Vivid Seats (SEATW) Gross Margin (2020 - 2026)
Vivid Seats (SEATW) recorded quarterly Gross Margin of 100.0% in Q1 2026, down 29.14% quarter-over-quarter from 141.13% in Q4 2025, and up 3909.0% on a YoY basis from 2.49% in Q1 2025.
Vivid Seats (SEATW) Gross Margin (2020 - 2026) Analysis & Trends
Vivid Seats' Gross Margin history runs 7 years deep, the most recent figure standing at 100.0% for Q1 2026.
- In Q1 2026, Gross Margin rose 3909.0% year-over-year to 100.0%; the TTM figure through Mar 2026 stood at 364.73% (up 27510.0% YoY), while the FY2025 annual figure was 73.37%, down 17337.0% from the prior year.
- Gross Margin was 100.0% for Q1 2026 at Vivid Seats, down from 141.13% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 141.13% in Q4 2025 to a low of 148.54% in Q2 2023.
- Historically, Gross Margin has averaged 69.39% across 5 years, with a median of 79.78% in 2025.
- The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 23598 bps in 2023, then soared 21319 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 122.7% in 2022, then retreated by 27 bps to 89.17% in 2023, then increased by 24 bps to 110.89% in 2024, then climbed by 27 bps to 141.13% in 2025, then fell by 29 bps to 100.0% in 2026.
- The last three Gross Margin figures came in at 100.0% (Q1 2026), 141.13% (Q4 2025), and 79.78% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 32.98% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 77.17% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 85.23% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 75.62% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | 84.37% |
| 10 | Vivid Seats | - | - | 97.53 Mn | 100.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 100.00% |
| Dec 31, 2025 | 141.13% |
| Sep 30, 2025 | 79.78% |
| Jun 30, 2025 | 100.00% |
| Mar 31, 2025 | 60.91% |
| Dec 31, 2024 | 110.89% |
| Sep 30, 2024 | 63.65% |
| Jun 30, 2024 | 64.65% |
| Mar 31, 2024 | 67.56% |
| Dec 31, 2023 | 89.17% |
| Sep 30, 2023 | 67.31% |
| Jun 30, 2023 | -148.54% |
| Mar 31, 2023 | 59.90% |
| Dec 31, 2022 | 122.70% |
| Sep 30, 2022 | 25.15% |
| Jun 30, 2022 | 87.44% |
| Mar 31, 2022 | 87.95% |
| Dec 31, 2021 | 102.43% |
| Sep 30, 2021 | 78.16% |
| Jun 30, 2021 | 82.70% |