Upwork Inc. (UPWK) Income Tax Expense
The tax expense for Upwork Inc. (UPWK) is $37.75 Million with a year-over-year change of +130.16%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
UPWK Tax Expense Chart
Current Tax Expense
$37.75M
$37.75 Million
Year-over-Year Change
+130.16%
vs. $-125.16M prior year
Historical Data
10
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $37.75M | +$162.91M | +130.16% |
| 2024 | $-125.16M | $-127.15M | -6389.40% |
| 2023 | $1.99M | +$1.45M | +271.27% |
| 2022 | $536,000 | +$414,000 | +339.34% |
| 2021 | $122,000 | $-28,000 | -18.67% |
| 2020 | $150,000 | +$122,000 | +435.71% |
| 2019 | $28,000 | +$13,000 | +86.67% |
| 2018 | $15,000 | +$37,000 | +168.18% |
| 2017 | $-22,000 | $-21,000 | -2100.00% |
| 2016 | $-1,000 | — | — |
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