Upwork to Report Third-Quarter Results on November 2 After Market Close
Key Facts
Upwork said it will report third-quarter 2026 results on November 2 after the market closes, with a question-and-answer call scheduled for 5 p.m. Eastern Time that day. The call was still listed as upcoming on the investor relations page when checked, and the results statement was not available. Official materials reviewed therefore do not provide the quarter’s results or a documented update to the annual outlook. The revenue and earnings-per-share figures in the previous draft could not be verified either. The same applies to claims that results beat expectations and that the stock rose afterward.
The company heads into its third-quarter report with guidance issued alongside its second-quarter results: quarterly revenue of $176 million to $184 million and non-GAAP diluted EPS of $0.31 to $0.33. Its fiscal 2026 outlook was revenue of $730 million to $750 million and diluted EPS of $1.38 to $1.43. These are the official guidance ranges available before the third-quarter report; the materials reviewed do not show that they were revised. In the second quarter, Upwork reported revenue of $191.7 million and GAAP net income of $25.4 million. The upcoming report will allow actual quarterly results to be compared with those ranges and show whether the company updates its annual estimates.
For second-quarter activity indicators, gross services volume was $966.4 million, down 4% year over year, while active clients totaled 763,000. Adjusted EBITDA was $64.1 million, up 12% year over year, while GAAP diluted EPS was $0.20. These figures show a mixed picture, with services volume declining and adjusted earnings growing from the same period a year earlier. Upwork said less complex work continues to shift toward automation, while demand is increasing for high-value AI talent and more complex projects. The company added that demand is extending into new work categories among small and midsize businesses and enterprises, and that the November 2 report will provide an update on the following quarter’s performance and the company’s guidance.