Upwork Q2 2026: Revenue down 2% to $191.7M, adjusted EBITDA up 12% to $64.1M

UPWORK, INC

Revenue $191.7M (-2% YoY); GAAP net income $25.4M (-22%); diluted EPS $0.20 vs $0.24 prior.
Adjusted EBITDA $64.1M (+12% YoY) at 33% margin; GSV $966.4M (-4% YoY).
GSV per active client record $5,230 (+5% YoY), 8th straight sequential gain; active clients 763k (-4% YoY).
Q3 guidance: revenue $176-184M, adj EBITDA $50-54M, non-GAAP EPS $0.31-0.33; FY26 revenue $730-750M.
AI-related GSV up >22% YoY; Business Plus GSV up 174% YoY; share repurchases $109.7M in H1.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.