Upwork UPWK
NASDAQ UPWK
$9.03 +0.01 (+0.17%)
As of: Aug 31, 2026 · 3:59 PM EDT

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 Reddit 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 Pinterest 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

Historic Data

Download Data
DateValue
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