Upwork (NASDAQ:UPWK) Issues FY 2026 Earnings Guidance

07 May 2026, 17:36 by Renee Jackson · The Cerbat Gem

Upwork (NASDAQ:UPWK – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.500-1.550 for the period, compared to the consensus EPS estimate of 1.430. The company issued revenue guidance of $760.0 million-$790.0 million, compared to the consensus revenue estimate of $841.4 million. Upwork also updated its Q2 2026 guidance to 0.350-0.370 EPS.

Upwork Trading Up 5.3%

Shares of UPWK traded up $0.53 during trading hours on Thursday, reaching $10.61. 7,902,434 shares of the company’s stock traded hands, compared to its average volume of 3,653,782. The stock has a market cap of $1.31 billion, a PE ratio of 12.63 and a beta of 1.07. The firm’s 50 day simple moving average is $11.56 and its 200-day simple moving average is $16.06. Upwork has a 12 month low of $10.02 and a 12 month high of $22.84.

Upwork (NASDAQ:UPWK – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $195.48 million during the quarter, compared to the consensus estimate of $195.90 million. Upwork had a return on equity of 18.76% and a net margin of 14.65%.Upwork has set its FY 2026 guidance at 1.500-1.550 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. As a group, analysts expect that Upwork will post 1.4 earnings per share for the current fiscal year.

Upwork announced that its board has authorized a share buyback program on Wednesday, February 18th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to buy up to 18% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group dropped their target price on Upwork from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Upwork in a research report on Wednesday, January 21st. Scotiabank lowered their price objective on Upwork from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 10th. Canaccord Genuity Group set a $22.00 price objective on Upwork in a research report on Tuesday, February 10th. Finally, Citigroup lowered their price objective on Upwork from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.60.

Read Our Latest Research Report on Upwork

Insider Buying and Selling at Upwork

In other news, insider Dave Bottoms sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $11.49, for a total transaction of $80,430.00. Following the transaction, the insider directly owned 2,678 shares of the company’s stock, valued at approximately $30,770.22. The trade was a 72.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hayden Brown sold 23,745 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $12.31, for a total value of $292,300.95. Following the transaction, the chief executive officer directly owned 798,732 shares in the company, valued at $9,832,390.92. This trade represents a 2.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 235,186 shares of company stock worth $3,156,199. 7.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Upwork

Hedge funds have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new position in shares of Upwork during the fourth quarter valued at approximately $66,000. EverSource Wealth Advisors LLC increased its stake in shares of Upwork by 19,361.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,503 shares of the company’s stock valued at $47,000 after buying an additional 3,485 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Upwork by 103.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,103 shares of the company’s stock valued at $81,000 after buying an additional 2,087 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Upwork by 37.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,629 shares of the company’s stock valued at $112,000 after buying an additional 1,527 shares during the period. Finally, Blair William & Co. IL purchased a new position in shares of Upwork during the fourth quarter valued at approximately $199,000. 77.71% of the stock is owned by hedge funds and other institutional investors.

Upwork Company Profile

(Get Free Report)

Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.