Upwork Inc Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
1.9%projected annual EPS growth
Analyst Coverage
8analysts covering
FY EPS (est.)
$1.39next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q3 2026 Earnings Release | 4 Nov 2026 |
Monitoring Framework
Key Performance Indicators
Gross Services Volume (GSV) Quarterly987.1MTarget: Flat to modest growth in 2026
Active Clients Quarterly784KTarget: Stabilization and return to growth
Marketplace Take Rate Quarterly1,940.0%Target: Maintain or expand above 19.4%
Adjusted EBITDA Margin Quarterly2,900.0%Target: 35% in the back half of 2026
Watch Items
- AI Substitution HeadwindsTrigger: GSV at high risk of AI replacement exceeding 10%Action: Accelerate rollout of human-supervised AI agents and Claude-powered integrations to offset low-end contract losses.
- Workforce Restructuring ExecutionTrigger: One-time separation charges exceeding $23 millionAction: Review operational efficiency and monitor the realization of the projected $70 million annualized cost base reduction.
- Active Client DeclineTrigger: Active clients dropping below 750,000Action: Re-evaluate SMB marketing spend and optimize the Business+ plan onboarding funnel.
Research as of 19 Jun 2026