |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 743.70 Mn |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn | 125.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 125.69 Mn |
| Jun 30, 2026 | 124.80 Mn |
| Mar 31, 2026 | 123.57 Mn |
| Dec 31, 2025 | 130.55 Mn |
| Sep 30, 2025 | 131.39 Mn |
| Jun 30, 2025 | 132.51 Mn |
| Mar 31, 2025 | 134.05 Mn |
| Dec 31, 2024 | 135.35 Mn |
| Sep 30, 2024 | 133.50 Mn |
| Jun 30, 2024 | 132.01 Mn |
| Mar 31, 2024 | 133.12 Mn |
| Dec 31, 2023 | 137.27 Mn |
| Sep 30, 2023 | 136.11 Mn |
| Jun 30, 2023 | 134.88 Mn |
| Mar 31, 2023 | 133.46 Mn |
| Dec 31, 2022 | 132.37 Mn |
| Sep 30, 2022 | 131.34 Mn |
| Jun 30, 2022 | 130.53 Mn |
| Mar 31, 2022 | 129.65 Mn |
| Dec 31, 2021 | 129.13 Mn |
API Access
Upwork Shares Outstanding (Entity) 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=shares-outstanding-entity&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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=shares-outstanding-entity&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();