TTM
$612.97M
YoY change
+3.0%
5Y CAGR
+17.9%
Peak year (2025)
$613.03M
Cumulative gross profit
$3.60B
Gross Profit history chart for Upwork (UPWK) from 2016 to 2025
Latest: $613.03M
Gross Profit growth chart for Upwork (UPWK) from 2016 to 2025
Latest: +3.0%
Gross Profit history table for Upwork (UPWK) from 2016 to 2025
| 2025 | $613.03M | +3.0% | +$17.80M | ||
| 2024 | $595.23M | +14.8% | +$76.55M | ||
| 2023 | $518.69M | +13.3% | +$60.77M | ||
| 2022 | $457.92M | +24.7% | +$90.63M | ||
| 2021 | $367.29M | +36.4% | +$97.93M | ||
| 2020 | $269.36M | +26.8% | +$56.94M | ||
| 2019 | $212.42M | +23.6% | +$40.52M | ||
| 2018 | $171.90M | +25.4% | +$34.79M | ||
| 2017 | $137.11M | +34.6% | +$35.24M | ||
| 2016 | $101.87M | — | — |
- 2025$613.03M+3.0%
- 2024$595.23M+14.8%
- 2023$518.69M+13.3%
- 2022$457.92M+24.7%
- 2021$367.29M+36.4%
- 2020$269.36M+26.8%
- 2019$212.42M+23.6%
- 2018$171.90M+25.4%
- 2017$137.11M+34.6%
- 2016$101.87M—
Gross Profit 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 Profit at Upwork (UPWK)
According to Upwork's latest reported financial statements, the company's current gross profit (TTM) is $612.97M. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Upwork (UPWK) most recent annual gross profit stands at $613.03M (2025) – edged up 3.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Upwork gross profit compounded at +17.9% per year, sustaining 9 straight years of year-over-year growth.
The record annual gross profit stands at $613.03M, reached in 2025; the historical low of $101.87M was recorded in 2016.
Upwork Gross Profit by Year
Upwork Gross Profit 2025: $613.03M
Upwork posted gross profit of $613.03M in 2025, edged up 3.0% from 2024. This figure represents the highest annual value in the available history.
Upwork Gross Profit 2024: $595.23M
In 2024, Upwork reported gross profit of $595.23M, grew 14.8% from 2023.
Upwork Gross Profit 2023: $518.69M
Upwork gross profit in 2023 was $518.69M, grew 13.3% from 2022.
Upwork Gross Profit 2022: $457.92M
2022's gross profit for Upwork came in at $457.92M, grew 24.7% from 2021.
Upwork Gross Profit 2021: $367.29M
Upwork gross profit in 2021 was $367.29M.
See more financial history for Upwork (UPWK).
Sector peers by Gross Profit
Industrials peers of Upwork (UPWK), ranked by their latest gross profit
| $21.86B | |
| $17.79B | |
| $16.89B | |
| $16.30B | |
| $14.55B | |
| $10.32B | |
| $9.22B | |
| $4.29B |
- $21.86B
- $17.79B
- $16.89B
- $16.30B
- $14.55B
- $10.32B
- $9.22B
- $4.29B
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