Upwork (UPWK) Tax Provisions (2017 - 2026)
Upwork's Tax Provisions was $6.7 million in Q2 2026, up 17.2% from $5.72 million a year earlier and up 7.2% from the prior quarter.
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Analysis
Upwork (UPWK) Tax Provisions (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Upwork's Tax Provisions was $37.71 million through Jun 30, 2026; for FY2025, it came in at $37.75 million.
- Tax Provisions shows a five-year compound annual growth rate of 202.1% (FY2020 to FY2025).
- In earlier years, Tax Provisions was -$125.16 million in FY2024, $1.99 million in FY2023 (+271.3%), $536,000 in FY2022 (+339.3%) and $122,000 in FY2021 (-18.7%).
- Quarterly Tax Provisions has moved between -$128.8 million (Q4 2024) and $18.42 million (Q4 2025) over five years.
- Compared with a year earlier, Tax Provisions was higher in five of the last six quarters, with growth averaging 219.6%.
- The best year-over-year quarter for Tax Provisions over five years was Q4 2022 (growth of 598.4%); the worst was Q2 2024 (a decline of 35.4%).
- Per Business Quant data, UPWK's Tax Provisions in the three quarters before Q2 2026 was $6.25 million (Q1 2026), $18.42 million (Q4 2025) and $6.34 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 26.56 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 2.91 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 667.17 Mn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | -1.89 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 273.00 Mn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 840.00 Mn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 610.00 Mn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | -898.00 Mn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 203.41 Mn |
| 10 | Upwork | 1.02 Bn | -1.49 Bn | 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 |
API Access
Upwork Tax Provisions 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=tax-provisions&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();