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Upwork Inc. UPWK Return on equity

Return on equity at other companies

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34%+0.8pp
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-17.5%+2.7pp
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-24.3%-24.8pp

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$1.16B-26.0%
Enterprise value$1.23B-14.3%
P/E11.4×+5.0×
P/S1.5×-0.6×

Profitability

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

Returns & leverage

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Debt / equity1.2×+0.6×
Current ratio1.4×-1.9×

Where this comes from

Calculated from Upwork Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Upwork Inc.’s 10-Q, filed August 10, 2026. Open the filing →

Filed
Aug 10, 2026, 4:50 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001627475-26-000047

FAQ

What is Upwork Inc.'s return on equity?
Upwork Inc. (UPWK) reported return on equity of 16.7% in Q2 2026.
How has Upwork Inc.'s return on equity changed year-over-year?
Upwork Inc.'s return on equity decreased by 67.0% year-over-year, from 50.6% to 16.7%.
What is the long-term trend for Upwork Inc.'s return on equity?
Over 5 years (2020 to 2025), Upwork Inc.'s return on equity has grown at a 17.6% compound annual growth rate (CAGR), from -8.5% to 19.1%.
What does return on equity mean?
Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

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