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.
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Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.27 Bn | 2,612.28 Bn | 198.88 Bn | 24.31% |
| 2 | PDD Holdings | 116.19 Bn | -48,010.22 Bn | 9.45 Bn | 24.19% |
| 3 | DoorDash | 98.67 Bn | 93.32 Bn | 2.35 Bn | 4.47% |
| 4 | Mercadolibre | 98.66 Bn | 83.46 Bn | 4.16 Bn | 4.58% |
| 5 | Sea | 67.43 Bn | 59.03 Bn | 3.55 Bn | 11.53% |
| 6 | Ebay | 46.79 Bn | 43.48 Bn | 2.30 Bn | 17.55% |
| 7 | JD.com | 39.63 Bn | 7.08 Bn | 16.50 Bn | 1.85% |
| 8 | Coupang | 28.43 Bn | 22.32 Bn | 2.49 Bn | -6.44% |
| 9 | Wayfair | 12.38 Bn | 11.24 Bn | 1.05 Bn | -0.03% |
| 10 | ThredUp | 329.18 Mn | 276.75 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 | -7.05% |
| Sep 30, 2025 | -5.17% |
| Jun 30, 2025 | -6.67% |
| Mar 31, 2025 | -7.32% |
| Dec 31, 2024 | -32.31% |
| Sep 30, 2024 | -40.27% |
| Jun 30, 2024 | -20.92% |
| Mar 31, 2024 | -25.65% |
| Dec 31, 2023 | 23.94% |
| 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% |