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Upwork (UPWK) Revenue & Revenue Breakdown

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Upwork Revenue Highlights

Latest Revenue (Y)

$787.78M

Latest Revenue (Q)

$23.00K

Main Segment (Y)

Enterprise

Upwork Revenue by Period

Upwork Revenue by Year

DateRevenueChange
2025-12-31$787.78M2.40%
2024-12-31$769.33M11.64%
2023-12-31$689.14M11.45%
2022-12-31$618.32M22.98%
2021-12-31$502.80M34.57%
2020-12-31$373.63M24.31%
2019-12-31$300.56M18.63%
2018-12-31$253.35M25.08%
2017-12-31$202.55M23.17%
2016-12-31$164.44M-

Upwork generated $787.78M in revenue during NA 2025, up 2.40% compared to the previous quarter, and up 210.85% compared to the same period a year ago.

Upwork Revenue by Quarter

DateRevenueChange
2026-03-31$23.00K-99.99%
2025-12-31$198.41M-1.65%
2025-09-30$201.73M3.48%
2025-06-30$194.94M1.16%
2025-03-31$192.71M0.64%
2024-12-31$191.48M-1.18%
2024-09-30$193.78M0.34%
2024-06-30$193.13M1.15%
2024-03-31$190.94M3.81%
2023-12-31$183.93M4.67%
2023-09-30$175.73M4.22%
2023-06-30$168.61M4.82%
2023-03-31$160.86M-0.36%
2022-12-31$161.44M1.77%
2022-09-30$158.64M1.11%
2022-06-30$156.90M11.01%
2022-03-31$141.34M3.27%
2021-12-31$136.86M6.80%
2021-09-30$128.14M3.19%
2021-06-30$124.18M9.30%
2021-03-31$113.62M7.03%
2020-12-31$106.15M9.72%
2020-09-30$96.75M10.53%
2020-06-30$87.53M5.21%
2020-03-31$83.20M5.85%
2019-12-31$78.60M-0.24%
2019-09-30$78.79M6.10%
2019-06-30$74.26M7.74%
2019-03-31$68.92M2.35%
2018-12-31$67.34M5.04%
2018-09-30$64.11M2.28%
2018-06-30$62.68M5.85%
2018-03-31$59.22M8.14%
2017-12-31$54.76M4.78%
2017-09-30$52.26M7.13%
2017-06-30$48.78M2.13%
2017-03-31$47.77M-

Upwork generated $23.00K in revenue during Q1 2026, up -99.99% compared to the previous quarter, and up 0.01% compared to the same period a year ago.

Upwork Revenue Breakdown

Upwork Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Marketplace$104.90M$107.22M$586.10M--
Enterprise$682.88M$662.11M---
Market Place, Basic, Plus, And Other---$518.28M$427.48M
Market Place, Enterprise---$48.34M$34.86M
Managed Services---$51.70M$40.46M

Upwork's latest annual revenue breakdown by segment (product or service), as of Dec 25: Enterprise (86.68%), and Marketplace (13.32%).

Quarterly Revenue by Product

Product/ServiceMar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
Enterprise$24.78M$605.03M$27.16M$24.28M$26.41M---------------
Marketplace$170.71M-$174.57M$170.66M$166.29M-$167.34M$164.33M$117.78M-----------
Managed Services--------$13.99M$11.98M$12.77M$13.71M$13.50M$12.57M$11.91M$11.43M$10.36M$9.72M$8.95M$9.29M
Marketplace, Enterprise--------$12.11M$14.32M$11.41M$12.50M$12.30M$10.76M------
Marketplace, Basic, Plus, And Other--------------$118.67M-----
Market Place-----------------$114.46M$104.67M$96.87M

Upwork's latest quarterly revenue breakdown by segment (product or service), as of Mar 26: Marketplace (87.32%), and Enterprise (12.68%).

Upwork Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
NSPInsperity$6.81B$1.62B
RHIRobert Half$5.38B$1.30B
HUBGHub Group$3.95B$934.50M
BWLPBW LPG$3.06B$1.01B
AMRCAmeresco$1.93B$401.46M
ALGAlamo Group$1.60B$417.15M
SBLKStar Bulk Carriers$949.27M$259.39M
UPWKUpwork$787.78M$23.00K
PSIXPower Solutions--

UPWK Revenue FAQ

What is Upwork’s yearly revenue?

Upwork's yearly revenue for 2025 was $787.78M, representing an increase of 2.40% compared to 2024. The company's yearly revenue for 2024 was $769.32M, representing an increase of 11.64% compared to 2023. UPWK's yearly revenue for 2023 was $689.14M, representing an increase of 11.45% compared to 2022.

What is Upwork’s quarterly revenue?

Upwork's quarterly revenue for Q1 2026 was $23K, a -99.99% decrease from the previous quarter (Q4 2025), and a -99.99% decrease year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $198.41M, a -1.65% decrease from the previous quarter (Q3 2025), and a 3.62% increase year-over-year (Q4 2024). UPWK's quarterly revenue for Q3 2025 was $201.73M, a 3.48% increase from the previous quarter (Q2 2025), and a 4.10% increase year-over-year (Q3 2024).

What is Upwork’s revenue growth rate?

Upwork's revenue growth rate for the last 3 years (2023-2025) was 14.31%, and for the last 5 years (2021-2025) was 56.68%.

What are Upwork’s revenue streams?

Upwork's revenue streams in c 25 are Marketplace, and Enterprise. Marketplace generated $104.9M in revenue, accounting 13.32% of the company's total revenue, down -2.16% year-over-year. Enterprise generated $682.88M in revenue, accounting 86.68% of the company's total revenue, up 3.14% year-over-year.

What is Upwork’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Upwork was Enterprise. This segment made a revenue of $682.88M, representing 86.68% of the company's total revenue.