Vinted saw its members trade €10.8bn (£9.4bn) in gross merchandise volume last year, up 47% year on year, as more consumers switched to second-hand.

The marketplace generated €1.1bn (£957m) in sales across its business, up 38%, which it attributed to a strong performance in women’s and kids’ clothing as well as the expansion into more consumer-goods categories.

However, net profit for Vinted fell 19% to €62m (£53m) and adjusted EBITDA slipped 5% to €151m (£131m).

The platform attributed its lower profits on investment to grow its German market, expanding its marketplace categories and its Vinted Go carrier services to Portugal and Spain.

Throughout the period, the pre-loved marketplace launched in Latvia, Estonia and Slovenia. It also received its Electric Money Institution (EMI) licence from the UK’s financial regulator, allowing Vinted Pay to be made available to UK users.

Vinted chief executive Thomas Plantenga said: “To make second-hand first choice, we know what we need to do; we need to be the most cost-efficient, be the most reliable and easy to use. 

“Therefore, we need to build an ecosystem for C2C second-hand trade that maximises value to members at the lowest possible cost. We do this by investing in technology to have long-term, scalable impact.

“That’s why you see us improving our product, investing in safety and member support, while strengthening the rails that power the marketplace, shipping and payments.

“When we do this well, sellers sell their items quicker, buyers find what they want more easily, and at the best price, all while delivery and payment happen seamlessly and reliably. 

“When this happens, the value compounds as the marketplace gets meaningfully better with each additional member.

“In 2025, this happened across every growth vector we have, which resulted in strong growth and, more importantly, a more efficient and stronger foundation that will drive the future consumption shift from new to second-hand.”

Retail Week revealed in February that Vinted is now the third-largest fashion brand in the UK behind Primark and Next.

Data from Spendmapper showed the second-hand marketplace had moved up from fourth place in 2024, with an estimated 17.4 million Brits using the platform.

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