Upwork Reports Second Quarter 2026 Financial Results
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GSV per Active Client Reaches Record $5,230 Marking Eighth Consecutive Quarter of Sequential Growth Second-quarter revenue of $191.7 million and GAAP net income of $25.4 million Second-quarter adjusted EBITDA of $64.1 million or 33% adjusted EBITDA margin PALO ALTO, Calif., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's human and AI-powered work marketplace, today announced its financial results for the second quarter of 2026. "In the second quarter, Upwork demonstrated solid execution against our strategic plan in a challenging operating environment," said Hayden Brown, president and CEO of Upwork Inc. "While lower-complexity work continues to shift toward automation, we are increasingly seeing what is emerging in its place: growing demand for high-value AI talent, more complex projects, and new categories of work across SMB and Enterprise. We are on track with our enterprise strategy, staying disciplined in how we execute, and continuing to build the AI capabilities that will make Upwork essential infrastructure as work becomes increasingly human-and-agent driven." Second Quarter 2026 Financial Highlights Building the World's Human and AI-Powered Work Marketplace Upwork's guidance for revenue, adjusted EBITDA, diluted weighted-average shares outstanding, and non-GAAP diluted EPS for the third quarter of 2026 is: Key Financial and Operational...
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