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Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
20.08
+0.50 (2.55%)
At close: Dec 5, 2025, 4:00 PM EST
20.07
-0.01 (-0.05%)
After-hours: Dec 5, 2025, 7:41 PM EST

Upwork Operating Metrics

Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018
Active Clients
794.00K 796.00K 812.00K 832.00K 855.00K 868.00K 872.00K 851.00K - - - - - - - - - - - -
Active Clients Growth
-7.13% -8.29% -6.88% -2.23% 2.27% 5.60% 5.44% 4.55% - - - - - - - - - - - -
Enterprise Revenue
105.68M 104.96M 107.02M 107.22M 105.83M 91.50M 79.45M 64.25M - - - - - - - -
Enterprise Revenue Growth
-0.15% 14.72% 34.70% 66.89% 109.16% 79.40% 62.15% 32.74% - - - - - - - -
Gross Services Volume
4.00B 3.98B 3.99B 4.01B 4.09B 4.12B 4.15B 4.14B
Gross Services Volume Growth
-2.12% -3.34% -3.88% -3.23% -0.31% 0.54% 1.02% 0.92%
Gross Services Volume Per Client
5.04K 5.00K 4.91K 4.82K 4.78K 4.99K 4.76K 4.82K - - - - - - - - - - - -
Gross Services Volume Per Client Growth
5.33% 0.30% 3.26% -0.06% -2.55% - -4.23% -4.50% - - - - - - - - - - - -
New Enterprise Clients
- - - 21.00 42.00 46.00 28.00 31.00 23.00 19.00 25.00 - - - - - - - -
New Enterprise Clients Growth
- - - -32.26% 82.61% 142.11% 12.00% 19.23% -8.00% -47.22% -21.88% - - - - - - - -
Take Rate
18.90% 18.50% 18.30% 19.30% 18.30% 19.15% 17.70% 17.20% - - - - - - - - -

Revenue by Segment
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019
Marketplace Revenue
675.18M 667.95M 664.07M 662.11M 655.94M 650.34M 640.19M 623.95M
Marketplace Revenue Growth
2.93% 2.71% 3.73% 6.12% 6.80% 8.83% 9.39% 10.12%
Enterprise Revenue
105.68M 104.96M 107.02M 107.22M 105.83M 93.39M 79.03M 65.19M
Enterprise Revenue Growth
-0.15% 12.39% 35.43% 64.47% 101.80% 79.77% 50.41% 26.13%

Operating Expense Breakdown
Period Ending Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019
Research and Development
191.98M 194.90M 202.52M 209.28M 202.01M 195.02M 185.80M 177.36M
Research and Development Growth
-4.96% -0.06% 9.00% 18.00% 16.90% 15.88% 15.49% 14.76%
Sales and Marketing
151.34M 162.45M 173.11M 185.21M 190.58M 191.80M 203.53M 220.68M
Sales and Marketing Growth
-20.59% -15.30% -14.95% -16.07% -18.61% -23.29% -19.94% -10.61%
General and Administrative
140.57M 130.59M 124.85M 128.80M 125.20M 122.58M 121.64M 118.93M
General and Administrative Growth
12.27% 6.53% 2.64% 8.31% 7.01% 2.36% -1.98% -4.06%
Provision for Transaction Losses
8.65M 8.06M 8.06M 6.73M 6.61M 6.43M 7.20M 12.98M
Provision for Transaction Losses Growth
30.91% 25.27% 11.90% -48.15% -61.34% -74.90% -75.77% -48.41%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.