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Upwork (UPWK) Reports Earnings Tomorrow: What To Expect

May 05, 2026 at 23:03 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

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Online work marketplace Upwork (NASDAQ: UPWK) will be reporting earnings this Thursday after the bell. Here’s what investors should know.

Upwork met analysts’ revenue expectations last quarter, reporting revenues of $198.4 million, up 3.6% year on year. It was a slower quarter for the company, with a decline in its customers and revenue guidance for next quarter missing analysts’ expectations significantly. It reported 785,000 active customers, down 5.6% year on year.

Is Upwork a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Upwork’s revenue to grow 1.7% year on year, in line with its flat revenue from the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Upwork has a history of exceeding Wall Street’s expectations.

Looking at Upwork’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Fiverr’s revenues decreased 1.6% year on year, beating analysts’ expectations by 1%, and Angi reported a revenue decline of 3.2%, falling short of estimates by 1%. Fiverr traded up 12.4% following the results.

Read our full analysis of Fiverr’s results here and Angi’s results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 11.8% on average over the last month. Upwork is down 8.7% during the same time and is heading into earnings with an average analyst price target of $21.40 (compared to the current share price of $10.35).

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