Growth Metrics

Upwork (UPWK) Tax Rate (2017 - 2025)

Upwork (UPWK) has 9 years of Tax Rate data on record, last reported at 54.19% in Q4 2025.

  • For Q4 2025, Tax Rate rose 75526.0% year-over-year to 54.19%; the TTM value through Dec 2025 reached 24.65%, up 16304.0%, while the annual FY2025 figure was 24.65%, 16305.0% up from the prior year.
  • Tax Rate reached 54.19% in Q4 2025 per UPWK's latest filing, up from 17.66% in the prior quarter.
  • Across five years, Tax Rate topped out at 54.19% in Q4 2025 and bottomed at 701.08% in Q4 2024.
  • Average Tax Rate over 5 years is 33.69%, with a median of 0.11% recorded in 2021.
  • Peak YoY movement for Tax Rate: crashed -69123bps in 2024, then soared 75526bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 0.28% in 2021, then plummeted by -878bps to 2.74% in 2022, then plummeted by -259bps to 9.84% in 2023, then plummeted by -7022bps to 701.08% in 2024, then surged by 108bps to 54.19% in 2025.
  • Per Business Quant database, its latest 3 readings for Tax Rate were 54.19% in Q4 2025, 17.66% in Q3 2025, and 14.83% in Q2 2025.