Vivid Seats (SEAT) Gross Margin (2020 - 2026)
Vivid Seats (SEAT) recorded Gross Margin of 70.24% in Q2 2026, down 0.20 percentage points from 70.45% a year earlier but up 1.40 percentage points from the prior quarter.
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Analysis
Vivid Seats (SEAT) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Vivid Seats' Gross Margin came in at 68.33% as of Jun 30, 2026, down 4.23 percentage points year-over-year; for FY2025, it was 69.61%, down 4.36 percentage points from FY2024.
- Annual Gross Margin has declined for three straight years, though with a five-year change of +40.00 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 73.97% in FY2024 (-3.19 pp), 77.17% in FY2023 (-2.43 pp), 79.60% in FY2022 (+0.05 pp) and 79.55% in FY2021 (+49.93 pp).
- Quarterly Gross Margin has ranged from 66.77% in Q4 2025 to 84.88% in Q4 2022 over the past five years.
- On a year-over-year basis, Gross Margin has declined for eight consecutive quarters, with an average year-over-year change of -3.89 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 148.50 percentage points in Q4 2021, against a drop of 8.44 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 68.84% (Q1 2026), 66.77% (Q4 2025) and 67.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | 61.65% |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | 51.93% |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | 38.11% |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 47.67% |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | 44.93% |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | - |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | 57.06% |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | 33.41% |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | 82.46% |
| 10 | Vivid Seats | 61.13 Mn | -469.63 Mn | 91.22 Mn | 70.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.24% |
| Mar 31, 2026 | 68.84% |
| Dec 31, 2025 | 66.77% |
| Sep 30, 2025 | 67.49% |
| Jun 30, 2025 | 70.45% |
| Mar 31, 2025 | 72.85% |
| Dec 31, 2024 | 73.74% |
| Sep 30, 2024 | 72.65% |
| Jun 30, 2024 | 75.41% |
| Mar 31, 2024 | 74.02% |
| Dec 31, 2023 | 81.88% |
| Sep 30, 2023 | 73.18% |
| Jun 30, 2023 | 74.23% |
| Mar 31, 2023 | 76.56% |
| Dec 31, 2022 | 84.88% |
| Sep 30, 2022 | 76.01% |
| Jun 30, 2022 | 78.05% |
| Mar 31, 2022 | 75.40% |
| Dec 31, 2021 | 77.89% |
| Sep 30, 2021 | 78.16% |
API Access
Vivid Seats 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=SEAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SEAT", "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=SEAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();