Upwork to Report Q3 Results Monday After 1.7% Revenue Decline Last Quarter

Upwork will report third-quarter results on Monday, November 2, 2026, after market close, with analysts expecting revenue to decline 10.6% year on year, according to TradingView. The online work marketplace beat revenue expectations last quarter with $191.7 million, down 1.7% year on year.

Upwork's Last Quarter and Guidance Miss

Upwork's $191.7 million in revenue came in above analysts' expectations, but the company's guidance for the next quarter missed significantly on both revenue and EBITDA, TradingView reported. The market now expects a 10.6% year-on-year revenue decline this quarter, a reversal from the 4.1% increase recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days. Upwork rarely misses Wall Street's revenue estimates, according to the report.

Upwork is a marketplace where businesses hire freelancers for projects. CEO Hayden Brown said at Goldman Sachs' 2026 technology conference that the company is shifting toward AI-integrated work infrastructure, with Business Plus growing 174% year over year to account for 6.6% of gross services volume, Investing.com reported.

Upwork's Path to the November 2 Report

Upwork announced on October 12, 2026, that it would report third-quarter 2026 financial results on November 2 after market close, with a Q&A conference call at 2:00 p.m. Pacific Time the same day, GlobeNewswire reported. MarketBeat reported on October 26 that analysts expect earnings per share of $0.3159 and revenue of $180.25 million, against company guidance of $0.310 to $0.330 per share for the quarter. AInvest reported on September 13 that Upwork's active client count fell to 763,000 by June 2026, while gross services volume per client rose 5% to a record $5,230 and adjusted EBITDA jumped 12% to $64.1 million.

Fiverr and Freelance.com Results

Fiverr's revenues decreased 15.8% year on year, beating analysts' expectations by 8.4%, TradingView reported. Nasdaq reported on October 28 that Fiverr's stock fell 88.6% and active buyers dropped to 2.7 million, with shares trading below cash value at $7.06 per share in reserves. Freelance.com reported first-half revenue of €551.8 million, up 5% organically, while net income fell 47% to €8.3 million, Staffingindustry reported on October 26.

Upwork's Conference Call

Upwork plans to host a Q&A conference call at 2:00 p.m. Pacific Time on November 2, 2026, with a live webcast available on its investor relations website, according to GlobeNewswire. The company's third-quarter 2026 financial results will be released after market close that day.