ThredUp (TDUP) Gross Margin (2020 - 2026)
ThredUp (TDUP) reported Gross Margin of 79.17% for Q1 2026, up 10.0% year-over-year from 71.97% in Q1 2025, and down 0.52% quarter-over-quarter from 79.59% in Q4 2025.
ThredUp (TDUP) Gross Margin (2020 - 2026) Analysis & Trends
ThredUp (TDUP) has 7 years of Gross Margin data on file, last reported at 79.17% in Q1 2026.
- Gross Margin for Q1 2026 came in at 79.17%, up 10.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 79.4% (up 2.0% YoY), and the FY2025 annual result was 79.39%, down 26.0% from the prior year.
- Gross Margin retreated to 79.17% in Q1 2026 per TDUP's latest filing, from 79.59% in the prior quarter.
- Over five years, Gross Margin peaked at 195.89% in Q4 2023 and troughed at 63.05% in Q4 2022.
- A 5-year average of 81.26% and a median of 79.07% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin soared 13284 bps in 2023, then tumbled 11547 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 63.05% in 2022, then surged by 211 bps to 195.89% in 2023, then slumped by 59 bps to 80.43% in 2024, then declined by 1 bps to 79.59% in 2025, then declined by 1 bps to 79.17% in 2026.
- Business Quant data shows TDUP's Gross Margin at 79.17% in Q1 2026, 79.59% in Q4 2025, and 79.37% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,624.51 Bn | 2,481.43 Bn | 171.21 Bn | 94.32% |
| 2 | Mercadolibre | 83.29 Bn | 77.64 Bn | 3.86 Bn | 43.66% |
| 3 | DoorDash | 67.87 Bn | 63.01 Bn | 2.04 Bn | 50.64% |
| 4 | PDD Holdings | 64.68 Bn | 40.01 Bn | 12.81 Bn | 72.28% |
| 5 | Ebay | 48.60 Bn | 44.74 Bn | 2.29 Bn | 74.04% |
| 6 | Coupang | 29.01 Bn | 28.92 Bn | 2.30 Bn | 27.01% |
| 7 | Zkh | 16.33 Bn | 16.33 Bn | 285.30 Mn | 93.10% |
| 8 | Maplebear | 10.11 Bn | 9.42 Bn | 738.00 Mn | 72.42% |
| 9 | Wayfair | 9.36 Bn | 8.30 Bn | 880.00 Mn | 30.02% |
| 10 | ThredUp | 629.52 Mn | 580.06 Mn | 64.66 Mn | 79.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 79.17% |
| Dec 31, 2025 | 79.59% |
| Sep 30, 2025 | 79.37% |
| Jun 30, 2025 | 79.50% |
| Mar 31, 2025 | 79.07% |
| Dec 31, 2024 | 80.43% |
| Sep 30, 2024 | 79.26% |
| Jun 30, 2024 | 78.78% |
| Mar 31, 2024 | 80.13% |
| Dec 31, 2023 | 195.89% |
| Sep 30, 2023 | 69.02% |
| Jun 30, 2023 | 67.42% |
| Mar 31, 2023 | 67.30% |
| Dec 31, 2022 | 63.05% |
| Sep 30, 2022 | 65.49% |
| Jun 30, 2022 | 68.89% |
| Mar 31, 2022 | 69.09% |
| Dec 31, 2021 | 66.12% |
| Sep 30, 2021 | 72.85% |
| Jun 30, 2021 | 73.60% |