UPWK vs. EBAY

Last updated Apr 2, 2026

Compare and contrast key facts about Upwork Inc. (UPWK) and eBay Inc. (EBAY).

Performance

UPWK vs. EBAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upwork Inc. (UPWK) and eBay Inc. (EBAY). The values are adjusted to include any dividend payments, if applicable.

UPWK vs. EBAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UPWK Upwork Inc.	-43.59%	21.22%	9.95%	42.43%	-69.44%	-1.04%	223.52%	-41.08%	-14.49%
EBAY eBay Inc.	7.28%	42.75%	44.78%	7.65%	-36.46%	33.81%	41.16%	30.59%	-14.29%

Fundamentals

Market Cap UPWK : $1.56B EBAY : $42.84B
EPS UPWK : $1.09 EBAY : $4.36
PE Ratio UPWK : 10.26 EBAY : 21.35
PEG Ratio UPWK : 0.07 EBAY : 1.15
PS Ratio UPWK : 1.98 EBAY : 3.91
PB Ratio UPWK : 2.47 EBAY : 9.28
Total Revenue (TTM) UPWK : $787.78M EBAY : $11.10B
Gross Profit (TTM) UPWK : $613.03M EBAY : $7.93B
EBITDA (TTM) UPWK : $150.50M EBAY : $2.76B

Returns By Period

In the year-to-date period, UPWK achieves a -43.59% return, which is significantly lower than EBAY's 7.28% return.

UPWK

• 1D: 2.01%
• 1M: -14.79%
• YTD: -43.59%
• 6M: -36.87%
• 1Y: -14.59%
• 3Y*: -0.41%
• 5Y*: -24.81%
• 10Y*: —

EBAY

• 1D: 2.32%
• 1M: 5.25%
• YTD: 7.28%
• 6M: 7.07%
• 1Y: 39.29%
• 3Y*: 30.42%
• 5Y*: 10.00%
• 10Y*: 15.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

UPWK vs. EBAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UPWK

UPWK Risk / Return Rank: 30
UPWK Sharpe Ratio Rank: 29
UPWK Sortino Ratio Rank: 30
UPWK Omega Ratio Rank: 30
UPWK Calmar Ratio Rank: 32
UPWK Martin Ratio Rank: 29

EBAY

EBAY Risk / Return Rank: 73
EBAY Sharpe Ratio Rank: 75
EBAY Sortino Ratio Rank: 69
EBAY Omega Ratio Rank: 73
EBAY Calmar Ratio Rank: 75
EBAY Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UPWK vs. EBAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upwork Inc. (UPWK) and eBay Inc. (EBAY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	UPWK	EBAY	Difference
Sharpe ratio Return per unit of total volatility	-0.25	1.06	-1.31
Sortino ratio Return per unit of downside risk	0.04	1.58	-1.55
Omega ratio Gain probability vs. loss probability	1.00	1.24	-0.24
Calmar ratio Return relative to maximum drawdown	-0.27	1.91	-2.18
Martin ratio Return relative to average drawdown	-0.67	4.04	-4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPWK vs. EBAY - Sharpe Ratio Comparison

The current UPWK Sharpe Ratio is -0.25, which is lower than the EBAY Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of UPWK and EBAY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UPWK	EBAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	1.06	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	0.31	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.31	-0.44

Correlation

The correlation between UPWK and EBAY is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UPWK vs. EBAY - Dividend Comparison

UPWK has not paid dividends to shareholders, while EBAY's dividend yield for the trailing twelve months is around 1.27%.

	TTM	2025	2024	2023	2022	2021	2020	2019
UPWK Upwork Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBAY eBay Inc.	1.27%	1.33%	1.74%	2.29%	2.12%	1.08%	1.27%	1.55%

Drawdowns

UPWK vs. EBAY - Drawdown Comparison

The maximum UPWK drawdown since its inception was -87.48%, which is greater than EBAY's maximum drawdown of -82.56%. Use the drawdown chart below to compare losses from any high point for UPWK and EBAY.

Drawdown Indicators

	UPWK	EBAY	Difference
Max Drawdown Largest peak-to-trough decline	-87.48%	-82.56%	-4.92%
Max Drawdown (1Y) Largest decline over 1 year	-52.19%	-20.67%	-31.52%
Max Drawdown (5Y) Largest decline over 5 years	-87.48%	-53.58%	-33.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.58%	—
Current Drawdown Current decline from peak	-81.58%	-6.65%	-74.93%
Average Drawdown Average peak-to-trough decline	-55.42%	-35.88%	-19.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.36%	9.77%	+11.59%

Volatility

UPWK vs. EBAY - Volatility Comparison

Upwork Inc. (UPWK) has a higher volatility of 13.84% compared to eBay Inc. (EBAY) at 7.51%. This indicates that UPWK's price experiences larger fluctuations and is considered to be riskier than EBAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPWK	EBAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.84%	7.51%	+6.33%
Volatility (6M) Calculated over the trailing 6-month period	46.93%	28.58%	+18.35%
Volatility (1Y) Calculated over the trailing 1-year period	58.88%	37.34%	+21.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.42%	32.74%	+30.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.82%	30.99%	+33.83%

Financials

UPWK vs. EBAY - Profitability Comparison

The chart below illustrates the profitability comparison between Upwork Inc. and eBay Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

UPWK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Upwork Inc. reported a gross profit of 154.74M and revenue of 198.41M. Therefore, the gross margin over that period was 78.0%.

EBAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, eBay Inc. reported a gross profit of 2.12B and revenue of 2.97B. Therefore, the gross margin over that period was 71.4%.

UPWK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Upwork Inc. reported an operating income of 28.29M and revenue of 198.41M, resulting in an operating margin of 14.3%.

EBAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, eBay Inc. reported an operating income of 601.00M and revenue of 2.97B, resulting in an operating margin of 20.3%.

UPWK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Upwork Inc. reported a net income of 52.47M and revenue of 198.41M, resulting in a net margin of 26.4%.

EBAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, eBay Inc. reported a net income of 528.00M and revenue of 2.97B, resulting in a net margin of 17.8%.