ThredUp annual operating margin
2019
2020
2021
2022
2023
2024
2025
ThredUp Operating Margin Growth & History (TDUP)
ThredUp's operating margin was −7.00% for fiscal 2025.
View full ThredUp company overviewThredUp annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −7.00% | +8.62 pp |
| 2024 | 2024-12-31 | −15.62% | +4.88 pp |
| 2023 | 2023-12-31 | −20.50% | +10.53 pp |
| 2022 | 2022-12-31 | −31.03% | −6.25 pp |
| 2021 | 2021-12-31 | −24.78% | +0.27 pp |
| 2020 | 2020-12-31 | −25.05% | −2.58 pp |
| 2019 | 2019-12-31 | −22.47% | — |
ThredUp quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −6.73% | +0.02 pp |
| Q1 2026 | 2026-03-31 | −8.07% | −0.45 pp |
| Q4 2025 | 2025-12-31 | −8.38% | +3.74 pp |
| Q3 2025 | 2025-09-30 | −5.34% | +11.67 pp |
| Q2 2025 | 2025-06-30 | −6.75% | +7.64 pp |
| Q1 2025 | 2025-03-31 | −7.62% | +11.58 pp |
| Q4 2024 | 2024-12-31 | −12.12% | −35.00 pp |
| Q3 2024 | 2024-09-30 | −17.01% | +5.16 pp |
| Q2 2024 | 2024-06-30 | −14.40% | +8.24 pp |
| Q1 2024 | 2024-03-31 | −19.21% | +7.38 pp |
| Q4 2023 | 2023-12-31 | 22.88% | +45.86 pp |
| Q3 2023 | 2023-09-30 | −22.17% | +13.43 pp |
| Q2 2023 | 2023-06-30 | −22.64% | +14.44 pp |
| Q1 2023 | 2023-03-31 | −26.58% | +1.72 pp |
| Q4 2022 | 2022-12-31 | −22.98% | +2.16 pp |
| Q3 2022 | 2022-09-30 | −35.60% | −11.11 pp |
| Q2 2022 | 2022-06-30 | −37.07% | −13.92 pp |
| Q1 2022 | 2022-03-31 | −28.30% | −1.94 pp |
| Q4 2021 | 2021-12-31 | −25.14% | +12.26 pp |
| Q3 2021 | 2021-09-30 | −24.49% | −1.94 pp |
| Q2 2021 | 2021-06-30 | −23.16% | −9.48 pp |
| Q1 2021 | 2021-03-31 | −26.36% | +1.13 pp |
| Q4 2020 | 2020-12-31 | −37.41% | — |
| Q3 2020 | 2020-09-30 | −22.55% | — |
| Q2 2020 | 2020-06-30 | −13.68% | — |
| Q1 2020 | 2020-03-31 | −27.49% | — |
ThredUp operating margin trends
Over the last five reported fiscal years, ThredUp's operating margin increased from −25.05% to −7.00%, a change of +18.05 percentage points. The latest reported quarter, Q2 2026, shows −6.73%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗