Reddit (RDDT) Operating Margin (2023 - 2026)
Reddit (RDDT) posted quarterly Operating Margin of 28.79% for Q2 2026, up 1524.0% year-over-year from 1.77% in Q2 2025, and up 4.41% on a QoQ basis from 27.57% in Q1 2026.
Reddit (RDDT) Operating Margin (2023 - 2026) Analysis & Trends
Reddit has reported Operating Margin for 4 years, with the latest figure at 28.79% in Q2 2026.
- Operating Margin for Q2 2026 came in at 28.79%, up 1524.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 28.25% (up 2038.0% YoY), and the FY2025 annual result was 20.07%, up 6318.0% from the prior year.
- Operating Margin climbed to 28.79% in Q2 2026, from 27.57% in the prior quarter.
- Over five years, Operating Margin peaked at 31.95% in Q4 2025 and troughed at 242.53% in Q1 2024.
- A 4-year average of 13.79% and a median of 1.59% in 2023 frame the typical range for Operating Margin.
- The widest annual swing landed in 2024, when Operating Margin tumbled 19941 bps; it then jumped 24352 bps in 2025.
- A 4-year view of Operating Margin shows it stood at 1.21% in 2023, then soared by 924 bps to 12.36% in 2024, then jumped by 158 bps to 31.95% in 2025, then declined by 10 bps to 28.79% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 28.79% in Q2 2026, 27.57% in Q1 2026, and 31.95% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,193.43 Bn | 3,764.39 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,532.92 Bn | 1,442.66 Bn | 49.47 Bn | 30.88% |
| 3 | Taboola.com | 1,133.50 Bn | 1,133.37 Bn | 139.48 Mn | 1.52% |
| 4 | Baidu | 288.97 Bn | 284.48 Bn | 1.88 Mn | 10.65% |
| 5 | Spotify Technology | 103.02 Bn | 92.78 Bn | 1.75 Bn | 23.32% |
| 6 | Joyy | 77.47 Bn | 76.58 Bn | 205.64 Mn | 3.14% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 18.99% |
| 8 | Nebius | 49.21 Bn | 39.58 Bn | 295.20 Mn | -32.08% |
| 9 | 30.37 Bn | 27.58 Bn | 734.60 Mn | 28.79% | |
| 10 | Tencent Music Entertainment | 27.01 Bn | 24.31 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.79% |
| Mar 31, 2026 | 27.57% |
| Dec 31, 2025 | 31.95% |
| Sep 30, 2025 | 23.69% |
| Jun 30, 2025 | 13.55% |
| Mar 31, 2025 | 0.99% |
| Dec 31, 2024 | 12.36% |
| Sep 30, 2024 | 1.97% |
| Jun 30, 2024 | -11.04% |
| Mar 31, 2024 | -242.53% |
| Dec 31, 2023 | 1.21% |
| Sep 30, 2023 | -9.44% |
| Jun 30, 2023 | -28.95% |
| Mar 31, 2023 | -43.12% |