Upwork, Inc (UPWK) Tax Rate (2017 - 2026)

Upwork (UPWK) has reported Tax Rate for 10 consecutive years, with 16.44% the latest figure, recorded in Q1 2026.

• In Q1 2026, Tax Rate rose 27.0% year-over-year to 16.44%; the TTM figure through Mar 2026 stood at 25.11% (up 12813.0% YoY), while the FY2025 annual figure was 24.64%, up 16305.0% from the prior year.
• Tax Rate came in at 16.44% for Q1 2026 at Upwork, down from 54.08% in the prior quarter.
• The five-year high for Tax Rate was 54.08% in Q4 2025, with the low at 700.89% in Q4 2024.
• Average Tax Rate over 5 years is 38.61%, with a median of 4.43% recorded in 2023.
• Across the five-year window, Tax Rate sank 69104 bps in 2024 and jumped 75497 bps in 2025, its largest moves.
• Year by year, Tax Rate stood at 2.74% in 2022, then tumbled by 259 bps to 9.84% in 2023, then plunged by 7020 bps to 700.89% in 2024, then surged by 108 bps to 54.08% in 2025, then tumbled by 70 bps to 16.44% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 16.44%, 54.08%, and 17.66% for Q1 2026, Q4 2025, and Q3 2025 respectively.