Vivid Seats (SEAT) Operating Margin (2020 - 2026)
Vivid Seats' Operating Margin was -4.96% in Q2 2026, up 226.10 percentage points from -231.06% a year earlier and up 2.03 percentage points from the prior quarter.
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Analysis
Vivid Seats (SEAT) Operating Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Vivid Seats' Operating Margin was -88.41% through Jun 30, 2026, down 41.96 percentage points year-over-year; for FY2025, it was -136.57%, down 142.02 percentage points from FY2024.
- Operating Margin has now declined for four consecutive years, though with a five-year change of +1904.70 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 5.44% in FY2024 (-4.75 pp), 10.19% in FY2023 (-1.15 pp), 11.34% in FY2022 (-5.94 pp) and 17.28% in FY2021 (+2058.56 pp).
- The Q2 2026 figure marks the highest quarterly Operating Margin since Q1 2025.
- Compared with a year earlier, Operating Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -48.68 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2021 (a gain of 1242.92 percentage points); the worst was Q4 2025 (a drop of 333.14 percentage points).
- Per Business Quant data, SEAT's Operating Margin in the three quarters before Q2 2026 was -6.99% (Q1 2026), -331.69% (Q4 2025) and -16.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 34.00% |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 24.71% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 77.68% |
| 10 | Vivid Seats | 60.49 Mn | -470.27 Mn | 91.22 Mn | -4.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.96% |
| Mar 31, 2026 | -6.99% |
| Dec 31, 2025 | -331.69% |
| Sep 30, 2025 | -16.75% |
| Jun 30, 2025 | -231.06% |
| Mar 31, 2025 | -2.63% |
| Dec 31, 2024 | 1.45% |
| Sep 30, 2024 | 5.77% |
| Jun 30, 2024 | 3.97% |
| Mar 31, 2024 | 10.83% |
| Dec 31, 2023 | 3.56% |
| Sep 30, 2023 | 10.69% |
| Jun 30, 2023 | 10.65% |
| Mar 31, 2023 | 20.81% |
| Dec 31, 2022 | 9.77% |
| Sep 30, 2022 | 13.84% |
| Jun 30, 2022 | 12.14% |
| Mar 31, 2022 | 10.49% |
| Dec 31, 2021 | 27.79% |
| Sep 30, 2021 | 11.09% |
API Access
Vivid Seats Operating 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=operating-margin&ticker=SEAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SEAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();