Buyback yield (TTM)
15.01%
Shareholder yield (TTM)
15.01%
5Y share count change
17.5%
Buyback spend (TTM)
$210.80M
Cumulative buybacks
$255.17M
Key takeaways
- Upwork (UPWK) repurchased about $210.80M of stock over the trailing twelve months.
- Diluted share count is up 17.5% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 4.32× — repurchases more than cover SBC dilution.
- TTM repurchases used about 94% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Upwork (UPWK)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Upwork (UPWK)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Upwork (UPWK)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Upwork (UPWK)
Latest: $135.96M
Overview
2025's annual buyback spend for Upwork (UPWK) came in at $135.96M – surged 36.0% year-over-year.
The record annual buyback spend stands at $135.96M, reached in 2025; the historical low of $0.00 was recorded in 2016.
Upwork Buyback Spend 2025: $135.96M
2025's buyback spend for Upwork came in at $135.96M, surged 36.0% from 2024. This figure represents the highest annual value in the available history.
Upwork Buyback Spend 2024: $100.00M
Upwork buyback spend in 2024 was $100.00M.
Upwork Buyback Spend 2023: $0.00
Upwork buyback spend in 2023 was $0.00.
Upwork Buyback Spend 2022: $0.00
Upwork buyback spend in 2022 was $0.00.
Upwork Buyback Spend 2021: $0.00
Upwork buyback spend in 2021 was $0.00.
See more financial history for Upwork (UPWK).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $135.96M | $65.39M | $70.57M | 5.25% | 0.14B | -2.6% | |
| 2024 | $100.00M | $68.39M | $31.61M | 4.56% | 0.14B | +4.3% | |
| 2023 | $0.00 | $74.19M | −$74.19M | — | 0.14B | +5.2% | |
| 2022 | $0.00 | $75.50M | −$75.50M | — | 0.13B | +2.6% | |
| 2021 | $0.00 | $53.59M | −$53.59M | — | 0.13B | +7.1% | |
| 2020 | $0.00 | $25.51M | −$25.51M | — | 0.12B | +8.1% | |
| 2019 | $0.00 | $18.80M | −$18.80M | — | 0.11B | +5.9% | |
| 2018 | $0.00 | $10.36M | −$10.36M | — | 0.10B | +8.1% | |
| 2017 | $19.21M | $6.85M | $12.36M | 0.95% | 0.10B | +195.3% | |
| 2016 | $0.00 | $7.27M | −$7.27M | — | 0.03B | — |
- 2025$135.96M
- 2024$100.00M
- 2023$0.00
- 2022$0.00
- 2021$0.00
- 2020$0.00
- 2019$0.00
- 2018$0.00
- 2017$19.21M
- 2016$0.00
Buybacks vs stock-based compensation for Upwork (UPWK)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 4.32×.
Buybacks vs dividends (share of cash returned) for Upwork (UPWK)
How Upwork splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Upwork, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $224.11M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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