Upwork (UPWK) Stock Price
Upwork Price
Revenue has compounded at 19.0% per year over the past 9 years to 787.78 M USD. Earnings per share have grown at 59.4% per year over the last 2 years. Upwork's net margin stands at 14.7%, up from -11.2% several years earlier. Analysts set a median price target of 24.99 USD, implying 176.7% above the current price. Of 17 analysts, 12 rate the stock a buy — an overall Buy consensus. Over the past year Upwork shares have lost 46.2%. The stock trades about 15% above its 52-week low.
Upwork stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Upwork over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Upwork stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Upwork's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Upwork Price |
|---|---|
| 8/31/2026 | 9.03 USD |
| 8/30/2026 | 8.89 USD |
| 8/28/2026 | 9.06 USD |
| 8/27/2026 | 8.91 USD |
| 8/26/2026 | 8.64 USD |
| 8/25/2026 | 8.74 USD |
| 8/24/2026 | 8.56 USD |
| 8/21/2026 | 8.61 USD |
| 8/20/2026 | 8.66 USD |
| 8/19/2026 | 8.93 USD |
| 8/18/2026 | 8.39 USD |
| 8/14/2026 | 8.49 USD |
| 8/13/2026 | 8.66 USD |
| 8/12/2026 | 8.25 USD |
| 8/10/2026 | 9.75 USD |
| 8/7/2026 | 9.67 USD |
| 8/6/2026 | 9.42 USD |
| 8/5/2026 | 9.65 USD |
| 8/4/2026 | 9.39 USD |
| 8/3/2026 | 9.54 USD |
| 7/31/2026 | 9.16 USD |
| 7/30/2026 | 9.25 USD |
| 7/29/2026 | 9.48 USD |
| 7/27/2026 | 9.31 USD |
| 7/23/2026 | 8.72 USD |
| 7/22/2026 | 8.96 USD |
| 7/21/2026 | 9.19 USD |
| 7/20/2026 | 9.33 USD |
| 7/17/2026 | 9.06 USD |
| 7/16/2026 | 9.59 USD |
Upwork Revenue, EBIT, Net Income
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Upwork Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 164.00 | 202.00 | 253.00 | 300.00 | 373.00 | 502.00 | 618.00 | 689.00 | 769.00 | 787.00 | 742.00 | 736.00 | 785.00 | 906.00 | 981.00 |
| – | 23.17 | 25.25 | 18.58 | 24.33 | 34.58 | 23.11 | 11.49 | 11.61 | 2.34 | -5.72 | -0.81 | 6.66 | 15.41 | 8.28 |
| 61.59 | 67.82 | 67.59 | 70.67 | 72.12 | 73.11 | 73.95 | 75.18 | 77.37 | 77.89 | 77.89 | 77.89 | 77.89 | 77.89 | 77.89 |
| 101.00 | 137.00 | 171.00 | 212.00 | 269.00 | 367.00 | 457.00 | 518.00 | 595.00 | 613.00 | 577.95 | 573.28 | 611.44 | 705.69 | 764.11 |
| -15.00 | -3.00 | -17.00 | -18.00 | -21.00 | -53.00 | -92.00 | 48.00 | 65.00 | 129.00 | 206.00 | 195.00 | 220.00 | 292.00 | 319.00 |
| -9.15 | -1.49 | -6.72 | -6.00 | -5.63 | -10.56 | -14.89 | 6.97 | 8.45 | 16.39 | 27.76 | 26.49 | 28.03 | 32.23 | 32.52 |
| -16.00 | -4.00 | -19.00 | -16.00 | -22.00 | -56.00 | -89.00 | 46.00 | 215.00 | 115.00 | 181.00 | 178.00 | 194.00 | 257.00 | 280.00 |
| – | -75.00 | 375.00 | -15.79 | 37.50 | 154.55 | 58.93 | -151.69 | 367.39 | -46.51 | 57.39 | -1.66 | 8.99 | 32.47 | 8.95 |
| 32.00 | 95.93 | 103.36 | 112.69 | 123.40 | 127.54 | 131.82 | 143.80 | 143.10 | 139.41 | 139.41 | 139.41 | 139.41 | 139.41 | 139.41 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Upwork generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Upwork retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Upwork's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Upwork has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Upwork's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Upwork stock margins
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Upwork Stock Revenue, EBIT, Earnings per Share
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Upwork business model & stock analysis
Upwork Employees
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Upwork Segments
Upwork Revenue by Segment (1/2)
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Upwork Revenue by Segment (2/2)
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Upwork Revenue by Region
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Upwork Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Upwork historical P/E ratio, EBIT multiple, and P/S ratio
Upwork annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Upwork shares outstanding
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Current Upwork forecasts and price targets in September 2026
Analyst Price Targets 2026Upwork Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 8/14/2026 | Maintained | Neutral | 46 | |
| 8/12/2026 | Maintained | Hold | 64 | |
| 8/11/2026 | Maintained | Sector Perform | 75 | |
| 8/11/2026 | Maintained | Sector Perform | 49 | |
| 8/11/2026 | Maintained | Buy | 70 | |
| 5/21/2026 | Maintained | Neutral | 48 | |
| 5/11/2026 | Maintained | Sector Perform | 49 | |
| 5/8/2026 | Downgrade | BuyNeutral | 46 | |
| 5/8/2026 | Maintained | Sector Perform | 75 | |
| 5/8/2026 | Maintained | Buy | 70 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Upwork Earnings Calls
Upwork Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 8/10/2026 | 0.35USD | - | 193.76 MUSD | - | 2026 Q2 |
| 5/7/2026 | 0.28USD | - | 199.82 MUSD | - | 2026 Q1 |
| 2/9/2026 | 0.32USD | - | 201.47 MUSD | - | 2025 Q4 |
| 5/1/2024 | 0.13USD | - | 186.20 MUSD | - | 2024 Q1 |
| 2/13/2024 | 0.18USD | - | 181.80 MUSD | - | 2023 Q4 |
| 7/25/2023 | 0.01USD | - | 183.01 MUSD | - | 2023 Q2 |
| 4/25/2023 | -0.03USD | - | 169.52 MUSD | - | 2023 Q1 |
| 2/8/2023 | -0.03USD | - | 161.68 MUSD | - | 2022 Q4 |
| 10/26/2022 | -0.08USD | - | 159.70 MUSD | - | 2022 Q3 |
| 7/27/2022 | -0.08USD | - | 150.02 MUSD | - | 2022 Q2 |
EESG©
Eulerpool ESG Scorecard© for the Upwork stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Upwork shareholder structure
| % | Name |
|---|---|
14.43255% | |
13.34517% | |
5.95052% | |
5.19903% | |
4.56174% | |
4.29598% |
Upwork Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
14.10% | SEC ↗ | |
11.00% | SEC ↗ | |
9.20% | SEC ↗ | |
8.39% | SEC ↗ | |
7.70% | SEC ↗ | |
6.40% | SEC ↗ | |
6.04% | SEC ↗ | |
5.90% | SEC ↗ | |
5.80% | SEC ↗ | |
5.50% | SEC ↗ |
Upwork Executives and Management Board
15 members · avg. age 53 · 40 % women
Ms. Hayden Brown (43)
President, Chief Executive Officer, Director · since 2016
9.93 M USD
Management
Ms. Erica Gessert (50)
Chief Financial Officer
Mr. David Bottoms (54)
General Manager - Marketplace
Mr. Anthony Kappus (45)
Chief Operating Officer
Ms. Sunita Solao (49)
Chief People Officer
Mr. Andrew Rabinovich
Chief Technology Officer
Mr. Jacob Mcquown
Chief Legal Officer
Board of Directors
Mr. Thomas Layton (62)
Independent Chairman of the Board
Ms. Leela Srinivasan (51)
Independent Director
Mr. Gary Steele (62)
Independent Director
Ms. Anilu Vazquez-Ubarri (48)
Independent Director
Mr. Kevin Harvey (60)
Independent Director
Ms. Dana Evan
Director
Upwork Supply Chain
Upwork Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.93 | 0.79 | 0.75 | ||
| 2 | 0.55 | 0.77 | 0.74 | ||
| 3 | 0.86 | 0.16 | 0.60 | ||
| 4 | 0.70 | 0.61 | 0.50 | ||
| 5 | -0.47 | -0.17 | 0.41 |
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.90 | 0.91 | — | ||
| 2 | -0.72 | -0.33 | -0.29 | ||
| 3 | -0.68 | 0.28 | -0.16 | ||
| 4 | Momentive Global | 0.87 | 0.86 | 0.18 | |
| 5 | -0.13 | -0.10 | 0.19 |
Frequently asked questions about Upwork
The business model of Upwork Inc involves operating an online platform that connects freelancers and businesses. Upwork acts as a mediator, providing a space where businesses can find and hire freelancers for various projects. The company generates revenue by charging fees to both freelancers and clients for using their platform. Clients can post job listings and select freelancers based on their skills and expertise, while freelancers can create profiles highlighting their qualifications and apply for available projects. Upwork facilitates communication, collaboration, and payment processes to ensure smooth interactions between freelancers and clients. Overall, Upwork's business model revolves around facilitating flexible employment arrangements and assisting in the completion of remote work projects.
Upwork Inc is primarily active in the online freelancing and remote work industry.
Upwork Inc faces competition from several main players in the market. Some of its top competitors include Freelancer.com, Fiverr International Ltd, and Toptal. These companies also provide online platforms for freelancers and clients to connect and collaborate on various projects. However, Upwork Inc differentiates itself through its extensive global network, diverse talent pool, and sophisticated features such as time tracking and project management tools. Despite competition, Upwork Inc remains a leading player in the online freelance marketplace, continuously innovating to provide the best services and opportunities for both freelancers and businesses.
Upwork Inc is a leading freelance marketplace that connects businesses with freelancers worldwide. Founded in 1999 as Elance, it later merged with oDesk to form Upwork in 2014. The company operates an online platform where businesses can find skilled professionals for various projects and freelancers can showcase their expertise. Upwork Inc offers a wide range of categories including writing, programming, design, marketing, and more. With a user-friendly interface and stringent vetting process, Upwork provides a reliable platform for both clients and freelancers to collaborate and succeed. Upwork Inc has established itself as a trusted name in the gig economy, revolutionizing the way work gets done.
Upwork Inc, a leading online freelancing platform, has achieved significant milestones since its inception. One of its major achievements was the merger of Elance and oDesk in 2014, which formed Upwork. This integration allowed the company to amass a vast talent pool and expand its global reach. In 2018, Upwork became a publicly traded company on the NASDAQ stock exchange, marking another remarkable milestone in its journey. Additionally, the company continuously enhances its platform by introducing new features and functionalities, enabling freelancers and businesses to connect and collaborate more efficiently. Upwork Inc's dedication to innovation and its commitment to empowering the freelance economy have undoubtedly made it a prominent player in the industry.
Upwork Inc is primarily present in various countries and regions around the world. The company's presence extends globally, including countries such as the United States, Europe, Asia, and Latin America. With a broad reach, Upwork Inc operates in many major markets, leveraging its online platform to connect businesses and professionals across borders. As a leading freelance marketplace, Upwork Inc offers its services and opportunities internationally, enabling companies and talent to collaborate regardless of geographical boundaries.
Upwork Inc represents values of innovation, collaboration, and empowerment. As a leading freelancing platform, Upwork fosters a corporate philosophy centered around providing flexible work opportunities and connecting businesses with skilled professionals worldwide. The company values creativity, diversity, and inclusion, welcoming individuals from different backgrounds and expertise. Upwork Inc is committed to promoting transparency and trust, ensuring a secure and fair environment for freelancers and clients. By offering a seamless digital platform, Upwork empowers businesses to adapt and thrive in the ever-evolving work landscape, while enabling independent professionals to pursue their passions and achieve meaningful work-life integration.
Analysts currently set an average price target of 24.38 USD for the Upwork stock (median: 24.99 USD), implying +165.3 % versus the latest price. The consensus is based on 17 analyst ratings.
17 analysts currently rate the Upwork stock: 12 recommend buying, 5 holding and 0 selling. For 2026, analysts expect Upwork to generate revenue of 742.09 M USD and earnings per share of 1.30 USD.
Converted at the current exchange rate, the Upwork share trades at 7.77 EUR (9.03 USD).
The Upwork share (UPWK) is listed on 4 stock exchanges, including: NASDAQ (UPWK), Frankfurt (UP2.F), München (UP2.MU), Düsseldorf (UP2.DU).
Upwork Inc. is a leading provider of online talent marketplaces that enables companies and freelancers to access global talent. The company offers a platform that allows companies and freelancers to network across a variety of fields. Upwork was founded in 2015 through the merger of Elance and oDesk and is headquartered in California. The company operates an online platform that allows companies and freelancers to connect and engage. The platform provides access to a wide range of services, including design, development, data analysis, marketing, and sales. Upwork is one of the largest online platforms for freelancers and professional services. Upwork operates on a simple business model. They connect clients with highly skilled freelancers to fulfill business requirements. They offer services in various areas such as IT, marketing, design, writing, and more, organized into respective categories, making it easy for clients to find the most suitable help for them. Freelancers have the opportunity to sign up for different services for which they have a license or certification or for which they are qualified. The Upwork model can be divided into three categories: 1) Clients: Clients need to register on the platform and create an account. Once logged in, they can create and publish a job posting to find qualified freelancers. Clients can also review freelancers' profiles and ratings and evaluate proposals and feedback. 2) Freelancers: Freelancers also need to create an account on Upwork. They can publish their skills, experiences, and ratings on their profile, browse job offers, apply for jobs, have live conversations or Skype interviews to discuss project details, submit proposals, and ultimately complete the project. 3) Upwork: Upwork acts as an intermediary between clients and freelancers. They charge a service fee for successful collaborations. Upwork also provides clients with tools and services such as payment processing, time tracking tools, project management, and more. Upwork has a multi-tiered pricing structure for its service. The service fee varies depending on the type of job, the duration of the project, and the nature of the job. However, Upwork's fees typically range from 5% to 10% of the freelancer's revenue. Upwork has announced a variety of products to enhance its platform and improve the customer experience. These products include proposal creation, time tracking tools, workflow tools, and more. These products have enabled the company to attract an increasing number of clients and freelancers and support the company's growth. In summary, Upwork is an online platform that provides companies and freelancers with a way to find and hire qualified and skilled professionals and services. Their simple and effective business model has helped them expand their reach and growth on a global level. With innovative product launches and services, Upwork has established itself as a leading online talent marketplace company.
The expected revenue of Upwork is 742.09 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Upwork is 181.56 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Upwork is currently 6.93. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Upwork stock.
The price-to-sales ratio (P/S) of Upwork is currently 1.70. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Upwork stock.
The Eulerpool Quality Score for Upwork is 5/10.
The ISIN of Upwork is US91688F1049. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Upwork is A2N5QE. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Upwork is UPWK. The ticker symbol is used to trade Upwork shares on the stock exchange.
Upwork paid dividends every year for the past 0 years.
Upwork is assigned to the 'Industry' sector.
The dividends of Upwork are distributed in USD.
Upwork stock
Upwork Ticker
Upwork FIGI
All fundamentals and in-depth analysis of Upwork
Our stock analysis for Upwork stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Upwork. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.