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Upwork Q2 FY26 GAAP net income drops 22% to $25.4 million; revenue falls 2% to $191.7 million

PUBT·08/10/2026 20:57:37
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Upwork Q2 FY26 GAAP net income drops 22% to $25.4 million; revenue falls 2% to $191.7 million
  • Upwork posted Q2 2026 GAAP net income of USD 25.4 million, down 22% year over year, as revenue slipped 2% to USD 191.7 million.
  • Adjusted EBITDA rose 12% to USD 64.1 million, lifting adjusted EBITDA margin 4.15 percentage points to 33%.
  • GSV fell 4% to USD 966.4 million, while active clients declined 4% to 763,000; GSV per active client climbed 5% to a record USD 5,230.
  • GSV from AI-related work increased more than 22% year over year; AI Strategy & Consulting GSV grew over 50%.
  • Outlook calls for Q3 revenue of USD 176 million-USD 184 million, with adjusted EBITDA of USD 50 million-USD 54 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Upwork Inc. published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.