Upwork Past Earnings Performance
Past criteria checks 3/6
Upwork has been growing earnings at an average annual rate of 5.1%, while the Professional Services industry saw earnings growing at 10.9% annually. Revenues have been growing at an average rate of 20.8% per year. Upwork's return on equity is 13.8%, and it has net margins of 6.7%.
Key information
5.1%
Earnings growth rate
8.8%
EPS growth rate
| Professional Services Industry Growth | 11.0% |
| Revenue growth rate | 20.8% |
| Return on equity | 13.8% |
| Net Margin | 6.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Upwork (NASDAQ:UPWK) Is Experiencing Growth In Returns On Capital
May 03
Upwork Inc.'s (NASDAQ:UPWK) Share Price Matching Investor Opinion
Apr 16Should You Investigate Upwork Inc. (NASDAQ:UPWK) At US$12.25?
Mar 15Upwork: Green Shoots Are Emerging
Mar 12Upwork: Why I Will Remain On The Fence For Now
Mar 03Shareholders Shouldn’t Be Too Comfortable With Upwork's (NASDAQ:UPWK) Strong Earnings
Feb 22Upwork Is An Interesting Reasonable Growth Candidate
Feb 07Is Upwork (NASDAQ:UPWK) A Risky Investment?
Jan 31Upwork: A Long-Term Investment In The Freelancing Industry
Jan 22Upwork Inc.'s (NASDAQ:UPWK) P/S Still Appears To Be Reasonable
Dec 25At US$13.86, Is It Time To Put Upwork Inc. (NASDAQ:UPWK) On Your Watch List?
Dec 06Is Upwork Inc. (NASDAQ:UPWK) Worth US$13.8 Based On Its Intrinsic Value?
Nov 13Health Check: How Prudently Does Upwork (NASDAQ:UPWK) Use Debt?
Oct 26Is Upwork (NASDAQ:UPWK) A Risky Investment?
Jul 17Upwork Inc. (NASDAQ:UPWK) Not Lagging Industry On Growth Or Pricing
Jun 24Is Upwork (NASDAQ:UPWK) A Risky Investment?
Apr 09Is Upwork (NASDAQ:UPWK) Weighed On By Its Debt Load?
Dec 21Upwork: Decent Execution And A Slight Premium In Valuation
Oct 14Upwork reaffirms Q3 guidance; initiates search for new CFO
Sep 22Upwork: Wait For Better Buying Opportunities
Sep 13Health Check: How Prudently Does Upwork (NASDAQ:UPWK) Use Debt?
Aug 15Upwork Non-GAAP EPS of -$0.04 beats by $0.04, revenue of $156.9M beats by $9.12M
Jul 27Upwork: Long Growth Runway, But Shares Are Not Cheap
Jul 21BTIG lowers PT for Upwork to $30
Jul 11Are Investors Undervaluing Upwork Inc. (NASDAQ:UPWK) By 40%?
Jun 16Upwork: Time For The Relief Rally
Jun 09Revenue & Expenses BreakdownBeta
How Upwork makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 719 | 48 | 325 | 186 |
| 31 Dec 23 | 689 | 47 | 340 | 177 |
| 30 Sep 23 | 667 | 13 | 349 | 173 |
| 30 Jun 23 | 650 | -28 | 370 | 168 |
| 31 Mar 23 | 638 | -48 | 378 | 161 |
| 31 Dec 22 | 618 | -90 | 371 | 155 |
| 30 Sep 22 | 594 | -96 | 362 | 146 |
| 30 Jun 22 | 563 | -80 | 337 | 138 |
| 31 Mar 22 | 531 | -73 | 311 | 131 |
| 31 Dec 21 | 503 | -56 | 288 | 119 |
| 30 Sep 21 | 472 | -33 | 256 | 108 |
| 30 Jun 21 | 441 | -26 | 239 | 98 |
| 31 Mar 21 | 404 | -21 | 219 | 91 |
| 31 Dec 20 | 374 | -23 | 205 | 83 |
| 30 Sep 20 | 348 | -29 | 198 | 77 |
| 30 Jun 20 | 329 | -30 | 189 | 72 |
| 31 Mar 20 | 315 | -22 | 176 | 68 |
| 31 Dec 19 | 301 | -17 | 163 | 64 |
| 30 Sep 19 | 288 | -17 | 150 | 63 |
| 30 Jun 19 | 274 | -20 | 139 | 61 |
| 31 Mar 19 | 263 | -18 | 128 | 58 |
| 31 Dec 18 | 253 | -20 | 122 | 55 |
| 30 Sep 18 | 241 | -25 | 117 | 54 |
| 30 Jun 18 | 229 | -18 | 109 | 51 |
| 31 Mar 18 | 214 | -17 | 101 | 49 |
| 31 Dec 17 | 203 | -11 | 90 | 46 |
| 31 Dec 16 | 164 | -16 | 72 | 38 |
Quality Earnings: UPWK has high quality earnings.
Growing Profit Margin: UPWK became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: UPWK has become profitable over the past 5 years, growing earnings by 5.1% per year.
Accelerating Growth: UPWK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: UPWK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (2.5%).
Return on Equity
High ROE: UPWK's Return on Equity (13.8%) is considered low.