Companies: 10,795·Total market cap: $144.5T
Upwork Inc.

Upwork Inc.

UPWKNASDAQIndustrials● Active
$8.76
+$0.02(+0.23%)
Market Cap$1.1B
P/E Ratio—
52W High$22.84
52W Low$7.44
Net IncomeFinancialsRevenue

Upwork Inc. (UPWK) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

UPWK · net income · updated Jun 8, 2026

Core profitability metrics

Net income was $115.4M for FY2025 (fiscal year ending 2025-12-31), down 46.5% year-over-year. Net profit margin was 14.7%. Based on available data, Upwork Inc. has been profitable since at least 2023.

FY2025 Net Income$115.4M▼ -46.5% YoY
Trailing 12M (TTM)$109.2Mtrailing 4 quarters sum
Net Profit Margin14.7%$115.4M ÷ $787.8M
YoY Change-46.5%—
5-Year CAGRN/AN/A — contains loss years
FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net IncomeNet LossNet Margin %★ First Profit: 2023

▸ FMP /income-statement · Annual · UPWK net income history · UPWK profit margin

Annual net income data

Fiscal YearNet IncomeYoY ChangeNet Margin
FY2025$115.4M▼ 46.5%14.7%
FY2024$215.6M▲ +359.8%28.0%
FY2023★ First Profit$46.9M▲ +152.2%6.8%
FY2022Loss−$89.9M▼ 59.8%-14.5%
FY2021Loss−$56.2M▼ 145.9%-11.2%

Net income vs peers (Industrials)

#CompanyNet IncomeYoY
#1
Upwork Inc.
Upwork Inc.YOU
UPWK
$115.4M-46.5%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$8.87B-17.8%#3
GE Aerospace
GE Aerospace
GE
$8.70B+32.8%#4
Union Pacific Corporation
Union Pacific Corporation
UNP
$7.14B+5.8%#5
RTX Corporation
RTX Corporation
RTX
$6.73B+41.0%#6
The Boeing Company
The Boeing Company
BA
$2.23B+118.9%
Industrials · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Upwork Inc. (UPWK) reported net income of $115.4M for FY2025 (fiscal year ending 2025-12-31), down 46.5% year-over-year. The net profit margin was 14.7% — meaning the company kept $0.15 of every dollar of revenue as profit.

Based on available data, Upwork Inc. has been profitable since at least 2023. Net income reached a peak of $215.6M in FY2024. Data available for 10 fiscal years.

Upwork Inc.'s net profit margin was 14.7% for FY2025, based on the latest annual results.

Investors sometimes search for "Upwork Inc. net worth" — the company's market capitalization is a separate figure from UPWK net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.
RevenueFinancial statementsEarningsForecastPrice historyMarket capFree cash flow

Frequently asked questions

UPWK net income · 5 questions

Upwork Inc. is profitable. The company reported net income of $115.4M for FY2025, a net profit margin of 14.7%. Net income was down 46.5% year-over-year. Based on available data, Upwork Inc. has been profitable since at least 2023.

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▸ Source: FMP /income-statement · GAAP · Upwork Inc. · Upwork Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026