Upwork (UPWK) Tax Provisions (2017 - 2026)
Upwork (UPWK) posted quarterly Tax Provisions of $6.2 million for Q1 2026, down 14.13% year-over-year from $7.3 million in Q1 2025, and down 66.13% quarter-over-quarter from $18.4 million in Q4 2025.
Upwork (UPWK) Tax Provisions (2017 - 2026) Analysis & Trends
Upwork's Tax Provisions history runs 10 years deep, the most recent figure standing at $6.2 million for Q1 2026.
- In Q1 2026, Tax Provisions fell 14.13% year-over-year to $6.2 million; the TTM figure through Mar 2026 stood at $36.7 million (up 130.8% YoY), while the FY2025 annual figure was $37.8 million, up 130.16% from the prior year.
- Tax Provisions for Q1 2026 stood at $6.2 million, down from $18.4 million in the prior quarter.
- The five-year high for Tax Provisions was $18.4 million in Q4 2025, with the low at -$128.8 million in Q4 2024.
- The 5-year median for Tax Provisions is $1.1 million (2024), against an average of -$4.6 million.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions surged 6777.78% in 2023, then plunged 8172.0% in 2024.
- Upwork's Tax Provisions stood at $440000.0 in 2022, then tumbled by 453.86% to -$1.6 million in 2023, then slumped by 8172.0% to -$128.8 million in 2024, then jumped by 114.33% to $18.4 million in 2025, then tumbled by 66.13% to $6.2 million in 2026.
- Business Quant data shows UPWK's Tax Provisions at $6.2 million in Q1 2026, $18.4 million in Q4 2025, and $6.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,228.49 Bn | 3,799.45 Bn | 73.85 Bn | 26.56 Bn |
| 2 | Meta Platforms | 1,535.92 Bn | 1,445.66 Bn | 49.47 Bn | 2.91 Bn |
| 3 | Taboola.com | 1,134.89 Bn | 1,134.76 Bn | 139.48 Mn | 2.98 Mn |
| 4 | Baidu | 289.51 Bn | 285.02 Bn | 1.88 Mn | 76.00 Mn |
| 5 | Spotify Technology | 102.68 Bn | 92.45 Bn | 1.75 Bn | 252.88 Mn |
| 6 | Joyy | 77.91 Bn | 77.02 Bn | 205.64 Mn | -1.37 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 21,469.00 |
| 8 | Nebius | 49.37 Bn | 39.74 Bn | 295.20 Mn | - |
| 9 | 30.48 Bn | 27.69 Bn | 734.60 Mn | 3.99 Mn | |
| 10 | Upwork | 1.10 Bn | 523.99 Mn | 150.84 Mn | 6.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.25 Mn |
| Dec 31, 2025 | 18.45 Mn |
| Sep 30, 2025 | 6.30 Mn |
| Jun 30, 2025 | 5.72 Mn |
| Mar 31, 2025 | 7.28 Mn |
| Dec 31, 2024 | -128.80 Mn |
| Sep 30, 2024 | 1.13 Mn |
| Jun 30, 2024 | 1.20 Mn |
| Mar 31, 2024 | 1.30 Mn |
| Dec 31, 2023 | -1.56 Mn |
| Sep 30, 2023 | 895,000.00 |
| Jun 30, 2023 | 1.86 Mn |
| Mar 31, 2023 | 795,000.00 |
| Dec 31, 2022 | 440,000.00 |
| Sep 30, 2022 | 40,000.00 |
| Jun 30, 2022 | 27,000.00 |
| Mar 31, 2022 | 29,000.00 |
| Dec 31, 2021 | 63,000.00 |
| Sep 30, 2021 | 26,000.00 |
| Jun 30, 2021 | 16,000.00 |