ThredUp (TDUP) EBITDA Margin (2020 - 2026)
ThredUp (TDUP) posted quarterly EBITDA Margin of 8.07% for Q1 2026, down 45.0% year-over-year from 14.67% in Q1 2025, and up 3.72% quarter-over-quarter from 8.38% in Q4 2025.
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ThredUp (TDUP) EBITDA Margin (2020 - 2026) Analysis & Trends
ThredUp (TDUP) has reported EBITDA Margin for 7 consecutive years, with 8.07% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA Margin fell 45.0% year-over-year to 8.07%; the TTM figure through Mar 2026 stood at 7.13% (up 549.0% YoY), while the FY2025 annual figure was 7.0%, up 862.0% from the prior year.
- EBITDA Margin rose to 8.07% in Q1 2026 per TDUP's latest filing, from 8.38% in the prior quarter.
- Across five years, EBITDA Margin topped out at 22.88% in Q4 2023 and bottomed at 37.07% in Q2 2022.
- Historically, EBITDA Margin has averaged 15.96% across 5 years, with a median of 17.01% in 2024.
- Annual changes were most pronounced in 2023 — EBITDA Margin surged 4586 bps — and 2024, when it slumped 3500 bps.
- ThredUp's EBITDA Margin stood at 22.98% in 2022, then jumped by 200 bps to 22.88% in 2023, then sank by 153 bps to 12.12% in 2024, then jumped by 31 bps to 8.38% in 2025, then advanced by 4 bps to 8.07% in 2026.
- Business Quant data shows TDUP's EBITDA Margin at 8.07% in Q1 2026, 8.38% in Q4 2025, and 5.34% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.27 Bn | 2,612.28 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 116.19 Bn | -48,010.22 Bn | 9.45 Bn | 24.62% |
| 3 | DoorDash | 98.67 Bn | 93.32 Bn | 2.35 Bn | 4.63% |
| 4 | Mercadolibre | 98.66 Bn | 83.46 Bn | 4.16 Bn | 6.72% |
| 5 | Sea | 67.43 Bn | 59.03 Bn | 3.55 Bn | 5.52% |
| 6 | Ebay | 46.79 Bn | 43.48 Bn | 2.30 Bn | 21.57% |
| 7 | JD.com | 39.63 Bn | 7.08 Bn | 16.50 Bn | 1.26% |
| 8 | Coupang | 28.43 Bn | 22.32 Bn | 2.49 Bn | -6.28% |
| 9 | Wayfair | 12.38 Bn | 11.24 Bn | 1.05 Bn | 2.96% |
| 10 | ThredUp | 329.18 Mn | 276.75 Mn | 72.52 Mn | -6.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.73% |
| Mar 31, 2026 | -8.07% |
| Dec 31, 2025 | -8.38% |
| Sep 30, 2025 | -5.34% |
| Jun 30, 2025 | -6.75% |
| Mar 31, 2025 | -7.62% |
| Dec 31, 2024 | -12.12% |
| Sep 30, 2024 | -17.01% |
| Jun 30, 2024 | -14.40% |
| Mar 31, 2024 | -19.21% |
| Dec 31, 2023 | 22.88% |
| Sep 30, 2023 | -22.17% |
| Jun 30, 2023 | -22.64% |
| Mar 31, 2023 | -26.58% |
| Dec 31, 2022 | -22.98% |
| Sep 30, 2022 | -35.60% |
| Jun 30, 2022 | -37.07% |
| Mar 31, 2022 | -28.30% |
| Dec 31, 2021 | -25.14% |
| Sep 30, 2021 | -24.49% |