Upwork operates a digital labor marketplace that connects businesses with independent contractors, agencies, and specialized talent across multiple service categories. The platform facilitates access to freelancers in areas including software development, design, customer service, sales and marketing, administrative support, and AI-related projects. Beyond matching buyers and sellers, Upwork provides integrated workflow tools covering talent sourcing, contracting, communication, invoicing, and payment processing, along with an escrow service for transaction protection.
The company generates revenue through two primary channels: its marketplace, which serves small and mid-sized businesses and enterprises seeking on-demand talent, and Upwork Payroll, which offers traditional payroll solutions for more structured employment arrangements. Enterprise clients also access specialized services including managed services for outsourced functions and project delivery, as well as Uma, an AI assistant designed for workplace tasks. The company was incorporated in Delaware and originally founded in 1998 as Elance-oDesk before rebranding to Upwork in 2015.
Upwork operates at substantial scale with approximately 630 full-time employees and maintains a global presence spanning the United States, Philippines, India, Pakistan, and other international markets. The company maintains its headquarters in Palo Alto, California and is listed on the Nasdaq exchange.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $0.84 | $0.87 | -44.7% | |
| 2024 | $1.52 | $1.61 | +2433.3% | |
| 2023 | $0.06 | $0.35 | +108.7% | |
| 2022 | $-0.69 | $-0.69 | -56.8% | |
| 2021 | $-0.44 | $-0.44 | — | |
| 2020 | — | — | — | |
| 2019 | — | — | — | |
| 2018 | — | — | — |
| Report Date | Filed | Accession Number | |
|---|---|---|---|
| 2025-12-31 | 2026-02-13 | 0001627475-26-000012 | SEC ↗ |
| 2024-12-31 | 2025-02-13 | 0001627475-25-000011 | SEC ↗ |
| 2023-12-31 | 2024-02-15 | 0001627475-24-000012 | SEC ↗ |
| 2022-12-31 | 2023-02-16 | 0001627475-23-000010 | SEC ↗ |
| 2021-12-31 | 2022-02-15 | 0001627475-22-000009 | SEC ↗ |
| 2020-12-31 | 2021-02-24 | 0001627475-21-000015 | SEC ↗ |
| 2019-12-31 | 2020-03-02 | 0001627475-20-000006 | SEC ↗ |
| 2018-12-31 | 2019-03-07 | 0001627475-19-000007 | SEC ↗ |