Reddit (RDDT) FCF Margin (2023 - 2026)
Reddit's FCF Margin was 32.39% in Q2 2026, up 10.21 percentage points from 22.18% a year earlier but down 14.51 percentage points from the prior quarter.
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Analysis
Reddit (RDDT) FCF Margin (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Reddit's FCF Margin was 36.66% through Jun 30, 2026, up 12.87 percentage points year-over-year; for FY2025, it was 31.06%, up 14.46 percentage points from FY2024.
- FCF Margin has now increased for three consecutive years, with a three-year change of +46.10 percentage points (FY2022 to FY2025).
- In earlier years, FCF Margin was 16.60% in FY2024 (+27.15 pp), -10.55% in FY2023 (+4.49 pp) and -15.04% in FY2022.
- Quarterly FCF Margin has moved between -29.99% (Q2 2023) and 46.90% (Q1 2026) over five years.
- Compared with a year earlier, FCF Margin has increased for ten straight quarters, with an average year-over-year change of +17.46 percentage points over the last eight quarters.
- Across the past five years, year-over-year gain in FCF Margin ran from 9.75 percentage points in Q1 2024 to 39.65 percentage points in Q2 2024.
- Per Business Quant data, RDDT's FCF Margin in the three quarters before Q2 2026 was 46.90% (Q1 2026), 36.33% (Q4 2025) and 31.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 2.87% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 12.14% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 33.57% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 18.25% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 19.67% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 49.55% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 22.77% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 17.50% |
| 10 | 29.87 Bn | 19.61 Bn | 734.60 Mn | 32.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.39% |
| Mar 31, 2026 | 46.90% |
| Dec 31, 2025 | 36.33% |
| Sep 30, 2025 | 31.30% |
| Jun 30, 2025 | 22.18% |
| Mar 31, 2025 | 32.27% |
| Dec 31, 2024 | 20.84% |
| Sep 30, 2024 | 20.17% |
| Jun 30, 2024 | 9.67% |
| Mar 31, 2024 | 12.02% |
| Dec 31, 2023 | -8.82% |
| Sep 30, 2023 | -5.61% |
| Jun 30, 2023 | -29.99% |
| Mar 31, 2023 | 2.27% |
API Access
Reddit FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=RDDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "RDDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=RDDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();