Upwork annual stock-based compensation
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2025
Upwork Stock-Based Compensation Growth & History (UPWK)
Upwork's stock-based compensation was $65.4M for fiscal 2025.
View full Upwork company overviewUpwork annual stock-based compensation history
| Fiscal year | Period ended | Stock-based compensation | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $65.4M | −$3.0M | −4.39% |
| 2024 | 2024-12-31 | $68.4M | −$5.8M | −7.82% |
| 2023 | 2023-12-31 | $74.2M | −$1.3M | −1.73% |
| 2022 | 2022-12-31 | $75.5M | $21.9M | +40.88% |
| 2021 | 2021-12-31 | $53.6M | $28.1M | +110.10% |
| 2020 | 2020-12-31 | $25.5M | $6.7M | +35.70% |
| 2019 | 2019-12-31 | $18.8M | $8.4M | +81.43% |
| 2018 | 2018-12-31 | $10.4M | $3.5M | +51.34% |
| 2017 | 2017-12-31 | $6.8M | −$420,000 | −5.78% |
| 2016 | 2016-12-31 | $7.3M | — | — |
Upwork quarterly stock-based compensation
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Q1.18
Q2.18
Q3.18
Q4.18
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Q2.19
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Q1.20
Q2.20
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Q1.21
Q2.21
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Q1.22
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Stock-based compensation | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.1M | −$1.9M | −11.60% |
| Q1 2026 | 2026-03-31 | $15.4M | $3.1M | +25.66% |
| Q4 2025 | 2025-12-31 | $17.4M | $3.7M | +27.28% |
| Q3 2025 | 2025-09-30 | $19.8M | $1.2M | +6.52% |
| Q2 2025 | 2025-06-30 | $16.0M | −$3.3M | −16.95% |
| Q1 2025 | 2025-03-31 | $12.3M | −$4.7M | −27.56% |
| Q4 2024 | 2024-12-31 | $13.6M | −$4.4M | −24.46% |
| Q3 2024 | 2024-09-30 | $18.6M | $767,000 | +4.31% |
| Q2 2024 | 2024-06-30 | $19.2M | $801,000 | +4.34% |
| Q1 2024 | 2024-03-31 | $16.9M | −$3.0M | −14.86% |
| Q4 2023 | 2023-12-31 | $18.0M | −$1.3M | −6.89% |
| Q3 2023 | 2023-09-30 | $17.8M | −$2.6M | −12.71% |
| Q2 2023 | 2023-06-30 | $18.4M | −$543,000 | −2.86% |
| Q1 2023 | 2023-03-31 | $19.9M | $3.2M | +18.91% |
| Q4 2022 | 2022-12-31 | $19.4M | $4.5M | +29.85% |
| Q3 2022 | 2022-09-30 | $20.4M | $6.5M | +46.73% |
| Q2 2022 | 2022-06-30 | $19.0M | $5.4M | +40.24% |
| Q1 2022 | 2022-03-31 | $16.7M | $5.5M | +49.07% |
| Q4 2021 | 2021-12-31 | $14.9M | $8.9M | +149.56% |
| Q3 2021 | 2021-09-30 | $13.9M | $7.0M | +102.83% |
| Q2 2021 | 2021-06-30 | $13.5M | $6.4M | +89.71% |
| Q1 2021 | 2021-03-31 | $11.2M | $5.7M | +102.75% |
| Q4 2020 | 2020-12-31 | $6.0M | −$2.0M | −24.67% |
| Q3 2020 | 2020-09-30 | $6.9M | $2.9M | +74.36% |
| Q2 2020 | 2020-06-30 | $7.1M | $4.5M | +171.15% |
| Q1 2020 | 2020-03-31 | $5.5M | $1.2M | +28.92% |
| Q4 2019 | 2019-12-31 | $7.9M | $3.2M | +69.15% |
| Q3 2019 | 2019-09-30 | $3.9M | $1.9M | +97.99% |
| Q2 2019 | 2019-06-30 | $2.6M | $838,000 | +46.74% |
| Q1 2019 | 2019-03-31 | $4.3M | $2.4M | +127.49% |
| Q4 2018 | 2018-12-31 | $4.7M | — | — |
| Q3 2018 | 2018-09-30 | $2.0M | $460,000 | +30.14% |
| Q2 2018 | 2018-06-30 | $1.8M | — | — |
| Q1 2018 | 2018-03-31 | $1.9M | — | — |
| Q3 2017 | 2017-09-30 | $1.5M | — | — |
Upwork stock-based compensation trends
Over the last five fiscal years, Upwork's stock-based compensation increased from $25.5M to $65.4M, a change of $39.9M. The latest reported quarter, Q2 2026, shows $14.1M.
About the metric
What stock-based compensation means
Stock-based compensation is the expense associated with equity awards such as restricted stock and employee options. It is a non-cash expense when recognized, but it can dilute existing shareholders unless offset by share repurchases.
Calculation and source
SEC-reported stock-based compensation
TickerStat standardizes share-based compensation reported in company SEC filings. The history shows recognized compensation expense or its cash-flow-statement adjustment, not the grant-date value of new awards or a forecast of future dilution. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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