Earnings day is the day a listed company such as Upwork Inc. publishes its results for the quarter just ended, usually as a press release filed with the SEC and a call with analysts the same afternoon.
For Upwork the release is the first public sight of the figures that describe the marketplace: gross services volume, revenue, active clients, GSV per active client, the marketplace and Enterprise split, net income and adjusted EBITDA. The release is attached to a Form 8-K, and the full quarterly report, the Form 10-Q or, for the fourth quarter, the 10-K, follows with the audited tables. Management also gives guidance for the next quarter and the year, which is what moves the share price more often than the quarter itself.
Earnings day is about the marketplace as a whole, not about any one agency. GSV and active clients describe every dollar and every buyer on the platform; nothing in the release says how much of the volume went to agencies, or to any country or category, because Upwork does not break it out that way. Reading a strong or weak quarter as a verdict on one agency's prospects is the common mistake.
How Upwork Insights uses it
The Pulse page is updated from each release: the figures are taken from the press release attached to the 8-K and the XBRL company facts, each row links to its filing, and the latest quarter on file is Q3 2026, with GSV of $914.1M and a take rate of 20.3%. The GSV and take-rate stat pages explain the latest figures in plain words.