Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Upwork revenue
Upwork's revenue is $769.3 million.
What is Upwork's revenue?
- Upwork's revenue growth from 2017 to 2024 is 279.82%.
- Upwork has 540 employees, and the revenue per employee ratio is $1,424,675.
- Upwork's peak quarterly revenue was $193.8M in 2024(q3).
- Upwork peak revenue was $769.3M in 2024.
- Upwork annual revenue for 2023 was 689.1M, 11.45% growth from 2022.
- Upwork annual revenue for 2024 was 769.3M, 11.64% growth from 2023.
On this page
Zippia finds jobs where you're a top candidate and applies on your behalf.
Upwork historical revenue
Upwork's peak revenue was $769.3M in 2024. The peak quarterly revenue was $193.8M in 2024(q3).
Upwork's revenue increased from $202.6m in 2017 to $769.3M currently. That's a 279.82% change in annual revenue.
Upwork annual revenue
Upwork annual revenue over time
| Fiscal year / year | Upwork revenue |
|---|---|
| 2017 | $202.6M |
| 2018 | $253.4M |
| 2019 | $300.6M |
| 2020 | $373.6M |
| 2021 | $502.8M |
| 2022 | $618.3M |
| 2023 | $689.1M |
| 2024 | $769.3M |
Rate Upwork's financial transparency
Upwork annual growth
Upwork saw the greatest revenue growth in 2021, when revenue increased by 34.57%.
Upwork had the lowest revenue growth in 2019, when revenue changed by 18.63%.
Upwork annual growth rate over time
| Year | Upwork growth |
|---|---|
| 2018 | 25%↑ |
| 2019 | 19%↑ |
| 2020 | 24%↑ |
| 2021 | 35%↑ |
| 2022 | 23%↑ |
| 2023 | 11%↑ |
| 2024 | 12%↑ |
Upwork quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Upwork quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2018 | - | - | $64.1M | $67.3M |
| 2019 | $68.9M | $74.3M | $78.0M | $80.3M |
| 2020 | $83.2M | $87.5M | $96.7M | $106.2M |
| 2021 | $113.6M | $124.2M | $128.1M | $136.9M |
| 2022 | $141.3M | $156.9M | $158.6M | $161.4M |
| 2023 | $160.9M | $168.6M | $175.7M | $183.9M |
| 2024 | $190.9M | $193.1M | $193.8M | $191.5M |
Upwork jobs nearby
Do you work at Upwork?
Is Upwork transparent about its revenue structure?
Upwork financial information
| CEO | Hayden Brown |
| Company Type | Public |
| Employees Number | 540 |
| Date Founded | 1999 |
| Headquarters | San Francisco, California |
| Number of Locations | 2 |
| Revenue | $769.3M |
| Net Income | -$89,885,000 |
| Gross Proft | $595.2M (2024) |
| Tax Rate | -1.4% |
| Total Assets | $1,080,245,000 |
| Ticker | UPWK |
Upwork jobs you might like
Upwork financing
Upwork received early financing of $12.0M on 2000-02-01.
| Series | Round size | Date |
|---|---|---|
| Series Unknown | $12M | 02/2000 |
| Series Unknown | $50M | 09/2000 |
| Series Unknown | $6.8M | 04/2003 |
| Series Unknown | $10M | 08/2004 |
| Series A | $6M | 04/2006 |
| Series B | $8M | 09/2006 |
| Series C | $15M | 06/2008 |
| Series Unknown | $16M | 01/2012 |
| Series D | $15M | 03/2012 |
| Series Unknown | $30M | 11/2014 |
Upwork investors
| Investors | Security type |
|---|---|
| Kleiner Perkins | Series Unknown |
| Integral Capital Partners | Series Unknown |
| Kleiner Perkins | Series Unknown |
| Pequot Capital | Series Unknown |
| Charter Venture Group | Series Unknown |
| Citigroup Inc. | Series Unknown |
| Focus Ventures | Series Unknown |
| New Enterprise Associates (NEA) | Series Unknown |
| Kleiner Perkins | Series Unknown |
| Pequot Capital | Series Unknown |
| New Enterprise Associates (NEA) | Series Unknown |
| Kleiner Perkins | Series Unknown |
| Pequot Capital | Series Unknown |
| Globespan Capital Partners | Series A |
| Sigma Partners | Series A |
| SV Angel | Series A |
| Benchmark | Series B |
| Globespan Capital Partners | Series B |
| Sigma Partners | Series B |
| Benchmark | Series C |
| DAG Ventures | Series C |
| Globespan Capital Partners | Series C |
| Sigma Partners | Series C |
| Stripes | Series Unknown |
| New Enterprise Associates (NEA) | Series Unknown |
| Kleiner Perkins | Series Unknown |
| Benchmark | Series D |
| Globespan Capital Partners | Series D |
| Sigma Partners | Series D |
| T. Rowe Price Group, Inc. | Series D |
| Stripes | Series Unknown |
| FirstMark Capital | Series Unknown |
| Benchmark | Series Unknown |
| New Enterprise Associates (NEA) | Series Unknown |
| Jackson Square Ventures | Series Unknown |
| T. Rowe Price Group, Inc. | Series Unknown |
Upwork competitors
Upwork's top competitor, Square, earned an annual revenue of $24.1B.
Upwork's smallest competitor is Issue Media Group with revenue of $260.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| DocuSign | $135,649 | $3.0B | 7,461 | 142 |
| Brafton | $69,664 | $17.5M | 200 | 2 |
| The Associated Press | $62,361 | $568.1M | 3,300 | - |
| Bridgehead Media | $46,634 | $13.0M | 750 | - |
| Square | $119,615 | $24.1B | 3,835 | 8 |
| The Editors | $54,022 | - | - | 7 |
| Book in a Box | $47,131 | $640,000 | 30 | - |
| Twilio | $132,264 | $4.5B | 6,000 | 19 |
| Okayplayer | $52,671 | $1.0M | 30 | - |
| IBT Media | $60,422 | $14.0M | 350 | - |
Search for jobs
Related company revenues
Working at related companies
Related company jobs
Upwork highest paying jobs
Zippia gives an in-depth look into the details of Upwork, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Upwork. The employee data is based on information from people who have self-reported their past or current employments at Upwork. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Upwork. The data presented on this page does not represent the view of Upwork and its employees or that of Zippia.
Upwork may also be known as or be related to UPWORK, INC, Upwork and Upwork Global Inc.