# UPWORK INC. (UPWK) FY2026 Q2 P&L / Income Statement

- Company: UPWORK INC. (UPWK)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-10, accession number 0001627475-26-000047
- Page: https://plicit.ai/financials/upwk/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/upwk-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2026-04-01 through 2026-06-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 191,660,000 US dollars
- **Cost of revenue**: 45,288,000 US dollars
- **Gross profit**: 146,372,000 US dollars
- **Total operating expenses**: 118,235,000 US dollars
- **Income from operations**: 28,137,000 US dollars
- **Other income (expense), net (calculated)**: 3,966,000 US dollars
- **Income before income taxes**: 32,103,000 US dollars
- **Income tax provision**: 6,699,000 US dollars
- **Net income**: 25,404,000 US dollars
- **Marketplace**: 166,858,000 US dollars
- **Enterprise**: 24,802,000 US dollars
- **Research and development**: 43,894,000 US dollars
- **Sales and marketing**: 34,914,000 US dollars
- **General and administrative**: 36,878,000 US dollars
- **Provision for transaction losses**: 2,549,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Sales Channel

- Page: https://plicit.ai/financials/upwk/fy2026-q2-income-statement/revenue-by-sales-channel
- Chart image: https://plicit.ai/charts/upwk-fy2026-q2-revenue-by-sales-channel-sankey.png

Income statement for 2026-04-01 through 2026-06-30. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 191,660,000 US dollars
- **Cost of revenue**: 45,288,000 US dollars
- **Gross profit**: 146,372,000 US dollars
- **Total operating expenses**: 118,235,000 US dollars
- **Income from operations**: 28,137,000 US dollars
- **Other income (expense), net (calculated)**: 3,966,000 US dollars
- **Income before income taxes**: 32,103,000 US dollars
- **Income tax provision**: 6,699,000 US dollars
- **Net income**: 25,404,000 US dollars
- **Talent**: 110,851,000 US dollars
- **Clients**: 80,809,000 US dollars
- **Research and development**: 43,894,000 US dollars
- **Sales and marketing**: 34,914,000 US dollars
- **General and administrative**: 36,878,000 US dollars
- **Provision for transaction losses**: 2,549,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography by Sales Channel

- Page: https://plicit.ai/financials/upwk/fy2026-q2-income-statement/revenue-by-geography-by-sales-channel
- Chart image: https://plicit.ai/charts/upwk-fy2026-q2-revenue-by-geography-by-sales-channel-sankey.png

Income statement for 2026-04-01 through 2026-06-30. View: Geographical by Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 191,660,000 US dollars
- **Cost of revenue**: 45,288,000 US dollars
- **Gross profit**: 146,372,000 US dollars
- **Total operating expenses**: 118,235,000 US dollars
- **Income from operations**: 28,137,000 US dollars
- **Other income (expense), net (calculated)**: 3,966,000 US dollars
- **Income before income taxes**: 32,103,000 US dollars
- **Income tax provision**: 6,699,000 US dollars
- **Net income**: 25,404,000 US dollars
- **INDIA - Talent**: 12,024,000 US dollars
- **PHILIPPINES - Talent**: 14,553,000 US dollars
- **PAKISTAN - Talent**: 12,717,000 US dollars
- **UNITED STATES - Clients**: 57,869,000 US dollars
- **UNITED STATES - Talent**: 29,289,000 US dollars
- **Rest of world - Clients**: 22,940,000 US dollars
- **Rest of world - Talent**: 42,268,000 US dollars
- **Research and development**: 43,894,000 US dollars
- **Sales and marketing**: 34,914,000 US dollars
- **General and administrative**: 36,878,000 US dollars
- **Provision for transaction losses**: 2,549,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.