ThredUp (TDUP) Net Margin (2020 - 2026)

ThredUp (TDUP) posted quarterly Net Margin of 7.92% for Q1 2026, up 60.94% quarter-over-quarter from 20.29% in Q4 2024.

ThredUp (TDUP) Net Margin (2020 - 2026) Analysis & Trends

ThredUp (TDUP) has reported Net Margin for 6 consecutive years, with 7.92% the latest figure, recorded in Q1 2026.

In Q1 2026, Net Margin changed N/A year-over-year to 7.92%; the TTM figure through Mar 2026 stood at 2.01% (up 1021.0% YoY), while the FY2024 annual figure was 14.22%, down 692.0% from the prior year.
Net Margin advanced to 7.92% in Q1 2026 per TDUP's latest filing, from 20.29% in the prior quarter.
Across five years, Net Margin topped out at 24.15% in Q4 2023 and bottomed at 37.16% in Q2 2022.
Historically, Net Margin has averaged 18.44% across 4 years, with a median of 22.7% in 2023.
Annual changes were most pronounced in 2023 — Net Margin soared 5149 bps — and 2024, when it sank 4443 bps.
ThredUp's Net Margin stood at 27.34% in 2022, then surged by 188 bps to 24.15% in 2023, then plunged by 184 bps to 20.29% in 2024, then surged by 61 bps to 7.92% in 2026.
Business Quant data shows TDUP's Net Margin at 7.92% in Q1 2026, 20.29% in Q4 2024, and 23.43% in Q3 2024.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Amazon Com	2,931.64 Bn	2,808.66 Bn	198.88 Bn	24.31%
2	PDD Holdings	506.17 Bn	446.63 Bn	9.83 Bn	19.81%
3	Mercadolibre	98.29 Bn	83.09 Bn	4.16 Bn	4.58%
4	DoorDash	92.11 Bn	86.76 Bn	2.35 Bn	4.47%
5	JD.com	87.50 Bn	58.32 Bn	7.66 Bn	1.62%
6	Sea	78.22 Bn	69.70 Bn	3.15 Bn	12.24%
7	Ebay	47.18 Bn	43.87 Bn	2.30 Bn	-0.06%
8	Coupang	29.74 Bn	23.63 Bn	2.49 Bn	-6.44%
9	Zkh	16.36 Bn	16.36 Bn	51.11 Mn	0.00%
10	ThredUp	405.79 Mn	353.36 Mn	72.52 Mn	-6.54%

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