Welcome to our dedicated page for Upwork news (Ticker: UPWK), a resource for investors and traders seeking the latest updates and insights on Upwork stock.
Upwork Inc. reports developments for a human and AI-powered work marketplace that connects businesses with global independent talent across freelance, agency, fractional and payrolled work. Recurring company updates cover the Upwork Marketplace, Lifted enterprise contingent-work management, Uma™ AI work agent features, SMB offerings such as Business Plus, and integrations that move customers from project scoping to hiring and contracting.
Upwork news also covers financial results, gross services volume, active-client trends, adjusted EBITDA outlook, enterprise pipeline activity, platform trust and integrity partnerships, and capital actions such as common-stock repurchase authorizations.
Upwork (Nasdaq: UPWK) reported second-quarter 2026 revenue of $191.7 million, down 2% year-over-year, on GSV of $966.4 million, down 4%. GAAP net income was $25.4 million (diluted EPS $0.20), a 22% decline, while adjusted EBITDA rose 12% to $64.1 million, a 33% margin.
Active clients fell 4% to 763,000, but GSV per active client hit a record $5,230, up 5%. GSV from AI-related work grew over 22% year-over-year, and the Business Plus SMB offering delivered 174% GSV growth. Upwork repurchased 8.3 million shares for $109.7 million in the first half.
For Q3 2026, the company guides revenue of $176–$184 million and adjusted EBITDA of $50–$54 million. Full-year 2026 guidance is revenue of $730–$750 million and adjusted EBITDA of $225–$235 million, with non-GAAP diluted EPS of $1.38–$1.43.
Upwork (NASDAQ: UPWK) launched the Upwork MCP server, allowing hiring and job-finding actions on Upwork to be initiated directly from AI tools using the Model Context Protocol. AI agents in products such as Claude, ChatGPT, Cursor and other MCP-compatible tools can post jobs, shortlist freelancers, draft offers, summarize proposals, and manage contracts using authenticated Upwork accounts.
The server supports both clients and freelancers, enabling AI-driven discovery of best-fit opportunities, proposal drafting, message summarization, and milestone submission while relying on Upwork’s identity verification, secure payments, escrow, and dispute protections. The Upwork MCP server is available immediately to all clients and freelancers at no additional cost.
Upwork (Nasdaq: UPWK) announced it will release its second quarter 2026 financial results on Monday, August 10, 2026, after market close. Management will host a Q&A conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), with a live webcast and replay available on the Upwork Investor Relations website.
PlayOn Sports, a U.S. high school sports technology company behind GoFan, MaxPreps and the NFHS Network, appointed Dave Bottoms as Chief Product Officer and Celia Poon as Chief Financial Officer. Bottoms joins from Upwork, bringing over 25 years of product and marketplace leadership across Upwork, Meta, Dropbox and Yahoo, and will lead product strategy, development and consumer product marketing across PlayOn’s platforms.
Poon, formerly CFO of Eightfold AI with prior senior roles at Twitter, Zynga, Yahoo, Wag Labs and Highfive, will oversee financial strategy, planning and operations. According to PlayOn Sports, the company now serves more than 8,500 schools and 100 million fans, has equipped schools with automated cameras at no cost, and has returned over $170 million in direct revenue to schools and state associations.
Upwork (Nasdaq: UPWK) released its second annual Future Workforce Index 2026, combining a survey of 2,400 U.S. skilled knowledge workers with Upwork Marketplace data. The research finds that the share of skilled U.S. knowledge workers who freelance rose from 28% to 38% in one year, while 58% of full-time employees are now considering freelancing, up from 36%.
The report shows freelancers performing AI-related work on Upwork earn 34% more per hour than those not using AI. However, not all AI work is gaining value: generative AI and creative production contracts grew 90% year-over-year as per-contract earnings declined 13%. More complex AI-augmented work saw freelancer earnings increase 45% year-over-year, and AI-augmented professional services volumes rose 72% with earnings up 22%. Upwork highlights the emerging role of the “AI Orchestrator,” combining domain expertise, human judgment, and AI tools to deliver business outcomes.
Upwork (NASDAQ: UPWK) launched the Upwork Claude Connector, an app inside Anthropic’s Claude that links project planning directly to hiring on Upwork. Users can describe a project in Claude, receive a shortlist of experts from over 18 million professionals across 130 categories, create a job post, then move to Upwork where Uma, Upwork’s AI work agent, helps manage the project. According to Upwork research, 74% of SMBs plan to increase freelancer hiring, much of it for AI-driven initiatives.
Upwork (Nasdaq: UPWK) announced a Board refresh following its June 4, 2026 Annual Meeting. Claire Bramley, CFO of Xero and former Teradata executive, and David Lissy, former CEO and executive chairman of Bright Horizons, joined the Board and its Audit, Risk, and Compliance Committee, while two long-serving directors concluded their terms.
Upwork (Nasdaq: UPWK) announced that senior management will join a fireside chat at The Jefferies Software Conference in Newport Coast, CA on May 28, 2026, at 11:30 a.m. PT/2:30 p.m. ET.
A live and archived webcast will be accessible via Upwork’s investor relations website, where the company may share material business or financial updates.
Upwork (Nasdaq: UPWK) reported Q1 2026 results: GSV $987.1M (flat), revenue $195.5M (+1% YoY), GAAP net income $31.5M (-17% YoY), adjusted EBITDA $57.4M (+3% YoY), and free cash flow $12.9M (-58% YoY). The company repurchased $107.9M of stock and announced a ~24% workforce reduction plus $16M–$23M restructuring charges. Full‑year 2026 guidance: revenue $760M–$790M; adjusted EBITDA $250M–$260M.
Upwork (NASDAQ: UPWK) announced Upwork Updates Spring 2026 on May 5, 2026, introducing Uma™, its AI work agent, and a redesigned Marketplace to help SMBs find talent faster, start work sooner, and manage projects.
Key features include Uma Recruiter shortlisting now on Basic, an Upwork app in ChatGPT, in-meeting contract generation, AI meeting recaps and transcripts, Work Diary summaries for Business Plus, improved project continuity, and an AI-native homepage highlighting AI roles and skills.