ThredUp (TDUP) Gross Margin (2020 - 2026)
ThredUp (TDUP) recorded Gross Margin of 79.90% in Q2 2026, up 0.40 percentage points from 79.50% a year earlier and up 0.73 percentage points from the prior quarter.
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Analysis
ThredUp (TDUP) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, ThredUp's Gross Margin came in at 79.52% as of Jun 30, 2026, down 0.04 percentage points year-over-year; for FY2025, it was 79.39%, down 0.26 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +10.50 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 79.65% in FY2024 (+2.88 pp), 76.78% in FY2023 (+10.08 pp), 66.70% in FY2022 (-4.05 pp) and 70.75% in FY2021 (+1.85 pp).
- The Q2 2026 figure is the highest quarterly Gross Margin since Q4 2024.
- On a year-over-year basis, Gross Margin rose in five of the last eight quarters, with an average year-over-year change of -13.22 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 132.84 percentage points in Q4 2023, against a drop of 115.47 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 79.17% (Q1 2026), 79.59% (Q4 2025) and 79.37% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 52.26% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 33.04% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 33.83% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 33.67% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 51.45% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 18.76% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 52.15% |
| 10 | ThredUp | 278.35 Mn | 77.23 Mn | 72.52 Mn | 79.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.90% |
| 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% |
API Access
ThredUp Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TDUP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TDUP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TDUP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();