ThredUp (TDUP) EBT Margin (2020 - 2026)
ThredUp (TDUP) posted quarterly EBT Margin of 7.9% for Q1 2026, down 66.0% year-over-year from 23.22% in Q1 2025, and down 12.07% quarter-over-quarter from 7.04% in Q4 2025.
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Analysis
ThredUp (TDUP) EBT Margin (2020 - 2026) Analysis & Trends
ThredUp (TDUP) has reported EBT Margin for 7 consecutive years, with 7.9% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin fell 66.0% year-over-year to 7.9%; the TTM figure through Mar 2026 stood at 6.69% (up 567.0% YoY), while the FY2025 annual figure was 6.5%, up 888.0% from the prior year.
- EBT Margin fell to 7.9% in Q1 2026 per TDUP's latest filing, from 7.04% in the prior quarter.
- Across five years, EBT Margin topped out at 24.12% in Q4 2023 and bottomed at 37.15% in Q2 2022.
- Historically, EBT Margin has averaged 15.9% across 5 years, with a median of 16.83% in 2024.
- Annual changes were most pronounced in 2023 — EBT Margin surged 5145 bps — and 2024, when it plunged 3613 bps.
- ThredUp's EBT Margin stood at 27.34% in 2022, then jumped by 188 bps to 24.12% in 2023, then sank by 150 bps to 12.01% in 2024, then surged by 41 bps to 7.04% in 2025, then slipped by 12 bps to 7.9% in 2026.
- Business Quant data shows TDUP's EBT Margin at 7.9% in Q1 2026, 7.04% in Q4 2025, and 5.21% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn | 31.58% |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn | 36.60% |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn | 5.96% |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn | 4.65% |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn | 9.19% |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn | 21.22% |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn | 2.68% |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn | -6.02% |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn | 0.06% |
| 10 | ThredUp | 326.58 Mn | 274.15 Mn | 72.52 Mn | -6.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.51% |
| Mar 31, 2026 | -7.90% |
| Dec 31, 2025 | -7.04% |
| Sep 30, 2025 | -5.21% |
| Jun 30, 2025 | -6.63% |
| Mar 31, 2025 | -7.24% |
| Dec 31, 2024 | -12.01% |
| Sep 30, 2024 | -16.83% |
| Jun 30, 2024 | -14.07% |
| Mar 31, 2024 | -18.87% |
| Dec 31, 2023 | 23.91% |
| Sep 30, 2023 | -22.03% |
| Jun 30, 2023 | -22.68% |
| Mar 31, 2023 | -26.06% |
| Dec 31, 2022 | -27.34% |
| Sep 30, 2022 | -34.84% |
| Jun 30, 2022 | -37.15% |
| Mar 31, 2022 | -28.47% |
| Dec 31, 2021 | -24.54% |
| Sep 30, 2021 | -23.23% |