Skip to content
Screener

Upwork Inc. UPWK Q2 2026 earnings

Reported August 10, 2026 · After market close

Revenue$191.7MBeat by $1.7M
EPS$0.41Beat by $0.07
Revenue estimate$190.0M
EPS estimate$0.34
“In the second quarter, Upwork demonstrated solid execution against our strategic plan in a challenging operating environment. While lower-complexity work continues to shift toward automation, we are increasingly seeing what is emerging in its place: growing demand for high-value AI talent, more complex projects, and new categories of work across SMB and Enterprise. We are on track with our enterprise strategy, staying disciplined in how we execute, and continuing to build the AI capabilities that will make Upwork essential infrastructure as work becomes increasingly human-and-agent driven.”
Hayden Brown

Next report

Nov 2, 2026 (in a month)
Revenue estimate$180.3M
EPS estimate$0.32

Financials

Q2 2026

Income statement

See full
Revenue$191.7M-1.7%
Gross profit$146.4M-3.4%
Operating income$28.1M-13.6%
Net income$25.4M-22.4%
EPS (diluted)$0.20-16.7%

Balance sheet

See full
Cash & equivalents$673.1M+32.8%
Total debt$740.1M+99.6%
Total equity$611.3M+0.4%
Total assets$1.3B+1.0%

Cash flow

See full
Operating cash flow$46.9M-35.4%
CapEx$1.6M-32.0%
Free cash flow$45.3M-35.5%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$1.08B-52.5%
Enterprise value$1.14B-46.4%
P/E10.6×+1.3×
P/S1.4×-1.6×

Profitability

See full
Gross margin77.2%-0.6pp
Operating margin15.1%+1.4pp
Net margin12.9%-18.8pp
FCF margin26%-0.1pp

Returns & leverage

See full
Return on equity16.7%-33.9pp
Debt / equity1.2×+0.6×
Current ratio1.4×-1.9×

Segments

By segment

See full
Reportable Segment$191.7M-1.7%

By product

See full
Marketplace$166.9M-2.2%

FAQ

When did Upwork Inc. report Q2 2026 earnings?
Upwork Inc. (UPWK) reported Q2 2026 earnings on August 10, 2026 after market close.
What were Upwork Inc.'s Q2 2026 revenue and EPS?
Upwork Inc. reported revenue of $191.7M and eps of $0.41 for Q2 2026.
Did Upwork Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $190.0M by $1.7M. EPS beat the consensus estimate of $0.34 by $0.07.
How did Upwork Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.7% from $194.9M a year earlier and eps grew 17.1% from $0.35.
Where can I find Upwork Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001627475-26-000046) and the 10-Q periodic report (0001627475-26-000047) directly on SEC EDGAR. The filing index links above go to sec.gov.