ThredUp (TDUP) Net Margin (2020 - 2026)
ThredUp (TDUP) recorded Net Margin of -6.54% in Q2 2026, up 0.13 percentage points from -6.67% a year earlier and up 1.39 percentage points from the prior quarter.
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Analysis
ThredUp (TDUP) Net Margin (2020 - 2026) Analysis & Trends
On a TTM basis, ThredUp's Net Margin came in at -6.65% as of Jun 30, 2026, up 13.83 percentage points year-over-year; for FY2025, it came in at -6.50%, up 23.10 percentage points from FY2024.
- Annual Net Margin has a five-year change of +19.23 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -29.61% in FY2024 (-2.04 pp), -27.56% in FY2023 (+4.44 pp), -32.00% in FY2022 (-6.91 pp) and -25.09% in FY2021 (+0.65 pp).
- Quarterly Net Margin has ranged from -81.75% in Q4 2023 to -5.17% in Q3 2025 over the past five years.
- On a year-over-year basis, Net Margin rose in six of the last eight quarters, with an average year-over-year change of +15.47 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 49.48 percentage points in Q4 2024, against a drop of 54.41 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -7.92% (Q1 2026), -6.99% (Q4 2025) and -5.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 31.23% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 9.96% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 10.01% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 9.24% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 13.59% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 7.07% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 14.62% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 4.20% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 13.25% |
| 10 | ThredUp | 278.35 Mn | 77.23 Mn | 72.52 Mn | -6.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.54% |
| Mar 31, 2026 | -7.92% |
| Dec 31, 2025 | -6.99% |
| Sep 30, 2025 | -5.17% |
| Jun 30, 2025 | -6.67% |
| Mar 31, 2025 | -7.32% |
| Dec 31, 2024 | -32.27% |
| Sep 30, 2024 | -40.27% |
| Jun 30, 2024 | -20.92% |
| Mar 31, 2024 | -25.65% |
| Dec 31, 2023 | -81.75% |
| Sep 30, 2023 | -22.04% |
| Jun 30, 2023 | -22.70% |
| Mar 31, 2023 | -26.07% |
| Dec 31, 2022 | -27.34% |
| Sep 30, 2022 | -34.85% |
| Jun 30, 2022 | -37.16% |
| Mar 31, 2022 | -28.49% |
| Dec 31, 2021 | -24.58% |
| Sep 30, 2021 | -23.26% |
API Access
ThredUp Net 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=net-margin&ticker=TDUP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TDUP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();