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UPWK

Upwork Inc.

UPWK

NASDAQ·Industrials·Staffing & Employment Services·Mkt cap $1.1B

$9.16

+1.55%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$7.44 - $22.84

P/E

11.31

Fwd P/E

6.44

Beta

0.99

Div Yield

0.00%

Avg Vol

4.1M

Shares Out

130.7M

Mkt Cap

$1.1B

Price action

Price chart

Down 33.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Network effects with millions of active freelancers and enterprise clients creating a defensible two-sided marketplace
  • Proprietary matching algorithms and AI-driven talent recommendations improving client outcomes and retention
  • Integrated payments, escrow, and compliance infrastructure reducing friction and building customer lock-in
  • Brand recognition as the largest global freelance platform with deep market penetration across industries

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Accelerating adoption of remote work and flexible staffing models post-pandemic

Value

Undervalued - trading well below Staffing & Recruitment peers

Momentum

Weak

-17.6% over 3m

Quality

Excellent

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of $0.24 vs $0.25 consensus (-4.0% surprise). Revenue of $195.5M vs $195.8M expected (-0.1%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-4.0%

Next: May 4, 2026

Revenue trend · last 8Q

+4%

+1%

+1%

+4%

+4%

+1%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$193.1M

$193.8M

$191.5M

$192.7M

$194.9M

$201.7M

$198.4M

$195.5M

Margins · last 8Q

Gross

Operating

Profit

16.1%

Wall Street consensus

9 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

33%

Hold

6

67%

Sell

0%

Median Price Target

$10.00

+9.2% vs $9.16

Low $9.00
Median $10.00
High $15.00

Latest: Citi · May 21, 2026

6 analysts covering

vs Industry

How UPWK stacks vs Staffing & Employment Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.