Reddit (RDDT) Gross Margin (2023 - 2026)
Reddit (RDDT) reported Gross Margin of 91.27% for Q2 2026, up 0.45 percentage points from 90.81% a year earlier but down 0.25 percentage points from the prior quarter.
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Analysis
Reddit (RDDT) Gross Margin (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Reddit's Gross Margin came in at 91.44%, up 0.40 percentage points year-over-year; for FY2025, it was 91.18%, up 0.69 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a three-year change of +6.90 percentage points (FY2022 to FY2025).
- By year, Gross Margin came in at 90.49% in FY2024 (+4.30 pp), 86.19% in FY2023 (+1.91 pp) and 84.28% in FY2022.
- Five-year quarterly Gross Margin spans a low of 83.59% in Q1 2023 and a high of 92.55% in Q4 2024.
- Year over year, Gross Margin gained in seven of the last eight quarters, with an average year-over-year change of +1.48 percentage points.
- The high point for year-over-year Gross Margin in five years was Q2 2024 (a gain of 5.26 percentage points); the low point was Q4 2025 (a drop of 0.65 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 91.52% (Q1 2026), 91.91% (Q4 2025) and 91.02% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 33.41% |
| 10 | 29.87 Bn | 19.61 Bn | 734.60 Mn | 91.27% |
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% |
API Access
Reddit Gross 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=gross-margin&ticker=RDDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=RDDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();