ThredUp (TDUP) Operating Margin (2020 - 2026)
ThredUp (TDUP) posted Operating Margin of -6.73% for Q2 2026, up 0.02 percentage points from -6.75% a year earlier and up 1.33 percentage points from the prior quarter.
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Analysis
ThredUp (TDUP) Operating Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at ThredUp was -7.11%, up 3.44 percentage points year-over-year; for FY2025, it was -7.00%, up 8.62 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +18.05 percentage points (FY2020 to FY2025).
- In prior years, ThredUp's Operating Margin was -15.62% in FY2024 (+4.88 pp), -20.50% in FY2023 (+10.53 pp), -31.03% in FY2022 (-6.25 pp) and -24.78% in FY2021 (+0.27 pp).
- Quarterly Operating Margin has run from a low of -37.07% in Q2 2022 to a high of 22.88% in Q4 2023 over five years.
- On a year-over-year basis, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +0.55 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2023, with a gain of 45.86 percentage points; the weakest was Q4 2024, with a drop of 35.00 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -8.07% (Q1 2026), -8.38% (Q4 2025) and -5.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 13.69% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 14.29% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 13.09% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 13.67% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 17.62% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 9.65% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 20.15% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 9.22% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 19.08% |
| 10 | ThredUp | 278.35 Mn | 77.23 Mn | 72.52 Mn | -6.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.73% |
| Mar 31, 2026 | -8.07% |
| Dec 31, 2025 | -8.38% |
| Sep 30, 2025 | -5.34% |
| Jun 30, 2025 | -6.75% |
| Mar 31, 2025 | -7.62% |
| Dec 31, 2024 | -12.12% |
| Sep 30, 2024 | -17.01% |
| Jun 30, 2024 | -14.40% |
| Mar 31, 2024 | -19.21% |
| Dec 31, 2023 | 22.88% |
| Sep 30, 2023 | -22.17% |
| Jun 30, 2023 | -22.64% |
| Mar 31, 2023 | -26.58% |
| Dec 31, 2022 | -22.98% |
| Sep 30, 2022 | -35.60% |
| Jun 30, 2022 | -37.07% |
| Mar 31, 2022 | -28.30% |
| Dec 31, 2021 | -25.14% |
| Sep 30, 2021 | -24.49% |
API Access
ThredUp Operating 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=operating-margin&ticker=TDUP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TDUP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();