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Upwork (UPWK) Tax Rate (2017 - 2025)

Upwork has reported Tax Rate over the past 9 years, most recently at 54.08% for Q4 2025.

  • Quarterly results put Tax Rate at 54.08% for Q4 2025, up 75497.0% from a year ago — trailing twelve months through Dec 2025 was 24.63% (up 16306.0% YoY), and the annual figure for FY2025 was 24.64%, up 16305.0%.
  • Tax Rate for Q4 2025 was 54.08% at Upwork, up from 17.77% in the prior quarter.
  • Over the last five years, Tax Rate for UPWK hit a ceiling of 54.08% in Q4 2025 and a floor of 700.89% in Q4 2024.
  • Median Tax Rate over the past 5 years was 0.11% (2021), compared with a mean of 33.69%.
  • Biggest five-year swings in Tax Rate: crashed -69104bps in 2024 and later soared 75497bps in 2025.
  • Upwork's Tax Rate stood at 0.28% in 2021, then tumbled by -878bps to 2.74% in 2022, then tumbled by -259bps to 9.84% in 2023, then crashed by -7020bps to 700.89% in 2024, then soared by 108bps to 54.08% in 2025.
  • The last three reported values for Tax Rate were 54.08% (Q4 2025), 17.77% (Q3 2025), and 14.83% (Q2 2025) per Business Quant data.