Upwork Q2 FY26 GAAP net income drops 22% to $25.4 million; revenue falls 2% to $191.7 million
Reuters2026/08/10 20:57- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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