Upwork reported third-quarter 2026 revenue of $185.6 million, down from $201.7 million a year earlier, while GAAP net income rose to $31.8 million and diluted EPS rose to $0.25 from $0.21. Free cash flow fell to $53.9 million from $69.4 million. CFO Erica Gessert will step down effective January 1, 2027, and Chief Business Officer Peter Sanborn was named her successor.
Third-quarter revenue was $185.6 million versus $201.7 million; GSV was $914.1 million versus $1,016.7 million.
GAAP net income was $31.8 million versus $29.3 million; diluted EPS was $0.25 versus $0.21.
Fourth-quarter 2026 revenue guidance is $169 million to $177 million; full-year 2026 guidance is $742 million to $750 million.
Erica Gessert resigns as CFO effective January 1, 2027, and will advise through March 31, 2027; Peter Sanborn, 43, will become CFO, and his compensation terms have not yet been determined.
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From Upwork, Inc.'s 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$787.78M
+2.4%
$0.84
-44.7%
14.7%
FY2024
$769.33M
+11.6%
$1.52
+2433.3%
28.0%
FY2023
$689.14M
+11.5%
$0.06
—
6.8%
FY2022
$618.32M
+23.0%
$-0.69
—
-14.5%
FY2021
$502.80M
+34.6%
$-0.44
—
-11.2%
Frequently asked questions
When is Upwork's next earnings date?
Upwork has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Upwork earn last quarter?
For the quarter ended Sep 2026, Upwork reported diluted EPS of $0.25 (+19.0% year over year) on revenue of $185.60M (-8.0%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.