Annual revenue of Depop 2019-2023

In 2023 Depop generated approximately 63 million U.S. dollars in revenue. This is over double the revenue the company reportedly earned in 2019.

Depop doesn’t stop

Depop is a peer-to-peer secondhand online shop headquartered in London, United Kingdom. The popular e-commerce store specializes in fashion, shoes, bags, and other accessories. In May 2022, users worldwide visited depop.com approximately 9.9 million times. The platform has over 30 million registered users, 3.3 million active buyers, and 1.8 million active sellers. According to a survey, among online second-hand shoppers in the UK, Depop was popular with around a fifth of respondents. In April that same year, users around the world downloaded the Depop app over 470,000 times.

A second-hand demand

Worldwide, the second-hand apparel market was valued at 119 billion U.S. dollars in 2022. By 2026, this figure is forecast to reach 218 billion dollars. In the United States, nearly seven in ten second-hand sellers use online platforms for reselling purposes. Consumers buy pre-loved items online primarily to spend less. Saving money was the driving force behind 73 percent of shoppers in Germany purchasing pre-loved items. In addition, consumers worldwide second-hand shop to create less waste and have a wider selection of products.