SuperworthUpwork profit margin UPWK
Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.
- Net margin, 12 months
- 12.9%
- Operating margin, 12 months
- 15.1%
- Net margin on a year earlier
- −18.8 pts
- Peer median
- 8.2%
Over the twelve months to Jun 30, 2026, Upwork kept 12.9% of its revenue as net profit, with an operating margin of 15.1% and a gross margin of 77.2%.
Five years earlier its net margin was −5.9%.
The median for 10 application software stocks of a similar size is 8.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 14.7% | 16.4% | 77.8% |
| FY2024 | 28.0% | 8.5% | 77.4% |
| FY2023 | 6.8% | −1.6% | 75.3% |
| FY2022 | −14.5% | −15.0% | 74.1% |
| FY2021 | −11.2% | −10.8% | 73.0% |
| FY2020 | −6.1% | −6.0% | 72.1% |
| FY2019 | −5.5% | −6.2% | 70.7% |
| FY2018 | −7.9% | −4.6% | 67.8% |
| FY2017 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 12.9% | −18.8 pts | 15.1% | |
| Q1 FY26 | 13.8% | −16.7 pts | 15.6% | |
| Q4 FY25 | 14.7% | −13.4 pts | 16.4% | |
| Q3 FY25 | 31.6% | +20.4 pts | 14.7% | |
| Q2 FY25 | 31.7% | +21.7 pts | 13.7% | |
| Q1 FY25 | 30.5% | +23.8 pts | 11.8% | |
| Q4 FY24 | 28.0% | +21.2 pts | 8.5% | |
| Q3 FY24 | 11.3% | +9.3 pts | 7.9% | |
| Q2 FY24 | 10.0% | +14.3 pts | 6.8% | |
| Q1 FY24 | 6.7% | +14.2 pts | 3.7% | |
| Q4 FY23 | 6.8% | +21.3 pts | −1.6% | |
| Q3 FY23 | 2.0% | +18.1 pts | −6.0% |
Against its peers
Companies in Software - Application nearest Upwork's size, closest first, today.
| Company | Profit margin |
|---|---|
| UPWKUpwork | 12.9% |
| LZLegalzoom.Com | 2.1% |
| GDRXGoodRx | 2.1% |
| HSTMHealthstream | 6.6% |
| EVEREverQuote | 15.2% |
| TASKTaskUs | 8.8% |
| YEXTYext | 5.9% |
| MNTNMNTN | 18.0% |
| EVTCEVERTEC | 9.8% |
| NRDSNerdwallet | 7.6% |
| INODInnodata | 14.7% |
| Peer median | 8.2% |
Where Upwork ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Upwork
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.