Upwork annual gross profit
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Upwork Gross Profit Growth & History (UPWK)
Upwork's gross profit was $613.0M for fiscal 2025.
View full Upwork company overviewUpwork annual gross profit history
| Fiscal year | Period ended | Gross profit | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $613.0M | $17.8M | +2.99% |
| 2024 | 2024-12-31 | $595.2M | $76.5M | +14.76% |
| 2023 | 2023-12-31 | $518.7M | $60.8M | +13.27% |
| 2022 | 2022-12-31 | $457.9M | $90.6M | +24.67% |
| 2021 | 2021-12-31 | $367.3M | $97.9M | +36.36% |
| 2020 | 2020-12-31 | $269.4M | $56.9M | +26.81% |
| 2019 | 2019-12-31 | $212.4M | $40.5M | +23.57% |
| 2018 | 2018-12-31 | $171.9M | $34.8M | +25.37% |
| 2017 | 2017-12-31 | $137.1M | $35.2M | +34.60% |
| 2016 | 2016-12-31 | $101.9M | — | — |
Upwork quarterly gross profit
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross profit | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $146.4M | −$5.1M | −3.39% |
| Q1 2026 | 2026-03-31 | $150.8M | −$58,000 | −0.04% |
| Q4 2025 | 2025-12-31 | $154.7M | $5.9M | +3.96% |
| Q3 2025 | 2025-09-30 | $155.9M | $5.5M | +3.67% |
| Q2 2025 | 2025-06-30 | $151.5M | $2.2M | +1.49% |
| Q1 2025 | 2025-03-31 | $150.9M | $4.2M | +2.83% |
| Q4 2024 | 2024-12-31 | $148.8M | $10.8M | +7.80% |
| Q3 2024 | 2024-09-30 | $150.4M | $17.9M | +13.52% |
| Q2 2024 | 2024-06-30 | $149.3M | $21.5M | +16.87% |
| Q1 2024 | 2024-03-31 | $146.7M | $26.3M | +21.85% |
| Q4 2023 | 2023-12-31 | $138.1M | $17.8M | +14.78% |
| Q3 2023 | 2023-09-30 | $132.5M | $14.3M | +12.09% |
| Q2 2023 | 2023-06-30 | $127.7M | $11.7M | +10.07% |
| Q1 2023 | 2023-03-31 | $120.4M | $17.0M | +16.45% |
| Q4 2022 | 2022-12-31 | $120.3M | $20.5M | +20.52% |
| Q3 2022 | 2022-09-30 | $118.2M | $25.0M | +26.78% |
| Q2 2022 | 2022-06-30 | $116.0M | $24.9M | +27.38% |
| Q1 2022 | 2022-03-31 | $103.4M | $20.2M | +24.34% |
| Q4 2021 | 2021-12-31 | $99.8M | $22.4M | +28.99% |
| Q3 2021 | 2021-09-30 | $93.2M | $23.1M | +32.87% |
| Q2 2021 | 2021-06-30 | $91.1M | $29.0M | +46.64% |
| Q1 2021 | 2021-03-31 | $83.2M | $23.5M | +39.30% |
| Q4 2020 | 2020-12-31 | $77.4M | $20.0M | +34.91% |
| Q3 2020 | 2020-09-30 | $70.2M | $14.6M | +26.35% |
| Q2 2020 | 2020-06-30 | $62.1M | $9.9M | +19.02% |
| Q1 2020 | 2020-03-31 | $59.7M | $12.4M | +26.10% |
| Q4 2019 | 2019-12-31 | $57.4M | $10.9M | +23.44% |
| Q3 2019 | 2019-09-30 | $55.5M | $11.9M | +27.32% |
| Q2 2019 | 2019-06-30 | $52.2M | $10.0M | +23.61% |
| Q1 2019 | 2019-03-31 | $47.4M | $7.8M | +19.57% |
| Q4 2018 | 2018-12-31 | $46.5M | — | — |
| Q3 2018 | 2018-09-30 | $43.6M | $8.2M | +23.30% |
| Q2 2018 | 2018-06-30 | $42.2M | — | — |
| Q1 2018 | 2018-03-31 | $39.6M | — | — |
| Q3 2017 | 2017-09-30 | $35.4M | — | — |
Upwork gross profit trends
Over the last five fiscal years, Upwork's gross profit increased from $269.4M to $613.0M, a change of $343.7M. The latest reported quarter, Q2 2026, shows $146.4M.
About the metric
What gross profit means
Gross profit is the amount of revenue remaining after the direct costs of producing and delivering a company’s goods or services. It helps show the dollars available to cover operating expenses before operating income, interest, and taxes.
Calculation and source
SEC-reported and calculated gross profit
TickerStat uses gross profit reported in company SEC filings when available. Otherwise, it calculates gross profit as SEC-reported revenue minus aligned cost of revenue for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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