TTM
77.5%
YoY change
+0.45pp
Trough year (2016)
61.9%
Peak year (2025)
77.8%
Latest annual
77.8%
Gross Margin history chart for Upwork (UPWK) from 2016 to 2025
Latest: 77.8%
Gross Margin change chart for Upwork (UPWK) from 2016 to 2025
Latest: +0.45pp
Gross Margin history table for Upwork (UPWK) from 2016 to 2025
| 2025 | 77.8% | +0.45pp | ||
| 2024 | 77.4% | +2.10pp | ||
| 2023 | 75.3% | +1.21pp | ||
| 2022 | 74.1% | +1.01pp | ||
| 2021 | 73.0% | +0.96pp | ||
| 2020 | 72.1% | +1.42pp | ||
| 2019 | 70.7% | +2.83pp | ||
| 2018 | 67.8% | +0.16pp | ||
| 2017 | 67.7% | +5.74pp | ||
| 2016 | 61.9% | — |
- 202577.8%+0.45pp
- 202477.4%+2.10pp
- 202375.3%+1.21pp
- 202274.1%+1.01pp
- 202173.0%+0.96pp
- 202072.1%+1.42pp
- 201970.7%+2.83pp
- 201867.8%+0.16pp
- 201767.7%+5.74pp
- 201661.9%—
Gross Margin values are taken from Upwork's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Upwork (UPWK)
According to Upwork's latest reported financial statements, the company's latest reported gross margin is 77.5%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Upwork (UPWK) gross margin totalled 77.82% – expanded 0.4 percentage points year-over-year.
The highest annual gross margin of 77.82% was reported in 2025. The lowest in the available history was 61.95% in 2016.
Upwork Gross Margin by Year
Upwork Gross Margin 2025: 77.8%
Upwork gross margin in 2025 was 77.82%, expanded 0.4 percentage points from 2024. This figure represents the highest annual value in the available history.
Upwork Gross Margin 2024: 77.4%
2024's gross margin for Upwork came in at 77.37%, expanded 2.1 percentage points from 2023.
Upwork Gross Margin 2023: 75.3%
Upwork posted gross margin of 75.27% in 2023, expanded 1.2 percentage points from 2022.
Upwork Gross Margin 2022: 74.1%
In 2022, Upwork reported gross margin of 74.06%, expanded 1.0 percentage points from 2021.
Upwork Gross Margin 2021: 73.0%
Upwork gross margin in 2021 was 73.05%.
See more financial history for Upwork (UPWK).
Sector peers by Gross Margin
Industrials peers of Upwork (UPWK), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
Upwork (UPWK) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation