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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 26.56 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 2.91 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 203.41 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 13.70 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 3.99 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -4.76 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -76.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -2.49 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 44.10 Mn |
| 10 | Upwork | 1.12 Bn | 501.02 Mn | 146.37 Mn | 6.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.70 Mn |
| Mar 31, 2026 | 6.25 Mn |
| Dec 31, 2025 | 18.42 Mn |
| Sep 30, 2025 | 6.34 Mn |
| Jun 30, 2025 | 5.72 Mn |
| Mar 31, 2025 | 7.30 Mn |
| Dec 31, 2024 | -128.80 Mn |
| Sep 30, 2024 | 1.13 Mn |
| Jun 30, 2024 | 1.20 Mn |
| Mar 31, 2024 | 1.33 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 |