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8X8 vs Upwork: EGHT and UPWK compared
8X8 is the larger company: $192M of revenue in its latest quarter (Q2 FY27) against $186M for Upwork (Q3 2026). 8X8 is growing faster (+4% against -8% a year earlier). Upwork is more profitable, with an operating margin of 18.6% against 3.6%.
Where the money goes: EGHT and UPWK
8X8 (EGHT) · Q2 FY27
8X8, Q2 FY27: revenue $192M (+4% year over year), operating margin 3.6%, net earnings $3.4M, operating cash flow $13.1M. The chart follows the revenue to costs, profit and cash.
Upwork (UPWK) · Q3 2026
Upwork, Q3 2026: revenue $186M (-8% year over year), operating margin 18.6%, net earnings $31.8M, operating cash flow $65.9M. The chart follows the revenue to costs, profit and cash.
| 8X8 (EGHT) | Upwork (UPWK) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $192M | $186M |
| Revenue growth, Y/Y | +4% | -8% |
| Gross margin | 59.7% | 76.1% |
| Operating margin | 3.6% | 18.6% |
| Net earnings | $3.4M | $31.8M |
| Net margin | 1.8% | 17.1% |
| Operating cash flow | $13.1M | $65.9M |
| Free cash flow | $12.5M | $53.9M |
| Market value | — | $1.1B |
| P/E | — | 10.6× |
| Analysts’ mean target | — | $10.64 |
Where the revenue comes from
8X8
- Service: $188M (98%)
- Other revenue: $4.2M (2%)
Upwork
- Marketplace: $159M (86%)
- Enterprise: $26.3M (14%)
Questions
Which is bigger, 8X8 or Upwork?
8X8 is the larger company: $192M of revenue in its latest quarter (Q2 FY27) against $186M for Upwork (Q3 2026).
Is 8X8 or Upwork growing faster?
8X8 is growing faster (+4% against -8% a year earlier).
Which is more profitable, 8X8 or Upwork?
Upwork is more profitable, with an operating margin of 18.6% against 3.6%.
More: 8X8 earnings · how 8X8 makes money · Upwork earnings · how Upwork makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.