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2026-09-10 14:54 5d ago
2026-09-10 10:27 6d ago
Upwork Inc. (UPWK) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript
UPWK Upwork
FMP Stock News
Original source text
Upwork Inc. (UPWK) Goldman Sachs Communacopia + Technology Conference 2026 September 9, 2026 6:05 PM EDT

Company Participants

Hayden Brown - President, CEO, Interim Principal Financial Officer & Director

Conference Call Participants

Eric Sheridan - Goldman Sachs Group, Inc., Research Division

Presentation

Eric Sheridan
Goldman Sachs Group, Inc., Research Division

I think with that, I know there's going to be people that it's amazing how in 5 minutes, people drifted out of rooms. But let's get started in the interest of time, just to keep the trains running. It's my pleasure to have Upwork back at the conference again this year, Hayden Brown, CEO. Hayden, you are always so generous coming every year. Thanks for [ all the conversations ].

Hayden Brown
President, CEO, Interim Principal Financial Officer & Director

Thanks for having me.

Question-and-Answer Session

Eric Sheridan
Goldman Sachs Group, Inc., Research Division

Absolutely. So, let's just start. I always do like to start a little bit big picture for the folks who don't know the company as well. Talk a little bit about what you're building, what you're scaling, what your key strategic priorities are, and then we'll build off that answer a little bit deeper.

Hayden Brown
President, CEO, Interim Principal Financial Officer & Director

Yes. Upwork, I think, has always been more than meets the eye. I've been at the company for 15 years. And I think one of the things people discover when they really get to know the business is it's much more than just a talent matching platform or a place for people to come find freelance talent. We really serve customers on both sides, clients, which are small businesses through large enterprise, as well as independent talent with the full end-to-end product around not just finding great talent or finding great work, but also delivering on and getting paid for, paying for that
2026-09-07 16:57 8d ago
2026-09-07 11:20 9d ago
Upwork Inc. (UPWK) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
UPWK Upwork
FMP Stock News
Original source text
BENSALEM, Pa., Sept. 07, 2026 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN UPWORK INC. (UPWK), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?
On May 7, 2026, Upwork released its first quarter 2026 financial results, revealing that gross service volume was approximately flat year-over-year and the number of active clients had declined. The Company also cut its full year revenue guidance and stated that “the pace of AI automation was faster than previously seen” and the “overall impact of AI is marginally a net headwind for Upwork today.”

On this news, Upwork’s stock price fell $1.79, or 16.9%, to close at $8.82 per share on May 8, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:
If you purchased Upwork securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com
2026-09-04 18:29 11d ago
2026-09-04 12:10 12d ago
Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
UPWK Upwork
FMP Stock News
Original source text
LOS ANGELES, Sept. 04, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz continues its investigation of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON UPWORK INC. (UPWK), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.  

What Is The Investigation About?
On May 7, 2026, Upwork released its first quarter 2026 financial results, revealing that gross service volume was approximately flat year-over-year and the number of active clients had declined. The Company also cut its full year revenue guidance and stated that “the pace of AI automation was faster than previously seen” and the “overall impact of AI is marginally a net headwind for Upwork today.”

On this news, Upwork’s stock price fell $1.79, or 16.9%, to close at $8.82 per share on May 8, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:
If you purchased Upwork securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.  
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com
2026-09-03 23:00 12d ago
2026-09-03 16:45 12d ago
Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
UPWK Upwork
FMP Stock News
Original source text
LOS ANGELES, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) investors concerning the Company’s possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON UPWORK INC. (UPWK), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?
On May 7, 2026, Upwork released its first quarter 2026 financial results, revealing that gross service volume was approximately flat year-over-year and the number of active clients had declined. The Company also cut its full year revenue guidance and stated that “the pace of AI automation was faster than previously seen” and the “overall impact of AI is marginally a net headwind for Upwork today.”

On this news, Upwork’s stock price fell $1.79, or 16.9%, to close at $8.82 per share on May 8, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice
Persons with non-public information regarding Upwork should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].

About Glancy Prongay Wolke & Rotter LLP
GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
2026-08-31 11:50 16d ago
2026-08-26 16:08 20d ago
Upwork to Present at Goldman Sachs Communacopia + Technology Conference
UPWK Upwork
FMP Stock News
Original source text
 | Source: Upwork Inc.

PALO ALTO, Calif., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s human and AI-powered work marketplace, today announced that senior management will participate in a fireside chat at The Goldman Sachs Communacopia Conference in San Francisco, CA on Wednesday, September 9, 2026 at 3:05 p.m. PT/6:05 p.m. ET.

A live webcast of the fireside chat will be available in the Events and Presentations section of Upwork’s Investor Relations website at investors.upwork.com. A webcast archive will be available following the event for approximately 90 days at the same address. Please contact the financial institution hosting the conference for additional details. During the course of these events, Upwork may disclose material developments affecting its business and/or financial performance.

About Upwork
Upwork Inc.’s (Nasdaq: UPWK) family of companies connects businesses with global, AI-enabled talent across every contingent work type including freelance, agency, fractional, and payrolled. This portfolio includes the Upwork Marketplace, which connects businesses with on-demand access to highly skilled talent across the globe, and Lifted, which provides a purpose-built solution for enterprise organizations to source, contract, manage, and pay talent across the full spectrum of contingent work. From Fortune 100 enterprises to entrepreneurs, businesses rely on Upwork Inc. to find and hire expert talent, leverage AI-powered work solutions, and drive business transformation. With access to professionals spanning more than 10,000 skills across AI & machine learning, software development, sales & marketing, customer support, finance & accounting, and more, the Upwork family of companies enables businesses of all sizes to scale, innovate, and transform their workforces for the age of AI and beyond.

Since its founding, Upwork Inc. has facilitated more than $30 billion in total transactions and services as it fulfills its purpose to create opportunity in every era of work. Learn more about the Upwork Marketplace at upwork.com and follow on LinkedIn, Facebook, Instagram, TikTok, and X; and learn more about Lifted at go-lifted.com and follow on LinkedIn.

Investor Relations Contact:
[email protected]

Media Contact:
Janine Kamwene
Vice President of Communications
[email protected]
2026-08-13 01:33 1mo ago
2026-08-12 21:26 1mo ago
Upwork: Earnings Selloff Is A Time To Buy, But AI Is A Real Threat
UPWK Upwork
FMP Stock News
Original source text
Upwork faces significant AI-driven challenges, but its current low valuation offers a compelling risk-reward profile. UPWK trades at a non-GAAP PE of 6.64, with robust 77.5% gross margins and a 22% levered FCF margin, providing downside protection. Recent quarterly results were unexciting: revenue beat guidance but declined YoY; forward guidance was lowered, reflecting ongoing headwinds.
2026-08-11 20:39 1mo ago
2026-08-11 14:26 1mo ago
Upwork stock tumbles as weak guidance overshadows Q2 earnings beat
UPWK Upwork
FMP Stock News
Original source text
Shares of Upwork were headed for their worst single-day decline in three months on Tuesday after the freelance marketplace issued weaker-than-expected guidance, overshadowing second-quarter results that topped revenue and earnings estimates.

Upwork shares fell nearly 13% in trading.

For the second quarter, the company reported earnings per share of $0.41 on revenue of $191.7 million, exceeding Wall Street expectations of $0.34 per share on revenue of $190 million, according to Fiscal.ai data.

However, investors focused on the company's outlook.

Upwork forecast third-quarter earnings per share of $0.31 to $0.33 on revenue between $176 million and $184 million, below analyst expectations of $0.41 per share on revenue of $193.8 million.

The company also lowered its full-year guidance, reducing its revenue forecast to $730 million-$750 million from a previous range of $760 million-$790 million. It also cut its adjusted earnings outlook to $1.38-$1.43 per share from $1.50-$1.55.

Following the results, Wall Street offered mixed reactions while highlighting continued challenges facing the business.

RBC Capital maintained its Sector Perform rating but reduced its price target to $8 from $9, describing the quarter as difficult.

The brokerage cited both artificial intelligence-driven structural changes and Google's search algorithm updates as key headwinds affecting customer acquisition.

“On top of known AI secular headwinds, Google's May/June SEO changes are driving traffic headwinds, which have yet to stabilize into Q3,” the firm said in its note.

Goldman Sachs took a more optimistic view, maintaining its Buy rating while lowering its price target to $11.50 from $17.50.

The bank said the company delivered "solid execution despite macro and labor-market pressure," highlighting accelerating AI-related work, Business Plus adoption, higher gross services volume per client and enterprise initiatives as potential long-term growth drivers.

Despite the revenue beat, Upwork's business continued to show signs of pressure.

Second-quarter revenue declined 1.7% from a year earlier, while active clients fell 4% year over year to 763,000. Gross services volume per client increased 5% to $5,230, partially offsetting the decline in customers.

Chief Executive Officer Hayden Brown acknowledged that AI-driven automation and Google's search changes continued to weigh on the business heading into the third quarter.

“Google's changes to search have dampened new customer acquisition with accelerated negative impact in Q2,” Brown said. She added that while Upwork's SEO rankings have continued to improve, “the channel overall is smaller.”

To reduce its reliance on Google, the company is expanding customer acquisition through paid search, answer engine optimization and referrals generated by large language models.

Brown said the cost per new contract start improved 22% quarter over quarter, allowing the company to increase investment in paid acquisition.

Brown also said AI is creating new opportunities despite reducing demand for some categories of freelance work.

“While AI automation shrinks demand for some types of work on our platform, AI creates new demand in other areas,” Brown said.

She added that businesses are increasingly turning to Upwork to find professionals who can complete or repair projects initially created using AI.

The company has also introduced its MCP Server, allowing Upwork jobs and freelancers to be accessed through AI tools.

“These levers give us new paths to acquire customers in this unfolding AI and marketing landscape,” she said.
2026-08-11 18:15 1mo ago
2026-08-11 12:33 1mo ago
Why Upwork Stock Is Plummeting Today
UPWK Upwork
FMP Stock News
Original source text
Upwork (UPWK -13.38%) stock is losing ground on Tuesday following the release of the company's second-quarter results. The company's share price was down 12.2% as of 12:30 p.m. ET. At the same point in the daily session, the S&P 500 and the Nasdaq Composite had fallen 0.2% and 0.4%, respectively.

After the market closed yesterday, Upwork published its Q2 numbers. Results in the period were mixed, with earnings coming in below expectations despite a sales beat. Making matters worse, the gig-economy marketplace company lowered its full-year guidance.

Image source: Getty Images.

Upwork's mixed Q2 results weren't enough to excite investors Upwork reported sales of roughly $191.7 million in the second quarter, beating the average analyst estimate by roughly $1.7 million. On the other hand, earnings per share of $0.20 in the period missed the average Wall Street target by $0.01. Sales were still down 1.7% year over year in the quarter, and active clients on the company's platform declined roughly 4% year over year to 763,000. A 5% increase in gross service volume (GSV) per customer to $5,230 helped offset the client decline, but the business is facing persistent headwinds.

Today's Change

(

-13.38

%) $

-1.32

Current Price

$

8.52

What's next for Upwork? With its Q2 report, Upwork lowered its full-year sales guidance to between $730 million and $750 million -- down from previous guidance for sales between $760 million and $790 million. Management also now expects non-GAAP (adjusted) earnings per share to be between $1.38 and $1.43 -- down from its previous target for earnings per share between $1.50 and $1.55.

Upwork CEO Hayden Brown called out automation driven by artificial intelligence technologies as a key reason for the downward revisions and also cited the lack of improvements in the labor market. The company's Q2 report delivered no indication that AI-related pressures are easing, and the trend could continue to depress the stock.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends Upwork. The Motley Fool has a disclosure policy.
2026-08-11 15:50 1mo ago
2026-08-11 09:17 1mo ago
Upwork Inc. (UPWK) Q2 2026 Earnings Call Transcript
UPWK Upwork
FMP Stock News
Original source text
Upwork Inc. (UPWK) Q2 2026 Earnings Call Transcript
2026-08-11 03:48 1mo ago
2026-08-10 22:05 1mo ago
Upwork Q2 Earnings Call Highlights
UPWK Upwork
FMP Stock News
Original source text
MarketBeat Week in Review – 12/15 - 12/19Upwork NASDAQ: UPWK reported second-quarter 2026 revenue of $191.7 million, at the high end of its guidance range, while adjusted EBITDA of $64.1 million exceeded the company’s outlook. Management said disciplined cost management supported profitability as the company navigated accelerating AI-related automation, weaker Google search referrals and a subdued labor market.

Chief Executive Officer Hayden Brown said the company is prioritizing customer value and higher-value work rather than client volume. Gross services volume, or GSV, totaled $966 million in the quarter, reflecting what Brown described as the ongoing reduction of lower-value and highly automatable work, along with changes in new-client acquisition.

Get Upwork alerts:

Higher-value clients and monetization support results Can Upwork Maintain Its Comeback? Reasons to Be Bullish and BearishUpwork said GSV per active client reached a record $5,230, rising 5% from a year earlier and marking the eighth consecutive quarter of sequential growth in the metric. The company’s active client count was 763,000, a figure management said remains under pressure from AI automation, search trends, labor-market conditions and its own focus on customer value over volume.

Business Plus, the company’s offering for larger small and midsize business customers, continued to exceed internal plans. GSV through Business Plus increased 174% year over year, according to Brown. The company also said GSV per new client grew year over year, while its average spend per contract reached an all-time high over a trailing 12-month period.

Upwork's Stock Soars on Q3 Blowout and a New AI BlueprintRevenue from advertising and monetization tools—including dynamic pricing, Connects and Business Plus—rose 15% year over year. Connects and talent subscriptions represented 15% of total revenue. Upwork reported a 19.8% take rate for the quarter and said the higher-margin revenue streams also improve matching quality.

Non-GAAP gross margin was 77%, near record levels, and adjusted EBITDA margin was 33.4%. Free cash flow totaled $35.9 million, including the impact of one-time restructuring-related cash payments. Upwork said its restructuring program, announced in May, is expected to produce about $40 million in realized savings during fiscal 2026 from an annualized $70 million reduction in operating expenses.

AI work expands even as automation pressures demand Brown said AI-related automation accelerated during the quarter, particularly in lower-complexity work that Upwork had previously identified as more exposed to automation. At the same time, the company reported 22% year-over-year growth in GSV from jobs explicitly requesting AI-related work, reaching an approximate annualized run rate of $330 million.

Management said that figure likely understates the amount of AI-related activity on the platform because many clients now expect AI capabilities without specifically mentioning AI in their job posts. In a recent talent survey cited by Brown, nearly half of respondents said their most recent jobs involved AI, while only 16% of those job posts explicitly referenced AI.

Upwork’s AI strategy and consulting category grew 51% year over year in the second quarter. Brown said small and midsize businesses are increasingly hiring AI experts to help apply AI tools to specific industries, workflows and business problems.

The company also announced its Upwork MCP Server, which is intended to support agentic interactions across the marketplace. Upwork said it embedded its services into ChatGPT and Claude during the second quarter, and the MCP Server makes Upwork talent and jobs available within AI tools that connect to its MCP. Brown said the product is designed to let clients and their AI agents hire and collaborate with freelancers without leaving their preferred AI environments.

Search changes prompt acquisition shift Management said Google’s changes to search referrals and search-page layout reduced the number of searches resulting in referrals to businesses, dampening Upwork’s new-client acquisition. Brown said the deterioration was especially pronounced in non-brand search during the second quarter and has not yet stabilized.

Upwork’s updated outlook assumes that search-related impacts will worsen through the third and fourth quarters. The company is responding by increasing paid acquisition investments by approximately $5 million to $10 million in the second half of the year.

Paid search became Upwork’s largest customer-acquisition channel, and cost per new contract start improved 22% sequentially in the second quarter. Brown said the company has also found promising results in international search marketing, Meta, Reddit, podcasts and connected television. Meanwhile, Upwork is developing answer-engine optimization and LLM-based referral channels, which it described as still nascent.

Enterprise progress and revised outlook In Enterprise, Upwork began migrating customers to its new platform in June and said customer feedback has been positive. GSV per Enterprise account rose 7% year over year, the highest level in more than three years, while GSV from employer-of-record solutions increased 29% year over year.

Brown said Upwork remains on track for approximately 25% Enterprise GSV growth for full-year 2026. The company attributed part of the opportunity to its acquisition of Ascen, which supports employer-of-record services through wholly owned entities in the United States and Canada. Management said the expanded capabilities have improved its value proposition, sales funnel and margins, and cited a recently won multimillion-dollar staff-augmentation contract with a large global company.

Upwork closed a new $150 million revolving credit facility with a $50 million accordion feature during the quarter. The company said the facility positions it to repay convertible notes due in August 2026, while supporting potential acquisitions and share repurchases. It repurchased about 164,000 shares in the second quarter and approximately 8.3 million shares year to date.

For full-year 2026, Upwork lowered its outlook to revenue of $730 million to $750 million and adjusted EBITDA of approximately $225 million to $235 million. The guidance assumes a heightened pace of AI-related automation and no improvement in labor-market conditions. The company forecast full-year non-GAAP diluted earnings per share of $1.38 to $1.43.

For the third quarter, Upwork expects revenue of $176 million to $184 million, adjusted EBITDA of $50 million to $54 million, and non-GAAP diluted EPS of $0.31 to $0.33.

About Upwork (NASDAQ:UPWK)Upwork Inc operates a leading online talent marketplace that connects businesses with independent professionals worldwide. Through its digital platform, the company enables clients across industries—including technology, marketing, creative services and customer support—to source, hire and manage freelance talent on demand. Key features of the Upwork platform include streamlined job posting, proposal evaluation, time-tracking tools, invoicing and secure payment processing, all designed to simplify collaboration between clients and remote workers.

The company traces its roots to the merger of two pioneering freelance marketplaces, Elance (founded in 1998) and oDesk (founded in 2003), which combined in 2015 to form a unified entity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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2026-08-11 01:24 1mo ago
2026-08-10 19:58 1mo ago
Upwork Navigates Cross-Currents as AI Reshapes Freelance Demand
UPWK Upwork
FMP Stock News
Original source text
Upwork’s second-quarter results, released after market close on Monday (Aug. 10) offered up a snapshot of which freelance jobs are surviving artificial intelligence (AI), which ones may not, and what businesses are willing to pay people to do instead.

Earnings material from the company showed that low-complexity assignments are being automated faster than Upwork expected. At the same time, customers are spending more on larger projects, AI consulting is growing, and enterprises are tapping Upwork for work beyond traditional freelance engagements.

President and CEO Hayden Brown told analysts that “the trend we saw this quarter is really a continuation of last quarter.”

Upwork had previously identified about 10% of gross services volume (GSV) as more exposed to AI automation. Brown said Monday the latest weakness reflects faster erosion within that group, a “pull forward” from what the company had previously expected.

The client metrics bear that out. Active clients fell 4% year over year to 763,000, while GSV declined 3.6% to $966.4 million. Revenue declined 2% to $191.7 million. But GSV per active client rose 5% to a record $5,230, its eighth consecutive quarter of sequential growth.

Upwork is framing its strategy around three areas: SMBs, enterprise and AI. Brown said those are the company’s “growth building blocks,” with Business Plus aimed at larger SMB engagements, Lifted expanding its enterprise capabilities and AI changing both the work clients buy and how that work gets done.

Brown said average hourly contracts also reached a record 100 hours. The combination suggests that while Upwork has fewer active clients and less overall volume, the clients who are hiring are buying more substantial engagements.

What Companies Need From AI Talent AI is contributing to the decline in some assignments while generating others.

GSV from AI-related work increased more than 22% year over year (though slowing from the fourth quarter of 2025’s 50% rate)  and is running at an annualized rate of roughly $330 million. Within that business, AI Strategy & Consulting GSV grew more than 50%.

For SMBs, Brown said the hiring need is increasingly about applying AI rather than obtaining access to it.

“For many of these customers, the constraint is not access to AI technology, but access to people who understand how to apply it to their specific industry, workflow, or business problems,” she told analysts.

Upwork is also seeing clients hire people to finish or fix projects started with AI, including turning AI-generated code into production websites and improving machine-generated translations.

Even the way Upwork measures AI work is changing. Nearly half of freelancers in a recent company survey said their most recent project involved AI, while only 16% of job postings specifically mentioned AI. Brown told analysts clients increasingly assume AI will be used without spelling it out in a job description.

The spending patterns differ by customer segment. Business Plus GSV rose 174% year over year as larger SMB customers used Upwork for more complex, recurring needs. Brown said very small businesses are also shifting workloads toward AI-oriented work, calling the change in the customer base “an expansion, not a replacement.”

Enterprise opens another pool of spending. Brown said only about 10% of the roughly $650 billion enterprise contingent-labor market historically went to freelancers. Lifted allows Upwork to address other forms of contingent work, including staff augmentation and Employer of Record services.

Upwork said Employer of Record GSV grew 29% year over year and continues to expect Lifted GSV to grow about 25% in 2026.

The new demand is not growing fast enough to remove the near-term pressure.

Upwork cut its 2026 revenue outlook to $730 million to $750 million from $760 million to $790 million after the first quarter. The company now expects third-quarter revenue of $176 million to $184 million. Management said its updated forecast assumes “a heightened pace of AI-related automation and no improvements in the labor market.”

The guidance reduction helps explain why Upwork shares fell roughly 20% in after-hours trading. Second-quarter revenue reached the high end of Upwork’s forecast, but the outlook pointed to greater pressure ahead.

AI is not the only headwind. Changes to Google search are reducing referrals, particularly from unbranded searches, and weighing on new-client acquisition. Brown told analysts the effect has not stabilized. Upwork’s guidance assumes further deterioration through the third and fourth quarters.

The company is responding by putting another $5 million to $10 million into marketing in the second half after seeing returns from paid acquisition channels.

“It would be probably disingenuous for me to say that I know exactly how long this is going to take,” she told analysts in response to a question about rebuilding the client base and the transition of clients to higher quality AI-driven work.
2026-08-10 23:00 1mo ago
2026-08-10 16:57 1mo ago
Upwork Stock Crashes After Q2 Print — Here's Why
UPWK Upwork
FMP Stock News
Original source text
Upwork Inc. (NASDAQ:UPWK) posted its second-quarter results after Monday’s closing bell, beating analyst estimates but disappointing investors. Here’s a look at the key figures from the quarter.

UPWK stock is moving. Watch the price action here. Upwork Q2 Details     Upwork reported quarterly earnings of 41 cents per share which beat the consensus estimate of 34 cents, according to Benzinga Pro data. 

Quarterly revenue came in at $191.66 million which beat the Street estimate of $189.96 million, but was down from $194.94 million in the same period last year.

Upwork reported the following second-quarter highlights:

•GSV was $966.4 million, decreased 4% year-over-year
•Active clients of 763,000
•GSV per active client of $5,230 increased 5% year-over-year

“In the second quarter, Upwork demonstrated solid execution against our strategic plan in a challenging operating environment,” said Hayden Brown, president and CEO of Upwork Inc.

"While lower-complexity work continues to shift toward automation, we are increasingly seeing what is emerging in its place: growing demand for high-value AI talent, more complex projects, and new categories of work across SMB and Enterprise,” Brown added.

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UPWK Stock Price Activity: According to data from Benzinga Pro, Upwork stock was down 20.14% to $7,85 in Monday’s extended trading.  

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2026-08-04 10:35 1mo ago
2026-08-04 01:59 1mo ago
Critical Review: Resources Connection (NASDAQ:RGP) versus Upwork (NASDAQ:UPWK)
UPWK Upwork
FMP Stock News
Original source text
Posted by Defense World Staff on Aug 4th, 2026

Upwork (NASDAQ:UPWK – Get Free Report) and Resources Connection (NASDAQ:RGP – Get Free Report) are both small-cap industrials companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, risk, profitability, dividends, earnings and analyst recommendations.

Profitability This table compares Upwork and Resources Connection’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Upwork 13.81% 17.92% 8.54% Resources Connection -8.98% -4.63% -3.16% Risk & Volatility Upwork has a beta of 0.99, indicating that its stock price is 1% less volatile than the S&P 500. Comparatively, Resources Connection has a beta of 0.54, indicating that its stock price is 46% less volatile than the S&P 500.

Analyst Ratings This is a summary of recent recommendations and price targets for Upwork and Resources Connection, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Upwork 1 9 3 0 2.15 Resources Connection 1 1 2 0 2.25 Upwork currently has a consensus price target of $15.50, suggesting a potential upside of 62.47%. Resources Connection has a consensus price target of $7.00, suggesting a potential upside of 57.30%. Given Upwork’s higher possible upside, equities analysts plainly believe Upwork is more favorable than Resources Connection.

Insider & Institutional Ownership 77.7% of Upwork shares are held by institutional investors. Comparatively, 93.2% of Resources Connection shares are held by institutional investors. 4.9% of Upwork shares are held by insiders. Comparatively, 7.9% of Resources Connection shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Valuation & Earnings This table compares Upwork and Resources Connection”s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Upwork $787.78 million 1.50 $115.43 million $0.81 11.78 Resources Connection $452.01 million 0.34 -$40.60 million ($1.20) -3.71 Upwork has higher revenue and earnings than Resources Connection. Resources Connection is trading at a lower price-to-earnings ratio than Upwork, indicating that it is currently the more affordable of the two stocks.

Summary Upwork beats Resources Connection on 11 of the 14 factors compared between the two stocks.

About Upwork (Get Free Report)

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company’s work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Payroll and Upwork Enterprise, as well as managed and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

About Resources Connection (Get Free Report)

Resources Connection, Inc. provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance. It provides transformations services comprising finance transformation, digital transformation, supply chain management, cloud migration, and data design and analytics. The company was formerly known as RC Transaction Corp. and changed its name to Resources Connection, Inc. in August 2000. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.

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2026-07-30 06:56 1mo ago
2026-07-30 01:59 1mo ago
Upwork (NASDAQ:UPWK) vs. Rakuten (OTCMKTS:RKUNY) Critical Analysis
UPWK Upwork
FMP Stock News
Original source text
Posted by Defense World Staff on Jul 30th, 2026

Upwork (NASDAQ:UPWK – Get Free Report) and Rakuten (OTCMKTS:RKUNY – Get Free Report) are both computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, institutional ownership, risk and dividends.

Institutional & Insider Ownership 77.7% of Upwork shares are owned by institutional investors. 4.9% of Upwork shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Analyst Recommendations This is a summary of recent recommendations and price targets for Upwork and Rakuten, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Upwork 0 10 3 0 2.23 Rakuten 0 1 0 1 3.00 Upwork presently has a consensus target price of $15.50, suggesting a potential upside of 62.64%. Given Upwork’s higher possible upside, analysts plainly believe Upwork is more favorable than Rakuten.

Valuation & Earnings This table compares Upwork and Rakuten”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Upwork $787.78 million 1.49 $115.43 million $0.81 11.77 Rakuten $16.70 billion 0.68 -$1.19 billion ($0.37) -14.07 Upwork has higher earnings, but lower revenue than Rakuten. Rakuten is trading at a lower price-to-earnings ratio than Upwork, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk Upwork has a beta of 0.99, indicating that its share price is 1% less volatile than the S&P 500. Comparatively, Rakuten has a beta of 1.12, indicating that its share price is 12% more volatile than the S&P 500.

Profitability This table compares Upwork and Rakuten’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Upwork 13.81% 17.92% 8.54% Rakuten -4.83% -10.02% -0.44% Summary Upwork beats Rakuten on 11 of the 15 factors compared between the two stocks.

About Upwork (Get Free Report)

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company’s work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Payroll and Upwork Enterprise, as well as managed and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

About Rakuten (Get Free Report)

Rakuten Group, Inc. provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites. It also offers messaging services and sells advertising; and manages professional sport teams. The FinTech segment offers financial services over the internet related to banking and securities, credit cards, life insurance, general insurance, electronic payment business, crypto asset (virtual currency) spot transaction, etc. The Mobile segment provides communication services and technology, electricity supply, and digital content site services. The company was formerly known as Rakuten, Inc. and changed its name to Rakuten Group, Inc. in April 2021. Rakuten Group, Inc. was incorporated in 1997 and is headquartered in Setagaya, Japan.

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2026-07-21 21:07 1mo ago
2026-07-21 16:03 1mo ago
Upwork to Report Second Quarter Financial Results on August 10, 2026
UPWK Upwork
FMP Stock News
Original source text
July 21, 2026 16:03 ET  | Source: Upwork Inc.

PALO ALTO, Calif., July 21, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world’s human and AI-powered work marketplace, today announced that it will report its financial results for the second quarter of 2026 on Monday, August 10, 2026 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

A live webcast of the call will be available on the Upwork Investor Relations website at investors.upwork.com.

An audio replay of the conference call will be available for one week following the call and will be archived via webcast on the Upwork Investor Relations website at investors.upwork.com for approximately one year.

About Upwork
Upwork Inc.’s (Nasdaq: UPWK) family of companies connects businesses with global, AI-enabled talent across every contingent work type including freelance, agency, fractional, and payrolled. This portfolio includes the Upwork Marketplace, which connects businesses with on-demand access to highly skilled talent across the globe, and Lifted, which provides a purpose-built solution for enterprise organizations to source, contract, manage, and pay talent across the full spectrum of contingent work. From Fortune 100 enterprises to entrepreneurs, businesses rely on Upwork Inc. to find and hire expert talent, leverage AI-powered work solutions, and drive business transformation. With access to professionals spanning more than 10,000 skills across AI & machine learning, software development, sales & marketing, customer support, finance & accounting, and more, the Upwork family of companies enables businesses of all sizes to scale, innovate, and transform their workforces for the age of AI and beyond.

Since its founding, Upwork Inc. has facilitated more than $30 billion in total transactions and services as it fulfills its purpose to create opportunity in every era of work. Learn more about the Upwork Marketplace at upwork.com and follow on LinkedIn, Facebook, Instagram, TikTok, and X; and learn more about Lifted at go-lifted.com and follow on LinkedIn.

Investor Relations Contact:
[email protected]

Media Contact:
Janine Kamwene
Vice President of Communications
[email protected]
2026-07-14 13:50 2mo ago
2026-07-14 09:17 2mo ago
Upwork's Future Workforce Index 2026: How AI is Redefining the Value of Work as Skilled Freelancing Accelerates
UPWK Upwork
FMP Stock News
Original source text
PALO ALTO, Calif., July 14, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's human and AI-powered work marketplace, today released its second annual Future Workforce Index 2026, a study of 2,400 U.S.-based skilled knowledge workers combined with Upwork Marketplace platform data. The research finds that over 1 in 3 skilled U.S. knowledge workers now freelance, up from roughly 1 in 4 a year ago, as AI restructures which work commands a premium. 

The Future Workforce Index is Upwork’s annual research report on the future of work, exploring how AI adoption, workforce models, and changing career preferences are reshaping skilled work. Key findings from the report include:

Not all AI work is gaining value, and the split comes down to judgment, not just usage. Freelancers performing AI work on the Upwork Marketplace earn 34% more per hour than those not incorporating AI, but not all AI work is becoming more valuable. For example, generative AI and creative production work saw 90% year-over-year growth in contract starts while per-contract earnings declined 13%, suggesting that lower-complexity AI execution may become less lucrative as it scales.Complex AI-augmented work is driving higher earnings and new roles. Freelancers doing more complex work with AI saw earnings increase 45% year-over-year. AI-augmented professional services — where domain experts integrate AI into established fields — grew 72% in volume with earnings rising 22%. The research points to the early emergence of the "AI Orchestrator": a professional who connects AI tools to domain expertise, applies human judgment, and turns AI-enabled execution into business outcomes.Skilled freelancing is accelerating. Skilled freelancers now represent 38% of U.S. knowledge workers, up from 28% the prior year. At the same time, 58% of full-time employees now say they are considering freelancing, up from 36% the prior year. This shift suggests workers are seeking out more control over how they build expertise, choose projects, and monetize their capabilities as AI reshapes which skills are valuable.
Freelancers are among the fastest adopters of new tools, which makes their earnings and behavior a reliable early signal for where the broader labor market is heading. The findings suggest that the next phase of AI adoption will depend less on deploying more tools and more on developing and accessing the human expertise required to make them useful.

"There is a puzzle in the AI data: adoption is everywhere, but productivity gains are still hard to see. In a recent survey my colleagues and I conducted of nearly 6,000 executives, most firms reported little measurable impact from AI so far," said Nick Bloom, Professor of Economics at Stanford University and member of Upwork’s Economic Advisory Council. "Upwork's data adds an important clue. The value is not showing up evenly; it is concentrated in more complex work where people are applying expertise, judgment, and business context on top of AI."

The findings carry implications for both businesses and workers.

“As AI agents continue to proliferate, the advantage for talent will come from becoming an AI Orchestrator, someone that can direct, integrate, and be accountable for agents across complex workflows,” said Jennifer Brett, PhD, who joins Upwork as its new Managing Director of the Upwork Research Institute.

Brett, who previously held senior research and insights roles at Attentive, LinkedIn, and Google, will lead the Institute's research agenda on the future of work, AI's role in workforce transformation, and the evolving dynamics of the independent talent economy.

“For businesses, giving employees access to AI tools is only the first step. The real work is redesigning workflows, identifying skill gaps, and investing in employee learning to close those gaps and deliver results. Companies that treat AI as a technology rollout rather than a talent strategy will struggle to close the gap between adoption and outcomes,” Brett adds.

Explore the full findings of the Future Workforce Index here.

Methodology
The Future Workforce Index 2026 is based on a survey of 2,400 U.S.-based skilled workers conducted March–April 2026. Skilled workers were determined by targeting a representative sample of U.S. workers and limiting participants to those working above the administrative level across skilled organizational functions with earnings above a minimum threshold, as determined by analyzing U.S. Bureau of Labor Statistics salary data. The margin of error is 2% at the 95% confidence level. The report also draws on Upwork platform data, including AI-related work categories, contract starts, hourly earnings, and YoY earnings trends, using an LLM-based pipeline to identify and classify AI-related jobs by how AI is being used.

About the Upwork Research Institute
The Upwork Research Institute is committed to studying fundamental shifts in the workforce and providing business leaders with the tools and insights they need to navigate the present while preparing their organizations for the future. Using proprietary platform data, global survey research, and academic collaborations, the Institute produces evidence-based insights to help create the blueprint for the new way of work. Learn more at upwork.com/research.

About Upwork Inc.
Upwork Inc.'s (Nasdaq: UPWK) family of companies connects businesses with global, AI-enabled talent across every contingent work type including freelance, fractional, and payrolled. This portfolio includes the Upwork Marketplace, which connects businesses with on-demand access to highly skilled talent across the globe, and Lifted, which provides a purpose-built solution for enterprise organizations to source, contract, manage, and pay talent across the full spectrum of contingent work. From Fortune 100 enterprises to entrepreneurs, businesses rely on Upwork Inc. to find and hire expert talent, leverage AI-powered work solutions, and drive business transformation. With access to professionals spanning more than 10,000 skills across AI & machine learning, software development, sales & marketing, customer support, finance & accounting, and more, the Upwork family of companies enables businesses of all sizes to scale, innovate, and transform their workforces for the age of AI and beyond.

Since its founding, Upwork Inc. has facilitated more than $30 billion in total transactions and services as it fulfills its purpose to create opportunity in every era of work. Learn more about the Upwork Marketplace at upwork.com and follow on LinkedIn, Facebook, Instagram, TikTok, and X; and learn more about Lifted at go-lifted.com.

Media Contact
Janine Kamwene
[email protected]
2026-06-24 12:22 2mo ago
2026-06-17 09:00 2mo ago
Upwork Connects to Claude to Help Businesses Find Expert Human Talent to Turn Ideas into Outcomes
UPWK Upwork
FMP Stock News
Original source text
PALO ALTO, Calif., June 17, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ: UPWK), the world's human and AI-powered work marketplace, today announced the Upwork Claude Connector, a new app inside Anthropic's Claude that connects businesses with the experts they need the moment a project takes shape.

According to recent Upwork research, 74% of SMBs plan to increase freelancer hiring in the near term, much of it tied to AI-driven growth initiatives. Now the same tools that support the project planning can also help with the hiring, without starting from scratch or losing the context that’s already been built.

“AI is changing how businesses plan and kick off work. But quality outcomes still depend on human expertise,” said Peter Sanborn, chief business officer at Upwork Inc. “Putting Upwork inside Claude closes the gap between where work gets started and the talent that can bring it to life.”

With the Upwork Claude Connector, a user can describe a project and immediately receive a shortlist of recommended talent drawn from the Upwork Marketplace’s more than 18 million professionals, including a global pool of AI-skilled talent, across 130 categories of work. They can also create a job post through the conversation, then continue to Upwork to make the hire — where Uma™, Upwork's AI work agent, helps manage the project to completion.

Claude users can get started with prompts like:

“Start an Upwork job post for a data analyst who can build an AI system that turns our raw customer support transcripts into weekly trend reports.”“Our finance team spends hours on manual reporting every month. Can you help me find an AI automation expert on Upwork who can build a solution to fix that?”“I've drafted this product spec in Claude. Find me a senior engineer who's shipped similar features and can build it.” When Shane Pope, CEO of Reflect Technology, set out to build Remi, an AI-powered mental wellness app, he turned to Upwork to find the AI expertise he needed. The app went from idea to the App Store in four months. “Sometimes you're working through a business problem and you realize you need an expert — and a real person would be 10 times more helpful than AI alone,” said Shane. “Being able to find that person on Upwork right there in the same conversation, without the back-and-forth, just removes the friction that makes you put it off.”

The Claude integration follows the launch of an Upwork app for ChatGPT in April, and is part of Upwork’s growing effort to expand access to expert talent inside the tools where ideas take shape.

All Claude users can get started now by connecting the Upwork app within Claude. Learn more at: upwork.com/claudeapp-support.

About Upwork
Upwork Inc.’s (Nasdaq: UPWK) family of companies connects businesses with global, AI-enabled talent across every contingent worker classification. This portfolio includes the Upwork Marketplace, which connects businesses with on-demand access to highly skilled talent across the globe, and Lifted, which provides a purpose-built solution for enterprise organizations to source, contract, manage, and pay talent across the full spectrum of contingent work. From Fortune 100 enterprises to entrepreneurs, businesses rely on Upwork Inc. to find and hire expert talent, leverage AI-powered work solutions, and drive business transformation. With access to professionals spanning more than 10,000 skills across AI & machine learning, software development, sales & marketing, customer support, finance & accounting, and more, the Upwork family of companies enables businesses of all sizes to scale, innovate, and transform their workforces for the age of AI and beyond.

Since its founding, Upwork Inc. has facilitated more than $30 billion in total transactions and services as it fulfills its purpose to create opportunity in every era of work. Learn more about the Upwork Marketplace at upwork.com and follow on LinkedIn, Facebook, Instagram, TikTok, and X; learn more about Lifted at go-lifted.com and follow on LinkedIn.

Contact:
Elisabeth Hutchinson
[email protected]
2026-06-15 15:43 3mo ago
2026-06-15 11:16 3mo ago
Must-Watch Stocks to Make the Most of the Gig Economy's Popularity
UPWK Upwork
FMP Stock News
Original source text
An updated edition of the April 24, 2026 article.

The gig economy has experienced significant growth in the post-pandemic world. One of the key reasons behind its rising popularity is the flexibility it offers. Unlike traditional jobs with fixed schedules, gig work allows individuals to choose when and how much they want to work, helping them better manage personal responsibilities alongside their professional goals.

Currently, the gig economy extends far beyond its early role of connecting drivers with passengers. As the theme has expanded rapidly, it now encompasses a wide range of industries. From food delivery and grocery services to home repairs and creative freelance work, on-demand access to services has become an integral part of everyday life. Companies such as Uber (UBER - Free Report) , Angi (ANGI - Free Report) and DoorDash (DASH - Free Report) have effectively utilized this business model to enhance convenience and simplify tasks for consumers. At the same time, many workers are drawn to the opportunity to work independently and enjoy greater control over their careers.

Freelance platforms such as Upwork (UPWK - Free Report) and Fiverr (FVRR - Free Report) have further transformed the employment landscape by linking skilled professionals with businesses seeking short-term project support. These marketplaces give freelancers the freedom to select their clients, determine the projects they undertake, and set their own schedules—advantages that many find more appealing than the structured nature of traditional employment. Although gig work often lacks the stability of a regular paycheck, along with conventional benefits and job security, the independence and flexibility it provides continue to attract an increasing number of workers worldwide.

The strong outlook for the gig economy is reflected in its growth projections. According to Business Research Insights, the global gig economy is expected to reach $674.13 billion by the end of 2026 and grow to $2.52 trillion by 2035, at a robust compound annual growth rate of 15.8% between 2026 and 2035.

For investors, the gig economy offers exposure to innovation, growth and long-term opportunities. Those looking to capitalize on this trend can rely on our Gig Economy screen to identify promising companies operating in this space. Investors seeking attractive return potential may want to closely monitor stocks such as Uber, Lyft (LYFT - Free Report) and DoorDash.

Ready to uncover more transformative thematic investment ideas? Explore 37 cutting-edge investment themes with Zacks Thematic Investing Screens and discover your next big opportunity.

3 Stocks to Monitor NowUber comes across as one of the most successful examples of a company built around the gig economy model. Through its mobile platform, Uber connects riders with independent drivers, creating a convenient on-demand transportation network while offering flexible earning opportunities.

A major advantage for drivers is the ability to determine their own work schedules and hours. This flexibility enables individuals to drive either part-time or full-time, based on their availability and financial objectives. Rather than earning a fixed salary or hourly wage, drivers are compensated according to completed trips, with earnings influenced by factors such as distance, ride duration and customer demand.

By continually enhancing its platform and introducing ways for drivers to generate income, Uber underscores the increasing relevance and long-term potential of gig-based transportation services in today’s workforce. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Lyft is another major participant in the ride-hailing market, providing drivers with a flexible way to earn income using their personal vehicles. Most of the company’s revenues are generated through ridesharing services, where drivers pay commissions and service fees to operate on the platform. In addition to standard ride-hailing, Lyft offers shared rides, electric bike and scooter rentals, and integrations with public transit systems.

Despite competing directly with Uber, Lyft distinguishes itself through a strong focus on sustainability initiatives and localized service offerings. To strengthen its growth prospects, the company has pursued strategic partnerships, including collaborations with DoorDash and autonomous vehicle firms such as Mobileye, May Mobility and Nexar.

Through ongoing innovation and efforts to create flexible earning opportunities, Lyft demonstrates the growing significance of gig-based transportation services and its role in shaping the modern labor market. The stock currently carries a Zacks Rank #3. 

DoorDash represents one of the clearest examples of the gig economy in action, connecting millions of Dashers with customers across the United States and international markets. Its business model relies heavily on gig workers who deliver food, groceries, and other products. Dashers enjoy the flexibility to choose when and where they work while using their own vehicles.

With a major share of the U.S. food delivery market, DoorDash maintains a dominant industry position. Strategic partnerships with retailers such as ALDI, Sprouts and Albertsons have broadened its offerings to include rapid grocery and alcohol delivery services. Additional collaborations with companies like Dick’s Sporting Goods and Big Lots have further expanded its service portfolio.

By continually enhancing its platform and providing incentives for Dashers, DoorDash remains a leading force in the gig economy, creating flexible income opportunities while meeting rising consumer demand for on-demand delivery services.The stock currently carries a Zacks Rank #3. 
2026-06-12 22:16 3mo ago
2026-05-20 16:00 3mo ago
Upwork Inc. (UPWK) Shareholders Who Lost Money -- Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
UPWK Upwork
FMP Stock News
Original source text
Law Offices of Howard G. Smith continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: [url="]UPWK[/url]) investors co
2026-06-12 22:16 3mo ago
2026-05-20 18:00 3mo ago
Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
UPWK Upwork
FMP Stock News
Original source text
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON UPWORK INC. (UPWK), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On May 7, 2026, Upwork released its first quarter.
2026-06-12 22:16 3mo ago
2026-05-21 09:00 3mo ago
Levi & Korsinsky Announces Investigation of Securities Claims Against Upwork Inc. (UPWK)
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Shareholders who held Upwork Inc. (NASDAQ: UPWK) stock lost approximately 19% of their investment value when shares plunged after the Company reported Q1 2026 earnings that fell short of consensus estimates and cut its forward guidance.
2026-06-12 22:16 3mo ago
2026-05-21 16:03 3mo ago
Upwork to Present at The Jefferies Software Conference
UPWK Upwork
FMP Stock News
Original source text
PALO ALTO, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's human and AI-powered work marketplace, today announced that senior management will participate in a fireside chat at The Jefferies Software Conference in Newport Coast, CA on Thursday, May 28, 2026 at 11:30 a.m. PT/2:30 p.m. ET.
2026-06-12 22:16 3mo ago
2026-05-21 18:40 3mo ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, May 21, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Upwork Inc. ("Upwork" or the "Company") (NASDAQ: UPWK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
2026-06-12 22:16 3mo ago
2026-05-25 00:08 3mo ago
Lost Money on Upwork Inc. (UPWK)? Possible Fraud - Contact Levi & Korsinsky Today
UPWK Upwork
FMP Stock News
Original source text
New York, New York--(Newsfile Corp. - May 25, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Upwork Inc. (NASDAQ: UPWK) ("Upwork Inc.") concerning potential violations of the federal securities laws. During the Q4 2025 earnings call on February 9, 2026, CEO Hayden Brown stated that revenue growth was "2.4%" and adjusted EBITDA margin was "29%" for the full year, and guided for "6%-8% revenue growth" in 2026.
2026-06-12 22:16 3mo ago
2026-05-26 16:53 3mo ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) --  Pomerantz LLP is investigating claims on behalf of investors of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK). Such investors are advised to contact Danielle Peyton at [email protected]  or 646-581-9980, ext. 7980.
2026-06-12 22:16 3mo ago
2026-05-27 09:00 3mo ago
Upwork Inc. (UPWK) Securities Fraud Investigation - Levi & Korsinsky
UPWK Upwork
FMP Stock News
Original source text
Upwork Inc. reported 4% revenue growth and 27% adjusted EBITDA margin on its Q4 2025 earnings call -- After Q1 2026 results and a guidance cut, UPWK shares later fell 19%. NEW YORK, May 27, 2026 /PRNewswire/ -- Investors in Upwork Inc. (NASDAQ: UPWK) lost up to 19% of their holdings after the Company's Q1 2026 earnings revealed weakening fundamentals that had been obscured by prior reporting.
2026-06-12 22:16 3mo ago
2026-05-28 10:00 3mo ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, May 28, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Upwork Inc. ("Upwork" or the "Company") (NASDAQ: UPWK).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
2026-06-12 22:16 3mo ago
2026-05-29 13:45 3mo ago
UPWK Investors Have Opportunity to Join Upwork Inc. Fraud Investigation with the Schall Law Firm
UPWK Upwork
FMP Stock News
Original source text
LOS ANGELES--(BUSINESS WIRE)---- $UPWK--UPWK Investors Have Opportunity to Join Upwork Inc. Fraud Investigation with the Schall Law Firm.
2026-06-12 22:16 3mo ago
2026-05-29 14:00 3mo ago
UPWK Investors Have Opportunity to Join Upwork Inc. Fraud Investigation with the Schall Law Firm
UPWK Upwork
FMP Stock News
Original source text
[url="]The Schall Law Firm[/url], a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Upwork Inc.
2026-06-12 22:16 3mo ago
2026-06-02 17:31 3mo ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK).  Such investors are advised to contact Danielle Peyton at [email protected]  or 646-581-9980, ext. 7980.
2026-06-12 22:16 3mo ago
2026-06-04 10:00 3mo ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, June 4, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Upwork Inc. ("Upwork" or the "Company") (NASDAQ: UPWK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
2026-06-12 22:16 3mo ago
2026-06-05 09:08 3mo ago
Upwork Announces Board Refreshment, Strengthening Financial and Operational Expertise for Its Next Chapter
UPWK Upwork
FMP Stock News
Original source text
PALO ALTO, Calif., June 05, 2026 (GLOBE NEWSWIRE) -- U pwork Inc. (Nasdaq: UPWK), the world's work marketplace, today announced changes to its Board of Directors to support its continued evolution and long-term strategy to power the AI-enabled labor market of the future.
2026-06-12 22:16 3mo ago
2026-06-08 12:31 3mo ago
UPWK Investors Have Opportunity to Join Upwork Inc. Fraud Investigation with the Schall Law Firm
UPWK Upwork
FMP Stock News
Original source text
LOS ANGELES, June 8, 2026 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Upwork Inc. ("Upwork" or "the Company") (NASDAQ: UPWK) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
2026-06-12 22:16 3mo ago
2026-06-08 13:00 3mo ago
UPWK Investors Have Opportunity to Join Upwork Inc. Fraud Investigation with the Schall Law Firm
UPWK Upwork
FMP Stock News
Original source text
UPWK Investors Have Opportunity to Join Upwork Inc. Fraud Investigation with the Schall Law Firm PR Newswire LOS
2026-06-12 22:16 3mo ago
2026-06-09 13:36 3mo ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK). Such investors are advised to contact Danielle Peyton at  [email protected]  or 646-581-9980, ext. 7980.
2026-06-12 22:16 3mo ago
2026-06-11 10:00 3mo ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Upwork Inc. - UPWK
UPWK Upwork
FMP Stock News
Original source text
NEW YORK, June 11, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Upwork Inc. ("Upwork" or the "Company") (NASDAQ: UPWK).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
2026-06-12 22:16 3mo ago
2026-06-11 12:00 3mo ago
UPWK Investors Have Opportunity to Join Upwork Inc. Fraud Investigation with the Schall Law Firm
UPWK Upwork
FMP Stock News
Original source text
LOS ANGELES, June 11, 2026 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Upwork Inc. ("Upwork" or "the Company") (NASDAQ: UPWK) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.