Upwork (UPWK) revenue breakdown
By product, Marketplace is the largest at 87% of fiscal 2025 revenue, growing 10% a year over 3 years.
Revenue by product
Fiscal years, as Upwork reports them in its 10-K filings; fiscal 2025 total $788M.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Marketplace | — | — | — | — | — | — | $518M | $586M | $662M | $683M | 87% |
| Enterprise | — | — | — | $253M | $318M | $427M | $100M | $103M | $107M | $105M | 13% |
| Marketplace | $138M | $178M | $224M | — | — | — | — | — | — | — | — |
| Enterprise and Managed Services | — | — | — | — | — | $75M | — | — | — | — | — |
| Managed services | $26M | $25M | $30M | $32M | $35M | — | — | — | — | — | — |
| Enterprise | — | — | — | $15M | $20M | — | — | — | — | — | — |
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Where does Upwork make its money?
In fiscal 2025, by product: Marketplace $683M, Enterprise $105M.
From Upwork's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.