TTM
$123.33M
YoY change
+98.3%
5Y CAGR
—
Peak year (2025)
$129.31M
Cumulative operating income
−$1.31M
Operating Income history chart for Upwork (UPWK) from 2016 to 2025
Latest: $129.31M
Operating Income growth chart for Upwork (UPWK) from 2016 to 2025
Latest: +98.3%
Operating Income history table for Upwork (UPWK) from 2016 to 2025
| 2025 | $129.31M | +98.3% | +$64.10M | ||
| 2024 | $65.21M | -679.1% | +$76.47M | ||
| 2023 | −$11.26M | -87.8% | +$81.36M | ||
| 2022 | −$92.62M | +70.8% | −$38.41M | ||
| 2021 | −$54.22M | +142.0% | −$31.81M | ||
| 2020 | −$22.41M | +19.6% | −$3.68M | ||
| 2019 | −$18.73M | +59.9% | −$7.02M | ||
| 2018 | −$11.71M | +275.0% | −$8.59M | ||
| 2017 | −$3.12M | -78.4% | +$11.35M | ||
| 2016 | −$14.47M | — | — |
- 2025$129.31M+98.3%
- 2024$65.21M-679.1%
- 2023−$11.26M-87.8%
- 2022−$92.62M+70.8%
- 2021−$54.22M+142.0%
- 2020−$22.41M+19.6%
- 2019−$18.73M+59.9%
- 2018−$11.71M+275.0%
- 2017−$3.12M-78.4%
- 2016−$14.47M—
Operating Income 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 Operating Income at Upwork (UPWK)
According to Upwork's latest reported financial statements, the company's current operating income (TTM) is $123.33M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Upwork (UPWK) reported operating income of $129.31M – surged 98.3% year-over-year.
The highest annual operating income of $129.31M was reported in 2025. The lowest in the available history was −$92.62M in 2022.
Upwork Operating Income by Year
Upwork Operating Income 2025: $129.31M
Upwork posted operating income of $129.31M in 2025, surged 98.3% from 2024. This figure represents the highest annual value in the available history.
Upwork Operating Income 2024: $65.21M
In 2024, Upwork reported operating income of $65.21M, plunged 679.1% below 2023.
Upwork Operating Income 2023: −$11.26M
Upwork operating income in 2023 was −$11.26M, plunged 87.8% below 2022.
Upwork Operating Income 2022: −$92.62M
2022's operating income for Upwork came in at −$92.62M, surged 70.8% from 2021. This figure represents the lowest annual value in the available history.
Upwork Operating Income 2021: −$54.22M
Upwork operating income in 2021 was −$54.22M.
See more financial history for Upwork (UPWK).
Sector peers by Operating Income
Industrials peers of Upwork (UPWK), ranked by their latest operating income
| $11.21B | |
| $9.84B | |
| $9.30B | |
| $8.77B | |
| $8.42B | |
| $5.23B | |
| −$2.59B | |
| −$5.42B |
- $11.21B
- $9.84B
- $9.30B
- $8.77B
- $8.42B
- $5.23B
- −$2.59B
- −$5.42B
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