Jun 2026 (Q2 FY26) — Aug 10, 2026
Upwork Q2 FY26 — AI-driven transition and strategic execution
Read the full callUpwork (UPWK) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Upwork earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 192 | −1.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.7 | −2.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 25.4 | −22.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$8.52 +1.07% · +$0.09
Performance −47.4% 1Y
1Y: $16.2 on 17 Oct 2025 → $8.52. High $22.11 (23 Jan 2026), low $7.84 (22 Jun 2026).
- Previous close
- $8.43
- 52-week range
- $7.84 – $22.11
- One year
- −48.89%
Overview
- Symbol
- UPWK
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Upwork earnings calls (UPWK)
Financials
What the filings say
Net profit, year on year: −22% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 194 | 191 | 193 | 195 | 202 | 198 | 195 | 192 |
| Operating profit | 21 | 14 | 39 | 33 | 30 | 28 | 33 | 28 |
| Operating margin | 10.7% | 7.1% | 20.1% | 16.7% | 14.8% | 14.3% | 16.7% | 14.7% |
| Profit before tax | 29 | 18 | 45 | 38 | 36 | 34 | 38 | 32 |
| Tax rate | 3.9% | −701.1% | 16.2% | 14.9% | 17.8% | 54.1% | 16.6% | 20.9% |
| Net profit | 28 | 147 | 38 | 33 | 29 | 16 | 31 | 25 |
| EPS ($ per share) | 0.21 | — | 0.28 | 0.25 | 0.22 | — | 0.25 | 0.21 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -143 | -172 | -195 | -251 | -341 | -294 | -78 | 37 |
| Total liabilities | 148 | 187 | 230 | 822 | 831 | 656 | 636 | 669 |
| Fixed assets | 11 | 21 | 28 | 21 | 22 | 27 | 30 | 44 |
| Investments | 0 | 85 | 76 | 498 | 557 | 470 | 316 | 378 |
| Total assets | 392 | 446 | 529 | 1,081 | 1,080 | 1,038 | 1,212 | 1,300 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 14 | 1 | 22 | 11 | 11 | 53 | 154 | 248 |
| Cash from investing | -7 | -101 | -4 | -429 | -69 | 88 | 138 | -137 |
| Cash from financing | 112 | 29 | 55 | 538 | 1 | -140 | -82 | -138 |
| Net cash flow | 119 | -70 | 73 | 120 | -57 | 1 | 209 | -27 |
| Capital expenditure | -3 | -11 | -6 | -1 | -1 | -1 | -4 | -6 |
| Free cash flow | 11 | -10 | 16 | 10 | 10 | 52 | 150 | 242 |
Insider filings
110 filings between Nov 17, 2025 and Sep 18, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$15.80M
43 sales by 6 insiders
37% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 13
- Award — granted as compensation
- 54
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Brown Hayden | — | $12.44M | Sep 18, 2026 |
| Gessert Erica | — | $1.51M | Sep 18, 2026 |
| Bottoms Dave | — | $1.17M | Mar 19, 2026 |
| Kappus Anthony Ray | — | $424.6K | Sep 18, 2026 |
| Steele Gary | — | $218.8K | Nov 21, 2025 |
| Mekhalfa Sabrina | — | $39.6K | Sep 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 8,433 | — |
| Sep 18, 2026 | Brown Hayden President & CEO | Option exercise | 28,677 | — |
| Sep 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Sale | 45,732 | $386.5K |
| Sep 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Option exercise | 114,860 | — |
| Sep 18, 2026 | Brown Hayden President & CEO | Option exercise | 17,733 | — |
| Sep 18, 2026 | Gessert Erica Chief Financial Officer | Sale | 9,336 | $78.9K |
| Sep 18, 2026 | Mekhalfa Sabrina Chief Accounting Officer | Option exercise | 3,578 | — |
| Sep 18, 2026 | Brown Hayden President & CEO | Sale | 23,893 | $201.9K |
| Sep 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 9,700 | — |
| Sep 18, 2026 | Mekhalfa Sabrina Chief Accounting Officer | Sale | 1,299 | $11.0K |
| Aug 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Sale | 1,964 | $16.5K |
| Aug 18, 2026 | Brown Hayden President & CEO | Option exercise 10b5-1 plan | 13,639 | — |
| Aug 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Option exercise | 5,115 | — |
| Aug 18, 2026 | Brown Hayden President & CEO | Sale 10b5-1 plan | 50,000 | $421.4K |
| Aug 18, 2026 | Brown Hayden President & CEO | Option exercise 10b5-1 plan | 18,333 | — |
| Aug 18, 2026 | Gessert Erica Chief Financial Officer | Sale | 22,844 | $192.5K |
| Aug 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 8,524 | — |
| Aug 18, 2026 | Brown Hayden President & CEO | Sale 10b5-1 plan | 23,241 | $195.8K |
| Aug 18, 2026 | Brown Hayden President & CEO | Option exercise 10b5-1 plan | 14,850 | — |
| Aug 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 37,500 | — |
| Jul 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Option exercise | 1,412 | — |
| Jul 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Sale | 558 | $5.1K |
| Jun 18, 2026 | Brown Hayden President & CEO | Sale | 23,468 | $191.3K |
| Jun 18, 2026 | Brown Hayden President & CEO | Option exercise | 17,733 | — |
| Jun 18, 2026 | Mekhalfa Sabrina Chief Accounting Officer | Option exercise | 3,577 | — |
| Jun 18, 2026 | Brown Hayden President & CEO | Option exercise | 28,678 | — |
| Jun 18, 2026 | Gessert Erica Chief Financial Officer | Sale | 9,169 | $74.7K |
| Jun 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 9,700 | — |
| Jun 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 8,432 | — |
| Jun 18, 2026 | Mekhalfa Sabrina Chief Accounting Officer | Sale | 1,276 | $10.4K |
| Jun 4, 2026 | Steele Gary Director | Award | 6,207 | $0 |
| Jun 4, 2026 | EVAN DANA L Director | Award | 20,880 | $0 |
| Jun 4, 2026 | KELMAN GLENN Director | Award | 20,880 | $0 |
| Jun 4, 2026 | KELMAN GLENN Director | Award | 6,207 | $0 |
| Jun 4, 2026 | LISSY DAVID H Director | Award | 20,880 | $0 |
| Jun 4, 2026 | LISSY DAVID H Director | Award | 45,146 | $0 |
| Jun 4, 2026 | HARVEY KEVIN Director | Award | 6,207 | $0 |
| Jun 4, 2026 | HARVEY KEVIN Director | Award | 20,880 | $0 |
| Jun 4, 2026 | LAYTON THOMAS Director | Award | 20,880 | $0 |
| Jun 4, 2026 | LAYTON THOMAS Director | Award | 6,207 | $0 |
| Jun 4, 2026 | BRAMLEY CLAIRE Director | Award | 45,146 | $0 |
| Jun 4, 2026 | Steele Gary Director | Award | 20,880 | $0 |
| Jun 4, 2026 | LAYTON THOMAS Director | Award | 6,772 | $0 |
| May 18, 2026 | Brown Hayden President & CEO | Option exercise 10b5-1 plan | 18,334 | — |
| May 18, 2026 | Brown Hayden President & CEO | Option exercise 10b5-1 plan | 14,850 | — |
| May 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Sale | 1,905 | $16.5K |
| May 18, 2026 | Gessert Erica Chief Financial Officer | Sale | 22,162 | $192.0K |
| May 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 8,524 | — |
| May 18, 2026 | Gessert Erica Chief Financial Officer | Option exercise | 37,500 | — |
| May 18, 2026 | Kappus Anthony Ray GM & Chief Operating Officer | Option exercise | 5,114 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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