ATRenew (RERE) Operating Margin (2020 - 2026)

ATRenew (RERE) posted Operating Margin of 43.07% for Q1 2026, up 6.13% sequentially from 40.58% in Q4 2025, and up 2442.0% YoY from 1.69% in Q1 2025.

ATRenew (RERE) Operating Margin (2020 - 2026) Analysis & Trends

ATRenew has reported Operating Margin for 7 years, with the latest figure at 43.07% in Q1 2026.

Quarterly Operating Margin rose 2442.0% year-over-year to 43.07% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 33.42% (up 2398.0% YoY) and the FY2025 annual result came in at 27.34%, up 2715.0% from the prior year.
Operating Margin climbed to 43.07% in Q1 2026 per RERE's latest filing, from 40.58% in the prior quarter.
Over five years, Operating Margin peaked at 43.07% in Q1 2026 and troughed at 753.82% in Q4 2022.
A 5-year average of 46.41% and a median of 4.76% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 71884 bps in 2022, then soared 74906 bps in 2023.
Over 5 years, Operating Margin stood at 753.82% in 2022, then jumped by 99 bps to 4.76% in 2023, then surged by 387 bps to 13.66% in 2024, then jumped by 197 bps to 40.58% in 2025, then rose by 6 bps to 43.07% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 43.07%, 40.58%, and 28.57% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Amazon Com	2,938.11 Bn	2,815.12 Bn	198.88 Bn	13.43%
2	PDD Holdings	506.15 Bn	446.60 Bn	9.83 Bn	22.37%
3	Mercadolibre	98.09 Bn	82.90 Bn	4.16 Bn	6.72%
4	DoorDash	93.45 Bn	88.10 Bn	2.35 Bn	3.50%
5	JD.com	87.02 Bn	57.84 Bn	7.66 Bn	1.21%
6	Sea	77.91 Bn	69.39 Bn	3.15 Bn	80.28%
7	Ebay	47.32 Bn	44.01 Bn	2.30 Bn	21.57%
8	Coupang	29.67 Bn	23.56 Bn	2.49 Bn	-6.28%
9	Zkh	16.25 Bn	16.25 Bn	51.11 Mn	-1.06%
10	ATRenew	721.31 Mn	575.04 Mn	-633.28 Mn	43.07%

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