TTM
13.8%
YoY change
−13.37pp
Trough year (2022)
-14.5%
Peak year (2024)
28.0%
Latest annual
14.7%
Net Profit Margin history chart for Upwork (UPWK) from 2016 to 2025
Latest: 14.7%
Net Profit Margin change chart for Upwork (UPWK) from 2016 to 2025
Latest: −13.37pp
Net Profit Margin history table for Upwork (UPWK) from 2016 to 2025
| 2025 | 14.7% | -13.37pp | ||
| 2024 | 28.0% | +21.22pp | ||
| 2023 | 6.8% | +21.34pp | ||
| 2022 | -14.5% | -3.35pp | ||
| 2021 | -11.2% | -5.07pp | ||
| 2020 | -6.1% | -0.58pp | ||
| 2019 | -5.5% | +2.31pp | ||
| 2018 | -7.9% | -5.82pp | ||
| 2017 | -2.0% | +7.84pp | ||
| 2016 | -9.9% | — |
- 202514.7%-13.37pp
- 202428.0%+21.22pp
- 20236.8%+21.34pp
- 2022-14.5%-3.35pp
- 2021-11.2%-5.07pp
- 2020-6.1%-0.58pp
- 2019-5.5%+2.31pp
- 2018-7.9%-5.82pp
- 2017-2.0%+7.84pp
- 2016-9.9%—
Net Profit 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 Net Profit Margin at Upwork (UPWK)
According to Upwork's latest reported financial statements, the company's latest reported net margin is 13.8%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Upwork (UPWK) reported net margin of 14.65% – contracted 13.4 percentage points year-over-year.
28.02% stands as the all-time-high annual net margin, posted in 2024, against a low of -14.54% during 2022.
Upwork Net Profit Margin by Year
Upwork Net Profit Margin 2025: 14.7%
2025's net margin for Upwork came in at 14.65%, contracted 13.4 percentage points from 2024.
Upwork Net Profit Margin 2024: 28.0%
Upwork posted net margin of 28.02% in 2024, expanded 21.2 percentage points from 2023. This figure represents the highest annual value in the available history.
Upwork Net Profit Margin 2023: 6.8%
In 2023, Upwork reported net margin of 6.80%, expanded 21.3 percentage points from 2022.
Upwork Net Profit Margin 2022: -14.5%
Upwork net margin in 2022 was -14.54%, contracted 3.4 percentage points from 2021. This figure represents the lowest annual value in the available history.
Upwork Net Profit Margin 2021: -11.2%
Upwork net margin in 2021 was -11.19%.
See more financial history for Upwork (UPWK).
Sector peers by Net Profit Margin
Industrials peers of Upwork (UPWK), ranked by their latest net margin
| 29.2% | |
| 17.9% | |
| 14.0% | |
| 13.3% | |
| 9.3% | |
| 8.0% | |
| 2.5% |
- 29.2%
- 17.9%
- 13.3%
- 8.0%
- 2.5%
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