Reddit (RDDT) Gross Margin (2023 - 2026)
Reddit (RDDT) posted quarterly Gross Margin of 91.27% for Q2 2026, up 45.0% year-over-year from 62.94% in Q2 2025, and little changed on a QoQ basis from 91.52% in Q1 2026.
Powered by 
Analysis
Reddit (RDDT) Gross Margin (2023 - 2026) Analysis & Trends
Reddit has reported Gross Margin for 4 years, with the latest figure at 91.27% in Q2 2026.
- Gross Margin for Q2 2026 came in at 91.27%, up 45.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 91.44% (up 40.0% YoY), and the FY2025 annual result was 91.18%, up 69.0% from the prior year.
- Gross Margin held at 91.27% in Q2 2026, from 91.52% in the prior quarter.
- Over five years, Gross Margin peaked at 92.55% in Q4 2024 and troughed at 83.59% in Q1 2023.
- A 4-year average of 89.38% and a median of 90.3% in 2025 frame the typical range for Gross Margin.
- The widest annual swing landed in 2024, when Gross Margin surged 526 bps; it then sank 65 bps in 2025.
- A 4-year view of Gross Margin shows it stood at 88.42% in 2023, then rose by 5 bps to 92.55% in 2024, then retreated by 1 bps to 91.91% in 2025, then retreated by 1 bps to 91.27% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 91.27% in Q2 2026, 91.52% in Q1 2026, and 91.91% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 81.37% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 33.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 77.06% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 91.27% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 37.22% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 78.18% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 76.06% |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | 58.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 91.27% |
| Mar 31, 2026 | 91.52% |
| Dec 31, 2025 | 91.91% |
| Sep 30, 2025 | 91.02% |
| Jun 30, 2025 | 90.81% |
| Mar 31, 2025 | 90.55% |
| Dec 31, 2024 | 92.55% |
| Sep 30, 2024 | 90.06% |
| Jun 30, 2024 | 89.51% |
| Mar 31, 2024 | 88.63% |
| Dec 31, 2023 | 88.42% |
| Sep 30, 2023 | 87.28% |
| Jun 30, 2023 | 84.25% |
| Mar 31, 2023 | 83.59% |