Upwork Q4 Earnings Call Highlights

Gessert said marketplace GSV growth in Q4 was “relatively flat” versus the prior year due primarily to fewer “low-value, high-volume” contracts, while fundamentals for larger clients remained positive. The company ended Q4 with 785,000 active clients. Management said churn improved over 2025, with Q4 churn reaching its lowest level in more than eight quarters and more than 130 basis points better than Q4 2024.In the fourth quarter, management highlighted year-over-year growth of 3% in GSV, 4% in revenue, an ...