Upwork's board approves added $100M share buyback

Upwork's board approves added $100M share buyback

PALO ALTO, Calif., September 02, 2025 — Upwork Inc. (Nasdaq: UPWK), the world’s human and AI-powered work marketplace, has announced that its board of directors has approved an additional $100 million share repurchase program. The move comes amidst strong financial performance, with the company’s president and CEO, Hayden Brown, attributing the decision to the company's robust operational discipline and rapid execution.

The repurchase program allows Upwork to buy back shares of its common stock from time to time on the open market, through private negotiations, or by other methods, at the company's discretion. The authorization is open-ended and will continue until otherwise suspended, terminated, or modified.

Upwork Inc., the parent company of the Upwork Marketplace and Lifted, its enterprise-focused subsidiary, facilitates talent connections globally. The Upwork Marketplace, which connects businesses with highly skilled, AI-enabled independent talent, has facilitated over $25 billion in talent earnings since its founding. The platform leverages AI to enhance business operations and workforce transformation.

The share repurchase authorization is subject to market conditions and business considerations, and Upwork is not obligated to repurchase any specific amount of shares. The move is aimed at increasing shareholder value and is part of the company's strategy to maintain a strong balance sheet.

This latest development underscores Upwork's commitment to shareholder value and strategic flexibility in navigating market conditions. The company continues to deliver on its mission to create opportunities in every era of work.

References:
[1] https://www.globenewswire.com/news-release/2025/09/03/3144069/0/en/Upwork-Announces-an-Additional-100-Million-Share-Repurchase-Program.html