Skip to main content
Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
15.20
+0.23 (1.54%)
Nov 21, 2024, 1:59 PM EST - Market open

Upwork Revenue by Segment
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019
Marketplace Revenue
655.94M 650.34M 640.19M 623.95M 614.16M 597.56M 585.26M 566.59M
Marketplace Revenue Growth
6.80% 8.83% 9.39% 10.12% 12.83% 15.59% 20.15% 22.55%
Enterprise Revenue
105.83M 93.39M 79.03M 65.19M 52.44M 51.95M 52.54M 51.68M
Enterprise Revenue Growth
101.80% 79.77% 50.41% 26.13% 6.14% 12.27% 21.01% 27.75%

Operating Metrics

Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018
Gross Services Volume
4.09B 4.12B 4.15B 4.14B 4.10B 4.10B 4.11B 4.10B
Gross Services Volume Growth
-0.31% 0.54% 1.02% 0.92% 1.14% 4.23% 9.18% 15.71%
Enterprise Revenue
105.83M 91.50M 79.45M 64.25M 50.60M 51.00M 49.00M 48.40M - - - - - - - -
Enterprise Revenue Growth
109.16% 79.40% 62.15% 32.74% 9.76% 20.00% 26.61% 38.68% - - - - - - - -
Active Clients
855.00K 868.00K 872.00K 851.00K 836.00K 822.00K 827.00K 814.00K - - - - - - - - - - - -
Active Clients Growth
2.27% 5.60% 5.44% 4.55% 2.20% 1.86% 4.29% 5.58% - - - - - - - - - - - -
Gross Services Volume Per Client
- 4.99K 4.76K 4.82K 4.91K 4.99K 4.97K 5.05K - - - - - - - - - - - -
Gross Services Volume Per Client Growth
- - -4.23% -4.50% -1.05% 2.32% 4.74% 9.70% - - - - - - - - - - - -
New Enterprise Clients
42.00 46.00 28.00 31.00 23.00 19.00 25.00 26.00 - - - - - - - -
Take Rate
- 19.15% 17.70% 17.20% 17.10% 16.30% 16.00% 15.70% - - - - - - - - -
New Enterprise Clients Growth
82.61% 142.11% 12.00% 19.23% -8.00% -47.22% -21.88% -18.75% - - - - - - - -

Operating Expense Breakdown
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019
Research and Development
202.01M 195.02M 185.80M 177.36M 172.81M 168.29M 160.87M 154.55M
Research and Development Growth
16.90% 15.88% 15.49% 14.76% 18.07% 21.65% 23.15% 29.79%
Sales and Marketing
190.58M 191.80M 203.53M 220.68M 234.16M 250.03M 254.24M 246.88M
Sales and Marketing Growth
-18.61% -23.29% -19.94% -10.61% -1.93% 14.27% 26.28% 34.69%
General and Administrative
125.20M 122.58M 121.64M 118.93M 117.00M 119.76M 124.10M 123.95M
General and Administrative Growth
7.01% 2.36% -1.98% -4.06% -6.39% 0.08% 4.56% 9.61%
Provision for Transaction Losses
6.61M 6.43M 7.20M 12.98M 17.10M 25.62M 29.73M 25.15M
Provision for Transaction Losses Growth
-61.34% -74.90% -75.77% -48.41% -19.60% 104.88% 321.63% 315.89%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.