Upwork (NASDAQ:UPWK) Announces FY 2026 Earnings Guidance

Upwork (NASDAQ:UPWK) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.450-1.470 for the period, compared to the consensus estimate of 1.400. The company issued revenue guidance of $742.0 million-$750.0 million, compared to the consensus revenue estimate of $742.1 million. Upwork also updated its Q4 2026 guidance to 0.300-0.320 EPS.

Upwork Price Performance

NASDAQ UPWK opened at $10.33 on Thursday. Upwork has a 1 year low of $7.44 and a 1 year high of $22.84. The stock has a market capitalization of $1.30 billion, a PE ratio of 12.75 and a beta of 1.03. The company’s 50 day simple moving average is $8.72 and its two-hundred day simple moving average is $10.55.

Upwork (NASDAQ:UPWK) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.31 by $0.09. The firm had revenue of $185.60 million during the quarter, compared to the consensus estimate of $180.22 million. Upwork had a net margin of 13.53% and a return on equity of 16.92%.

Analysts Set New Price Targets

UPWK has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price objective on Upwork from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Upwork in a research note on Tuesday, October 27th. BTIG Research reaffirmed a “neutral” rating on shares of Upwork in a report on Tuesday. Needham & Company LLC lifted their price target on Upwork from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $8.00 price objective on shares of Upwork in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.55.

Insider Activity

In other news, COO Anthony Kappus sold 45,732 shares of Upwork stock in a transaction on Friday, September 18th. The shares were sold at an average price of $8.45, for a total transaction of $386,435.40. Following the completion of the sale, the chief operating officer directly owned 76,342 shares of the company’s stock, valued at approximately $645,089.90. The trade was a 37.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Erica Gessert sold 9,336 shares of Upwork stock in a transaction on Friday, September 18th. The stock was sold at an average price of $8.45, for a total transaction of $78,889.20. Following the sale, the chief financial officer directly owned 373,586 shares of the company’s stock, valued at $3,156,801.70. This represents a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 178,868 shares of company stock worth $1,509,462. 4.90% of the stock is currently owned by corporate 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.