Upwork (UPWK) Tax Rate (2017 - 2026)

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.