Reddit (RDDT) Net Margin (2023 - 2026)
Reddit's Net Margin was 31.41% in Q2 2026, up 13.54 percentage points from 17.87% a year earlier and up 0.67 percentage points from the prior quarter.
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Analysis
Reddit (RDDT) Net Margin (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Reddit's Net Margin was 31.35% through Jun 30, 2026, up 18.38 percentage points year-over-year; for FY2025, it was 24.05%, up 61.30 percentage points from FY2024.
- Net Margin shows a three-year change of +47.83 percentage points (FY2022 to FY2025).
- In earlier years, Net Margin was -37.25% in FY2024 (-25.95 pp), -11.30% in FY2023 (+12.49 pp) and -23.78% in FY2022.
- Quarterly Net Margin has moved between -236.69% (Q1 2024) and 34.67% (Q4 2025) over five years.
- Compared with a year earlier, Net Margin has increased for nine straight quarters, with an average year-over-year change of +45.13 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q1 2025 (a gain of 243.36 percentage points); the worst was Q1 2024 (a drop of 199.52 percentage points).
- Per Business Quant data, RDDT's Net Margin in the three quarters before Q2 2026 was 30.75% (Q1 2026), 34.67% (Q4 2025) and 27.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 26.52% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 11.41% |
| 10 | 29.87 Bn | 19.61 Bn | 734.60 Mn | 31.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.41% |
| Mar 31, 2026 | 30.75% |
| Dec 31, 2025 | 34.67% |
| Sep 30, 2025 | 27.81% |
| Jun 30, 2025 | 17.87% |
| Mar 31, 2025 | 6.67% |
| Dec 31, 2024 | 16.61% |
| Sep 30, 2024 | 8.57% |
| Jun 30, 2024 | -3.59% |
| Mar 31, 2024 | -236.69% |
| Dec 31, 2023 | 7.42% |
| Sep 30, 2023 | -3.56% |
| Jun 30, 2023 | -22.46% |
| Mar 31, 2023 | -37.17% |
API Access
Reddit Net 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=net-margin&ticker=RDDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=RDDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();