Upwork Inc. (UPWK) EBITDA Margin: 20.75%
Is Upwork Inc.’s EBITDA margin high or low?
Upwork Inc.'s EBITDA margin of 20.75% is 464% above its 5-year average of 3.68%, near the high end of its 5-year range (-11.92%–20.75%).
As of Wednesday, June 17, 2026. 18.07% above its 12-month average of 17.57%.
UPWK EBITDA Margin Chart
UPWK Average EBITDA Margin Chart
UPWK Current vs Average EBITDA Margin Chart
UPWK EBITDA Margin Metrics
EBITDA MARGIN
20.75%
EBITDA MARGIN AVG TTM
17.57%
EBITDA MARGIN AVG 3Y
8.04%
EBITDA MARGIN AVG 5Y
3.68%
EBITDA MARGIN AVG 10Y
N/A
EBITDA MARGIN AVG 15Y
N/A
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+18.07%
CURRENT VS 3Y AVG
+158.00%
CURRENT VS 5Y AVG
+464.11%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
UPWK Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Upwork Inc. (UPWK) | $1.02B | 20.75% | 17.57% | 8.04% | 3.68% |
| AIAI Holdings Corporation Class A Common Stock (AIAI)vs › | $1.08B | N/A | N/A | N/A | N/A |
| Kforce Inc. (KFRC)vs › | $833.11M | 3.95% | 4.59% | 5.62% | 5.91% |
| Ameresco, Inc. (AMRC)vs › | $1.45B | 12.28% | 11.64% | 11.17% | 11.27% |
| T1 Energy Inc (TE)vs › | $1.57B | -27.85% | -1202.65% | -1202.65% | -1202.65% |
| SCHMID Group N.V. Class A Ordinary Shares (SHMD)vs › | $266.56M | -8.99% | -63.64% | -9.07% | -8.91% |
| Preformed Line Products Company (PLPC)vs › | $1.81B | 10.45% | 11.29% | 13.17% | 12.78% |
| Ampco-Pittsburgh Corporation (AP)vs › | $221.15M | -6.97% | 0.27% | 1.23% | 3.40% |
| Enerpac Tool Group Corp. (EPAC)vs › | $1.90B | 23.72% | 23.09% | 17.72% | 15.66% |
| Werner Enterprises, Inc. (WERN)vs › | $2.39B | 10.24% | 11.26% | 13.97% | 16.54% |
Margin Comparison
Gross Margin
77.5%
EBITDA Margin
20.8%
Operating Margin
15.6%
Net Margin
13.8%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Upwork Inc. EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Upwork Inc. EBITDA Margin FAQ
- What is the EBITDA margin for Upwork Inc. (UPWK)?
- The EBITDA margin for UPWK stock is 20.75%.
- Is Upwork Inc.'s EBITDA margin high or low?
- Upwork Inc.'s EBITDA margin of 20.75% is 464% above its 5-year average of 3.68%, near the high end of its 5-year range (-11.92%–20.75%).
- What is the TTM average EBITDA margin for Upwork Inc. (UPWK)?
- The TTM average EBITDA margin for UPWK stock is 17.57%.
- What is the 3Y average EBITDA margin for Upwork Inc. (UPWK)?
- The 3Y average EBITDA margin for UPWK stock is 8.04%.
- What is the 5Y average EBITDA margin for Upwork Inc. (UPWK)?
- The 5Y average EBITDA margin for UPWK stock is 3.68%.
Upwork Inc. EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 20.75% |
| 2024-12-31 | 14.40% |
| 2023-12-31 | 8.94% |
| 2022-12-31 | -11.92% |
| 2021-12-31 | -7.98% |
| 2020-12-31 | -2.12% |
| 2019-12-31 | -1.96% |
| 2018-12-31 | -5.09% |
| 2017-12-31 | 0.49% |
| 2016-12-31 | -4.20% |
Related Metrics
About Upwork Inc.
Upwork Inc., operating alongside its subsidiaries, provides a leading online work marketplace that connects businesses globally with independent professionals and agencies, spanning the United States, India, the Philippines, and other international markets. The platform grants clients access to a vast and diverse pool of talent, covering a wide array of specializations. These include key areas like sales and marketing, customer service, data science and analytics, creative design, and various aspects of web, mobile, and software development. Beyond talent acquisition, the marketplace also streamlines key operational workflows for businesses, such as sourcing candidates, managing outreach, and facilitating contract agreements. To support effective remote collaborations, Upwork offers a suite of functionalities, including robust communication and collaboration tools, simplified invoicing directly through the platform, and comprehensive payment protection. Upwork's marketplace offerings encompass various service tiers, such as Upwork Basic, Plus, Enterprise, and Payroll solutions, alongside managed and internet escrow agency services. Originally incorporated in 2013 and initially known as Elance-oDesk, Inc., the company rebranded to Upwork Inc. in May 2015. It maintains its headquarters in San Francisco, California.
- Sector
- Industrials
- Industry
- Staffing & Employment Services
- CEO
- Hayden Brown