ThredUp annual gross margin
2019
2020
2021
2022
2023
2024
2025
ThredUp Gross Margin Growth & History (TDUP)
ThredUp's gross margin was 79.39% for fiscal 2025.
View full ThredUp company overviewThredUp annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 79.39% | −0.26 pp |
| 2024 | 2024-12-31 | 79.65% | +2.88 pp |
| 2023 | 2023-12-31 | 76.78% | +10.08 pp |
| 2022 | 2022-12-31 | 66.70% | −4.05 pp |
| 2021 | 2021-12-31 | 70.75% | +1.85 pp |
| 2020 | 2020-12-31 | 68.89% | +0.21 pp |
| 2019 | 2019-12-31 | 68.68% | — |
ThredUp quarterly gross margin
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 79.90% | +0.40 pp |
| Q1 2026 | 2026-03-31 | 79.17% | +0.10 pp |
| Q4 2025 | 2025-12-31 | 79.59% | −0.84 pp |
| Q3 2025 | 2025-09-30 | 79.37% | +0.11 pp |
| Q2 2025 | 2025-06-30 | 79.50% | +0.72 pp |
| Q1 2025 | 2025-03-31 | 79.07% | −1.06 pp |
| Q4 2024 | 2024-12-31 | 80.43% | −115.47 pp |
| Q3 2024 | 2024-09-30 | 79.26% | +10.24 pp |
| Q2 2024 | 2024-06-30 | 78.78% | +11.35 pp |
| Q1 2024 | 2024-03-31 | 80.13% | +12.84 pp |
| Q4 2023 | 2023-12-31 | 195.89% | +132.84 pp |
| Q3 2023 | 2023-09-30 | 69.02% | +3.53 pp |
| Q2 2023 | 2023-06-30 | 67.42% | −1.47 pp |
| Q1 2023 | 2023-03-31 | 67.30% | −1.80 pp |
| Q4 2022 | 2022-12-31 | 63.05% | −3.07 pp |
| Q3 2022 | 2022-09-30 | 65.49% | −7.36 pp |
| Q2 2022 | 2022-06-30 | 68.89% | −4.71 pp |
| Q1 2022 | 2022-03-31 | 69.09% | −2.24 pp |
| Q4 2021 | 2021-12-31 | 66.12% | −2.34 pp |
| Q3 2021 | 2021-09-30 | 72.85% | +3.01 pp |
| Q2 2021 | 2021-06-30 | 73.60% | +3.86 pp |
| Q1 2021 | 2021-03-31 | 71.33% | +3.80 pp |
| Q4 2020 | 2020-12-31 | 68.46% | — |
| Q3 2020 | 2020-09-30 | 69.84% | — |
| Q2 2020 | 2020-06-30 | 69.74% | — |
| Q1 2020 | 2020-03-31 | 67.53% | — |
ThredUp gross margin trends
Over the last five reported fiscal years, ThredUp's gross margin increased from 68.89% to 79.39%, a change of +10.50 percentage points. The latest reported quarter, Q2 2026, shows 79.90%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ThredUp filings at SEC.gov ↗