Upwork (UPWK) Tax Rate (2017 - 2026)
Upwork (UPWK) posted quarterly Tax Rate of 16.57% for Q1 2026, up 40.0% year-over-year from 11.84% in Q1 2025, and down 69.42% quarter-over-quarter from 54.18% in Q4 2025.
Upwork (UPWK) Tax Rate (2017 - 2026) Analysis & Trends
Upwork's Tax Rate history runs 10 years deep, the most recent figure standing at 16.57% for Q1 2026.
- In Q1 2026, Tax Rate rose 40.0% year-over-year to 16.57%; the TTM figure through Mar 2026 stood at 25.17% (up 12822.0% YoY), while the FY2025 annual figure was 24.64%, up 16305.0% from the prior year.
- Tax Rate for Q1 2026 stood at 16.57%, down from 54.18% in the prior quarter.
- The five-year high for Tax Rate was 54.18% in Q4 2025, with the low at 701.08% in Q4 2024.
- The 5-year median for Tax Rate is 4.43% (2023), against an average of 38.61%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 69123 bps in 2024, then surged 75526 bps in 2025.
- Upwork's Tax Rate stood at 2.74% in 2022, then sank by 259 bps to 9.84% in 2023, then plunged by 7022 bps to 701.08% in 2024, then soared by 108 bps to 54.18% in 2025, then plunged by 69 bps to 16.57% in 2026.
- Business Quant data shows UPWK's Tax Rate at 16.57% in Q1 2026, 54.18% in Q4 2025, and 17.66% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,178.85 Bn | 3,749.81 Bn | 73.85 Bn | 19.14% |
| 2 | Meta Platforms | 1,530.61 Bn | 1,440.35 Bn | 49.47 Bn | 15.50% |
| 3 | Taboola.com | 1,136.28 Bn | 1,136.15 Bn | 139.48 Mn | 40.80% |
| 4 | Baidu | 288.32 Bn | 283.82 Bn | 1.88 Mn | 13.72% |
| 5 | Spotify Technology | 103.08 Bn | 92.84 Bn | 1.75 Bn | 23.05% |
| 6 | Joyy | 77.33 Bn | 76.44 Bn | 205.64 Mn | -3.36% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 21.00% |
| 8 | Nebius | 49.08 Bn | 39.45 Bn | 295.20 Mn | - |
| 9 | 30.08 Bn | 27.29 Bn | 734.60 Mn | 1.55% | |
| 10 | Upwork | 1.08 Bn | 498.36 Mn | 150.84 Mn | 16.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.57% |
| Mar 31, 2026 | 16.57% |
| Mar 31, 2026 | 16.57% |
| Dec 31, 2025 | 54.18% |
| Dec 31, 2025 | 54.18% |
| Dec 31, 2025 | 54.18% |
| Sep 30, 2025 | 17.66% |
| Sep 30, 2025 | 17.66% |
| Sep 30, 2025 | 17.66% |
| Jun 30, 2025 | 14.87% |
| Jun 30, 2025 | 14.87% |
| Jun 30, 2025 | 14.87% |
| Mar 31, 2025 | 16.17% |
| Mar 31, 2025 | 16.17% |
| Mar 31, 2025 | 16.17% |
| Dec 31, 2024 | -701.08% |
| Dec 31, 2024 | -701.08% |
| Dec 31, 2024 | -701.08% |
| Sep 30, 2024 | 3.90% |
| Sep 30, 2024 | 3.90% |