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

- Company: UPWORK INC. (UPWK)
- Period: 2026-01-01 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-ytd-q2-income-statement
- Chart image: https://plicit.ai/charts/upwk-fy2026-ytd-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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

- **Revenue**: 387,143,000 US dollars
- **Cost of revenue**: 89,929,000 US dollars
- **Gross profit**: 297,214,000 US dollars
- **Total operating expenses**: 236,359,000 US dollars
- **Income from operations**: 60,855,000 US dollars
- **Other income (expense), net (calculated)**: 8,958,000 US dollars
- **Income before income taxes**: 69,813,000 US dollars
- **Income tax provision**: 12,948,000 US dollars
- **Net income**: 56,865,000 US dollars
- **Marketplace**: 337,563,000 US dollars
- **Enterprise**: 49,580,000 US dollars
- **Research and development**: 87,201,000 US dollars
- **Sales and marketing**: 72,351,000 US dollars
- **General and administrative**: 72,036,000 US dollars
- **Provision for transaction losses**: 4,771,000 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-ytd-q2-income-statement/revenue-by-sales-channel
- Chart image: https://plicit.ai/charts/upwk-fy2026-ytd-q2-revenue-by-sales-channel-sankey.png

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

- **Revenue**: 387,143,000 US dollars
- **Cost of revenue**: 89,929,000 US dollars
- **Gross profit**: 297,214,000 US dollars
- **Total operating expenses**: 236,359,000 US dollars
- **Income from operations**: 60,855,000 US dollars
- **Other income (expense), net (calculated)**: 8,958,000 US dollars
- **Income before income taxes**: 69,813,000 US dollars
- **Income tax provision**: 12,948,000 US dollars
- **Net income**: 56,865,000 US dollars
- **Talent**: 224,007,000 US dollars
- **Clients**: 163,136,000 US dollars
- **Research and development**: 87,201,000 US dollars
- **Sales and marketing**: 72,351,000 US dollars
- **General and administrative**: 72,036,000 US dollars
- **Provision for transaction losses**: 4,771,000 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-ytd-q2-income-statement/revenue-by-geography-by-sales-channel
- Chart image: https://plicit.ai/charts/upwk-fy2026-ytd-q2-revenue-by-geography-by-sales-channel-sankey.png

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

- **Revenue**: 387,143,000 US dollars
- **Cost of revenue**: 89,929,000 US dollars
- **Gross profit**: 297,214,000 US dollars
- **Total operating expenses**: 236,359,000 US dollars
- **Income from operations**: 60,855,000 US dollars
- **Other income (expense), net (calculated)**: 8,958,000 US dollars
- **Income before income taxes**: 69,813,000 US dollars
- **Income tax provision**: 12,948,000 US dollars
- **Net income**: 56,865,000 US dollars
- **INDIA - Talent**: 24,717,000 US dollars
- **PHILIPPINES - Talent**: 29,137,000 US dollars
- **PAKISTAN - Talent**: 25,928,000 US dollars
- **UNITED STATES - Clients**: 115,858,000 US dollars
- **UNITED STATES - Talent**: 59,076,000 US dollars
- **Rest of world - Clients**: 47,278,000 US dollars
- **Rest of world - Talent**: 85,149,000 US dollars
- **Research and development**: 87,201,000 US dollars
- **Sales and marketing**: 72,351,000 US dollars
- **General and administrative**: 72,036,000 US dollars
- **Provision for transaction losses**: 4,771,000 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.