Upwork Gross Profit 2011-2026 | UPWK

Gross profit is a key indicator of how efficiently a company produces or sells its products. This metric helps assess a business’s ability to generate revenue at the initial stage, before accounting for all other expenses. Regular analysis of gross profit allows companies to respond in a timely manner to changes in cost of goods, pricing strategy, and market conditions.

Calculation formula:
Gross Profit = Revenue – Cost of Goods Sold (COGS)

Revenue — all cash inflows from the sale of goods or services.
Cost of Goods Sold — direct costs related to the production or acquisition of goods:

Raw materials and supplies

Wages of production personnel

Depreciation of equipment

Transportation and warehousing costs (if directly related to production)

Importance for business:

Assessing core business profitability
If gross profit is declining, it may indicate rising production costs or falling sales.
Financial planning
Gross profit is the basis for calculating other key metrics, such as operating and net profit.
Benchmarking against competitors
Gross profit analysis helps compare the efficiency of different companies within the same industry.
Insights into pricing effectiveness
If gross profit is low, the company may be pricing too low or failing to control costs effectively.

Reasons for a decline in gross profit:

Increase in raw material and supply costs
Rising production expenses
Price reductions due to competition
Decrease in sales volume
Currency exchange rate fluctuations (for imports/exports)

Gross profit is an important metric, but it does not provide a complete picture of a company’s financial health, as it does not account for administrative and selling expenses, taxes, debt burden, or depreciation.

Annual Gross Profit Upwork

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
595 M	519 M	458 M	367 M	269 M	212 M	172 M	137 M	102 M	-	-	-	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
595 M	102 M	315 M

Quarterly Gross Profit Upwork

2025-Q3	2025-Q2	2025-Q1	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
156 M	152 M	151 M	-	150 M	149 M	147 M	-	132 M	128 M	120 M	-	118 M	116 M	103 M	-	93.2 M	91.1 M	83.2 M	-	70.2 M	62.1 M	59.7 M	-	55.5 M	52.2 M	47.4 M	-	43.6 M	42.2 M	39.6 M	-	35.4 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
156 M	35.4 M	95.9 M

Gross Profit of other stocks in the Consulting industry

Issuer	Gross Profit	Price	% 24h	Market Cap	Country
Booz Allen Hamilton Holding Corporation BAH	4.08 B	$ 80.0	1.66 %	$ 10.2 B	USA
Global Internet of People SDH	-5.8 M	-	1.0 %	$ 49.8 M	China
Barrett Business Services BBSI	253 M	$ 28.13	-0.07 %	$ 734 M	USA
BGSF BGSF	21.5 M	$ 6.26	-0.16 %	$ 68.5 M	USA
Cross Country Healthcare CCRN	48 M	$ 9.34	5.36 %	$ 303 M	USA
Automatic Data Processing ADP	6.09 B	$ 209.92	0.78 %	$ 85.5 B	USA
CRA International CRAI	134 M	$ 160.06	3.64 %	$ 1.06 B	USA
HeadHunter Group PLC HHR	8.09 B	-	-	-	Cyprus
DHI Group DHX	133 M	$ 2.44	-5.06 %	$ 109 M	USA
Equifax EFX	1.99 B	$ 182.0	-0.91 %	$ 22.4 B	USA
Exponent EXPO	391 M	$ 65.1	0.93 %	$ 3.33 B	USA
Franklin Covey Co. FC	204 M	$ 11.51	-1.96 %	$ 149 M	USA
FTI Consulting FCN	1.22 B	$ 167.86	1.74 %	$ 5.46 B	USA
Forrester Research FORR	265 M	$ 6.02	-1.95 %	$ 114 M	USA
Greenpro Capital Corp. GRNQ	3.07 M	$ 2.2	6.04 %	$ 16.7 M	China
HireQuest HQI	6.54 M	$ 10.38	3.28 %	$ 143 M	USA
IHS Markit Ltd. INFO	2.7 B	-	-1.21 %	$ 50.9 B	Bermuda
51job, Inc. JOBS	2.43 B	-	-0.05 %	$ 4.11 B	China
Huron Consulting Group HURN	301 M	$ 127.04	1.24 %	$ 2.22 B	USA
Magal Security Systems Ltd. MAGS	34.4 M	-	-3.95 %	$ 90.2 M	Israel
ICF International ICFI	525 M	$ 66.56	0.2 %	$ 1.25 B	USA
Professional Diversity Network IPDN	3.67 M	$ 1.36	-0.77 %	$ 1.7 M	USA
Kelly Services Class A KELYA	853 M	$ 8.4	0.24 %	$ 295 M	USA
Kforce KFRC	361 M	$ 26.01	0.5 %	$ 460 M	USA
Korn Ferry KFY	1.85 B	$ 61.16	1.13 %	$ 3.17 B	USA
ASGN Incorporated ASGN	1.14 B	$ 35.46	-0.66 %	$ 1.87 B	USA
ManpowerGroup MAN	3 B	$ 26.7	2.46 %	$ 1.24 B	USA
Mastech Digital MHH	53.1 M	$ 5.84	5.8 %	$ 68.6 M	USA
Paychex PAYX	2.76 B	$ 91.53	0.98 %	$ 33 B	USA
Resources Connection RGP	207 M	$ 3.78	2.03 %	$ 125 M	USA
Robert Half International RHI	2 B	$ 22.8	0.31 %	$ 2.28 B	USA
TrueBlue TBI	368 M	$ 3.63	2.98 %	$ 108 M	USA
TriNet Group TNET	664 M	$ 37.24	-0.27 %	$ 1.79 B	USA
Thomson Reuters Corporation TRI	3.72 B	$ 92.12	-1.9 %	$ 62.3 B	USA
TransUnion TRU	1.78 B	$ 71.62	-1.94 %	$ 13.9 B	USA
Volt Information Sciences, Inc. VOLT	128 M	$ 34.31	0.18 %	$ 738 M	USA
Verisk Analytics VRSK	1.63 B	$ 201.45	-1.44 %	$ 28.1 B	USA
Nielsen Holdings plc NLSN	3.53 B	-	0.02 %	$ 10.1 B	Niderland
Heidrick & Struggles International HSII	528 M	-	-	$ 1.2 B	USA
GEE Group JOB	37.6 M	$ 0.25	-4.97 %	$ 27.4 M	USA
Hudson Global HSON	39.1 M	-	0.05 %	$ 30.3 M	USA
Insperity NSP	820 M	$ 22.76	-1.47 %	$ 875 M	USA
ShiftPixy PIXY	878 K	-	-14.3 %	$ 3.31 M	USA
Staffing 360 Solutions STAF	28.5 M	-	-23.82 %	$ 7.81 M	USA
7GC & Co. Holdings VII	3.11 M	-	-	$ 124 M	USA
Kelly Services Class B KELYB	853 M	$ 13.5	-	$ 474 M	USA