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Q3 2026 earnings • released • EPS beat +27.43% • Revenue beat +2.97%
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UPWK:NASDAQ
Upwork Inc
$10.02
-2.91%
(-0.30) 1D
$10.06
+0.40% (+0.040)
After hours
Closed: Nov 6, 4:00:01 PM GMT-5  ·   USD
All symbols
SymbolPriceChange% Change
Generating top insights for UPWK...
Open
$10.02
High
$10.21
Low
$9.97
Mkt. cap
1.26B
Avg. vol.
2.97M
Volume
2.58M
P/E ratio
12.51
52-wk high
$22.84
52-wk low
$7.44
EPS
$0.80
Beta
1.03
Shares outstanding
125.78M
No. of employees
630
Open
$10.02
High
$10.21
Low
$9.97
Mkt. cap
1.26B
Avg. vol.
2.97M
Volume
2.58M
P/E ratio
12.51
52-wk high
$22.84
52-wk low
$7.44
EPS
$0.80
Beta
1.03
Shares outstanding
125.78M
No. of employees
630
News stories
From web sources and news partners
Profile
Upwork Inc. is an American freelancing platform headquartered in Palo Alto and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015. Upwork went public in 2018. Changes to its fees and account policies have repeatedly drawn protests from freelancers, and after a prolonged decline in its share price the company became the target of an activist investor campaign in 2024 and carried out large workforce reductions in 2024 and 2026. Wikipedia
About Upwork Inc
CEOHayden Brown
Employees630
FoundedDec 18, 2013
HeadquartersSanta Clara, California, United States
SectorIndustrials
IndustryHuman Resources
Websiteupwork.com
Analyst ratings
Based on 8 analysts giving stock ratings to UPWK in the past 3 months
Hold
Buy
2
Hold
6
Sell
0
12-month forecast
Based on 8 Wall Street analysts offering 12 month price targets for UPWK in the last 3 months.
Highest
Current $10.02
$11.50 (+14.77%)
Average
$10.00 (-0.20%)
Lowest
$8.00 (-20.16%)
Analyst
Recommendation
Action
Price target
Projected
Date
Ronald Josey
Citi
Hold
Maintained
$10.50
+4.8%
11/04/2026
Nat Schindler
Scotiabank
Hold
Maintained
$10.00
-0.2%
11/03/2026
Brad Erickson
RBC Capital
Hold
Reiterated
$8.00
-20.2%
11/03/2026
Joshua Chan
UBS
Hold
Reiterated
$10.00
-0.2%
11/03/2026
Marvin Fong
BTIG
Hold
Maintained
-
-
09/11/2026
Maria Ripps
Canaccord Genuity
Hold
Reiterated
$9.00
-10.2%
08/11/2026
Eric Sheridan
Goldman Sachs
Buy
Maintained
$11.50
+14.8%
08/11/2026
Bernie McTernan
Needham
Buy
Reiterated
$11.00
+9.8%
08/11/2026
Rohit Kulkarni
Roth MKM
Hold
Downgraded
$10.00
-0.2%
05/09/2026
Matthew Condon
Citizens JMP
Hold
Downgraded
-
-
05/08/2026
Last report
Nov 3, 2026
Fiscal period
Q3 2026
$0.40 / $0.31
+27.43%beat
Revenue / Est. (USD)
185.60M / 180.25M
+2.97%beat
Fiscal Q3 2026 earnings call
Waiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Revenue
Net income
All values in USD
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
198.41M
195.48M
191.66M
185.60M
Cost of goods sold
43.67M
44.64M
45.02M
44.30M
Cost of revenue
43.67M
44.64M
45.02M
44.30M
Research and development expenses
47.06M
43.31M
37.00M
32.49M
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
77.67M
72.60M
65.30M
63.04M
Operating expense
126.44M
118.12M
104.85M
96.70M
Total operating expenses
170.12M
162.76M
149.86M
141.01M
Operating income
28.29M
32.72M
41.80M
44.59M
Other non operating income
-528.00K
-154.00K
-169.00K
-96.00K
EBT including unusual items
34.05M
37.71M
32.10M
38.54M
EBT excluding unusual items
34.05M
37.71M
45.94M
48.54M
Income tax expense
18.42M
6.25M
6.70M
6.73M
Effective tax rate
54.09%
16.57%
20.87%
17.47%
Other operating expenses
1.72M
2.22M
2.55M
1.18M
Net income
15.63M
31.46M
25.40M
31.81M
Net profit margin
7.88%
16.09%
13.25%
17.14%
Earnings per share
0.36
0.35
0.41
0.40
Interest and investment income
6.84M
5.85M
5.02M
4.59M
Interest expense
-1.05M
-704.00K
-703.00K
-539.00K
Net interest expenses
5.78M
5.15M
4.31M
4.05M
Depreciation and amortization charges
-
-
-
-
EBITDA
31.52M
36.32M
45.48M
48.65M
Gain or loss from assets sale
-
-
178.00K
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
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Type
Date
Shares
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