Upwork Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 61.9% | -8.8% | -9.9% |
| FY2017 | 67.7% | -1.5% | -2.0% |
| FY2018 | 67.8% | -4.6% | -7.9% |
| FY2019 | 70.7% | -6.2% | -5.5% |
| FY2020 | 72.1% | -6.0% | -6.1% |
| FY2021 | 73.0% | -10.8% | -11.2% |
| FY2022 | 74.1% | -15.0% | -14.5% |
| FY2023 | 75.3% | -1.6% | 6.8% |
| FY2024 | 77.4% | 8.5% | 28.0% |
| FY2025 | 77.8% | 16.4% | 14.7% |