Upwork (UPWK) Tax Rate (2020 - 2026)
Upwork (UPWK) recorded Tax Rate of 17.47% in Q3 2026, down 0.30 percentage points from 17.77% a year earlier and down 3.40 percentage points from the prior quarter.
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Analysis
Upwork (UPWK) Tax Rate (2020 - 2026) Analysis & Trends
On a TTM basis, Upwork's Tax Rate came in at 26.75% as of Sep 30, 2026; for FY2025, it came in at 24.65%.
- Across earlier years, Tax Rate came in at 4.07% in FY2023.
- Quarterly Tax Rate has ranged from 3.90% in Q3 2024 to 54.09% in Q4 2025 over the past five years.
- On a year-over-year basis, Tax Rate rose in five of the last six quarters, with an average year-over-year change of +6.53 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 13.87 percentage points in Q3 2025, against a drop of 1.30 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.87% (Q2 2026), 16.57% (Q1 2026) and 54.09% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 18.20% |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 24.16% |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 15.13% |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | - |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 7.41% |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 28.54% |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 17.49% |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 26.52% |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 20.63% |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn | 17.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.47% |
| Jun 30, 2026 | 20.87% |
| Mar 31, 2026 | 16.57% |
| Dec 31, 2025 | 54.09% |
| Sep 30, 2025 | 17.77% |
| Jun 30, 2025 | 14.87% |
| Mar 31, 2025 | 16.22% |
| Sep 30, 2024 | 3.90% |
| Jun 30, 2024 | 5.13% |
| Mar 31, 2024 | 6.72% |
| Sep 30, 2023 | 5.19% |
| Mar 31, 2023 | 4.43% |
| Dec 31, 2020 | 9.14% |
API Access
Upwork Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();