SuperworthUpwork shares outstanding UPWK
Diluted shares outstanding, averaged over each quarter, from 2017.
- Latest quarter, to Jun 30, 2026
- 130M
- On a year earlier
- −7.3%
- fewer shares
Upwork had 130M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 7.3% fewer than a year earlier, so each share owns a little more of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 139.9M | −7% |
| FY2024 | 150.9M | +5% |
| FY2023 | 143.4M | +9% |
| FY2022 | 131.8M | +2% |
| FY2021 | 128.7M | +4% |
| FY2020 | 123.4M | +9% |
| FY2019 | 112.7M | +9% |
| FY2018 | 103.4M | +209% |
| FY2017 | 33.5M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 130M | −7% | |
| Q1 FY26 | 135.7M | −5% | |
| Q4 FY25 | 139.9M | −7% | |
| Q3 FY25 | 139.7M | +0% | |
| Q2 FY25 | 140.2M | +1% | |
| Q1 FY25 | 142.8M | −1% | |
| Q4 FY24 | 150.9M | +5% | |
| Q3 FY24 | 139.3M | +1% | |
| Q2 FY24 | 138.3M | +3% | |
| Q1 FY24 | 143.7M | +6% | |
| Q4 FY23 | 143.4M | +9% | |
| Q3 FY23 | 137.3M | +5% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Upwork
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.