UPWORK, INC (UPWK) Earnings Summary
UPWK Earnings Beat Rate & Surprise History
UPWORK, INC (UPWK) has beaten EPS estimates in 8 of its last 9 reported quarters (+89%), and beaten revenue estimates in 7 of 9 (+78%).
On balance, analysts have tended to underestimate UPWK's earnings. It is currently on a 2-quarter EPS beat streak. The stock has averaged +2.6% the trading day after an EPS beat (positive 63% of the time) and -19.1% after a miss. The average EPS surprise runs +86.1%, with the biggest beat at +621.3% and the biggest miss at -39.7%.
How often UPWK has cleared Wall Street's bar, for EPS and revenue separately, companies can beat one and miss the other. See how analysts are rating it now →
Based on 9 quarters where a report date lines up with price history on record. Reaction day is determined from report timing, for after-market-close (AMC) reports, the reaction shows up the next trading day; for before-market-open (BMO) reports, it's the report day itself.
| Result | Next day | 5 trading days | 20 trading days |
|---|---|---|---|
| EPS beat | +2.6% (63% pos, n=8) | +3.2% (63% pos, n=8) | +6.9% (57% pos, n=7) |
| EPS miss | -19.1% (0% pos, n=1) | -26.9% (0% pos, n=1) | -34.0% (0% pos, n=1) |
Average earnings-day move (either direction): +13.8%. Largest on record: +19.1%.
Every quarter with reaction data, side by side. Rows where the surprise direction and the stock's move disagree are highlighted.
| Quarter | Report Date | EPS Surprise | Rev Surprise | Next-Day Move |
|---|---|---|---|---|
| Q2 '26 | Aug 10, 2026 | +0.4% | +0.9% | -15.0% |
| Q1 '26 | May 7, 2026 | +31.1% | -0.1% | -16.9% |
| Q4 '25 | Feb 9, 2026 | -39.7% | +0.5% | -19.1% |
| Q3 '25 | Nov 3, 2025 | +14.9% | +4.3% | +13.2% |
| Q2 '25 | Aug 6, 2025 | +22.7% | +3.9% | +13.6% |
| Q1 '25 | May 5, 2025 | +41.0% | +2.2% | +18.0% |
| Q4 '24 | Feb 12, 2025 | +621.3% | +6.2% | +6.6% |
| Q3 '24 | Nov 6, 2024 | +47.9% | +4.4% | +11.5% |
| Q2 '24 | Aug 7, 2024 | +35.6% | -0.0% | -10.4% |
A beat doesn't guarantee a rally, and a miss doesn't guarantee a drop, expectations already priced in can flip the reaction.
Beat/miss alone doesn't say how big, a company that beats by 0.1% every quarter behaves very differently from one that swings ±20%.
| Avg Surprise | Median | Largest Beat | Largest Miss | |
|---|---|---|---|---|
| EPS | +86.1% | +31.1% | +621.3% | -39.7% |
| Revenue | +2.5% | +2.2% | +6.2% | -0.1% |
More analysts covering a stock generally means more scrutiny and (often) tighter estimates.
Average surprise size by fiscal quarter, some businesses are just more predictable in certain quarters than others.
| Fiscal Quarter | Avg EPS Surprise | Avg Revenue Surprise | Years on Record |
|---|---|---|---|
| Q1 | +36.0% | +1.0% | 2 |
| Q2 | +19.6% | +1.6% | 3 |
| Q3 | +31.4% | +4.4% | 2 |
| Q4 | +290.8% | +3.3% | 2 |
Each quarter compared to the same fiscal quarter one year earlier, the standard way to strip out seasonality.
| Quarter | Report Date | EPS Growth | Revenue Growth |
|---|---|---|---|
| Q2 '26 | Aug 10, 2026 | -16.7% | -1.7% |
| Q1 '26 | May 7, 2026 | -11.1% | +1.4% |
| Q4 '25 | Feb 9, 2026 | -88.3% | +3.6% |
| Q3 '25 | Nov 3, 2025 | +5.0% | +4.1% |
| Q2 '25 | Aug 6, 2025 | +41.2% | +0.9% |
Objective, rule-based checks, not a subjective rating.
How often does UPWK beat EPS estimates?
UPWORK, INC has beaten EPS estimates in 8 of its last 9 reported quarters, a +89% beat rate. The average surprise is +86.1%.
How often does UPWK beat revenue estimates?
UPWK has beaten revenue estimates in 7 of its last 9 reported quarters, a +78% beat rate.
How does UPWK's stock react to earnings?
Over 9 quarters with price data on record, UPWK has averaged +2.6% the trading day after an EPS beat (positive 63% of the time) and -19.1% after a miss (positive 0% of the time). It has also fallen despite beating both EPS and revenue in 1 instance(s), a reminder that a beat alone doesn't guarantee a positive reaction.
What is UPWK's biggest earnings surprise?
UPWK's largest EPS beat on record is +621.3%, and its largest EPS miss is -39.7%.
Is UPWK currently on an earnings beat or miss streak?
UPWK is on a 2-quarter EPS beat streak. Its longest beat streak on record is 6 quarters; its longest miss streak is 1 quarters.
Do analysts usually underestimate or overestimate UPWK?
Analysts have tended to underestimate UPWK's results, based on a +89% EPS beat rate over the last 9 reported quarters.
Every reported quarter on record, estimate vs. actual.
| Quarter | Report Date | EPS Est | EPS Actual | EPS Surprise | Revenue Est | Revenue Actual | Revenue Surprise | Analysts |
|---|---|---|---|---|---|---|---|---|
| Q2 '26 | Aug 10, 2026 | $0.20 | $0.20 | +0.4% | $189.97M | $191.66M | +0.9% | 6 |
| Q1 '26 | May 7, 2026 | $0.18 | $0.24 | +31.1% | $195.75M | $195.48M | -0.1% | 7 |
| Q4 '25 | Feb 9, 2026 | $0.19 | $0.12 | -39.7% | $197.52M | $198.41M | +0.5% | 7 |
| Q3 '25 | Nov 3, 2025 | $0.19 | $0.21 | +14.9% | $193.33M | $201.73M | +4.3% | 6 |
| Q2 '25 | Aug 6, 2025 | $0.19 | $0.24 | +22.7% | $187.56M | $194.94M | +3.9% | 7 |
| Q1 '25 | May 5, 2025 | $0.19 | $0.27 | +41.0% | $188.51M | $192.71M | +2.2% | 7 |
| Q4 '24 | Feb 12, 2025 | $0.14 | $1.03 | +621.3% | $180.38M | $191.48M | +6.2% | 6 |
| Q3 '24 | Nov 6, 2024 | $0.14 | $0.20 | +47.9% | $185.55M | $193.78M | +4.4% | 6 |
| Q2 '24 | Aug 7, 2024 | $0.12 | $0.17 | +35.6% | $193.14M | $193.13M | -0.0% | 6 |