Upwork (UPWK) Set to Announce Quarterly Earnings on Monday

Key Points

• Upwork is scheduled to report Q3 2026 earnings after the market closes on Monday, November 2. Analysts expect earnings of approximately $0.316 per share on revenue of $180.25 million, compared with company guidance of $0.310–$0.330 EPS.
• In its previous quarter, Upwork reported $0.41 EPS, beating the $0.34 consensus estimate, while revenue reached $191.66 million but declined 1.7% year over year.
• Investor sentiment remains cautious: analysts have a consensus “Hold” rating and an average price target of $13.05, while shares recently opened at $9.48 after trading between $7.44 and $22.84 over the past year.

Upwork (NASDAQ:UPWK - Get Free Report) is expected to issue its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect Upwork to post earnings of $0.3159 per share and revenue of $180.25 million for the quarter. Upwork has set its FY 2026 guidance at 1.380-1.430 EPS and its Q3 2026 guidance at 0.310-0.330 EPS. Investors may visit the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Monday, November 2, 2026 at 5:00 PM ET.

Upwork (NASDAQ:UPWK - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $191.66 million during the quarter. Upwork had a return on equity of 16.70% and a net margin of 12.94%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share.

Upwork Price Performance

Shares of UPWK stock opened at $9.48 on Monday. Upwork has a 1-year low of $7.44 and a 1-year high of $22.84. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 12.31 and a beta of 1.06. The stock has a 50 day simple moving average of $8.58 and a 200-day simple moving average of $9.01.

Analysts Set New Price Targets

Several equities research analysts recently commented on UPWK shares. Scotiabank cut their price target on shares of Upwork from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Tuesday, August 11th. Weiss Ratings downgraded shares of Upwork from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, July 29th. Canaccord Genuity Group decreased their price objective on shares of Upwork from $10.00 to $9.00 and set a "hold" rating on the stock in a report on Wednesday, August 12th. Royal Bank Of Canada dropped their target price on shares of Upwork from $9.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group set a $11.50 target price on shares of Upwork in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.05.

Insider Buying and Selling at Upwork

In other news, CEO Hayden Brown sold 73,241 shares of Upwork stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $617,421.63. Following the sale, the chief executive officer directly owned 771,076 shares of the company's stock, valued at $6,500,170.68. The trade was a 8.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 22,844 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.43, for a total value of $192,574.92. Following the sale, the chief financial officer owned 364,789 shares of the company's stock, valued at $3,075,171.27. The trade was a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 178,868 shares of company stock valued at $1,509,462 over the last quarter. 4.90% of the stock is currently owned by insiders.

Upwork Company Profile

Upwork Inc operates a global work marketplace that connects businesses with independent professionals and agencies. Clients use the platform to find, evaluate, hire and manage talent for projects across areas such as software development, design, marketing, writing, consulting, customer support and administrative services.

The company provides tools for talent discovery, project collaboration, communications, time tracking, contract management and payments. Its offerings serve both individual clients and larger organizations, with features designed to support recurring engagements, contingent-work programs and enterprise talent management.

Upwork was formed in 2015 through the merger of Elance and oDesk, two online freelance-work platforms, and began trading publicly on the Nasdaq stock exchange in 2018.

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