ThredUp Inc. (TDUP) Operating Margin (2020 - 2026)

ThredUp has disclosed Operating Margin across 7 years of filings, most recently posting 8.07% for Q1 2026.

• In Q1 2026, Operating Margin fell 45.0% year-over-year to 8.07%; the TTM figure through Mar 2026 stood at 7.13% (up 549.0% YoY), while the FY2025 annual figure was 7.0%, up 862.0% from the prior year.
• Operating Margin improved to 8.07% in Q1 2026, from 8.38% in the prior quarter.
• Over the last five years, Operating Margin for TDUP reached as high as 22.88% in Q4 2023 and fell as low as 37.07% in Q2 2022.
• The 5-year median for Operating Margin is 17.01% (2024), against an average of 15.96%.
• Annual changes were most pronounced in 2023 — Operating Margin surged 4586 bps — and 2024, when it plunged 3500 bps.
• A 5-year view of Operating Margin shows it stood at 22.98% in 2022, then soared by 200 bps to 22.88% in 2023, then slumped by 153 bps to 12.12% in 2024, then soared by 31 bps to 8.38% in 2025, then gained by 4 bps to 8.07% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 8.07%, 8.38%, and 5.34% for Q1 2026, Q4 2025, and Q3 2025 respectively.