Upwork posts Q3 earnings beat, raises full‑year outlook and announces WorkMotion acquisition
+1 new source since this summary was written
Upwork reported third‑quarter 2026 adjusted earnings of $0.40 a share, beating the $0.32 consensus, and revenue of $185.6 million, up 5% year‑over‑year. The company lifted its full‑year adjusted EPS guidance to $1.45‑$1.47 and narrowed revenue guidance to $742‑$750 million. It also announced the acquisition of Berlin‑based employer‑of‑record provider WorkMotion and said CFO Erica Gessert will depart on Jan. 1 2027, with Chief Business Officer Peter Sanborn named successor.
Why it matters
The higher EPS outlook suggests stronger profitability than analysts expected, which could support the stock price. The WorkMotion deal expands Upwork’s global employment platform, potentially increasing future revenue streams. The CFO transition signals a planned leadership change but does not alter the current financial outlook.
Key facts
- 1Adjusted EPS for Q3 2026 was $0.40, beating the $0.32 consensus by $0.08. investing.com
- 2Revenue for Q3 2026 was $185.6 million, a 5% increase year‑over‑year. investing.com
- 3Full‑year 2026 adjusted EPS guidance was raised to a range of $1.45‑$1.47 per share. investing.com
- 4Full‑year 2026 revenue guidance was set at $742 million‑$750 million. investing.com
- 5Upwork announced the acquisition of WorkMotion, a Berlin‑based employer‑of‑record provider. investing.com
- 6CFO Erica Gessert will step down on Jan. 1 2027 and will be succeeded by Chief Business Officer Peter Sanborn. investing.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.