Superworth

Reddit profit margin RDDT

Gross, operating and net profit as a share of revenue over the last twelve months, from 2023.

Net margin, 12 months
31.3%
Operating margin, 12 months
28.2%
Net margin on a year earlier
+18.4 pts
Peer median
7.9%

Over the twelve months to Jun 30, 2026, Reddit kept 31.3% of its revenue as net profit, with an operating margin of 28.2% and a gross margin of 91.4%.

The median for 10 communication services stocks of a similar size is 7.9%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202524.1%20.1%91.2%
FY2024−37.2%−43.1%90.5%
FY2023−11.3%−17.4%86.2%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2631.3%+18.4 pts28.2%
Q1 FY2628.6%+20.5 pts25.1%
Q4 FY2524.1%+61.3 pts20.1%
Q3 FY2518.3%+66.2 pts13.8%
Q2 FY2513.0%+71.5 pts7.9%
Q1 FY258.1%+76.6 pts2.2%
Q4 FY24−37.2%−25.9 pts−43.1%
Q3 FY24−47.8%n/a−54.4%
Q2 FY24−58.5%n/a−64.9%
Q1 FY24−68.5%n/a−74.6%
Q4 FY23−11.3%n/a−17.4%
Q3 FY23n/an/an/a

Against its peers

Companies in Communication Services nearest Reddit's size, closest first, today.

CompanyProfit margin
RDDTReddit31.3%
FOXAFox9.8%
ROKURoku6.8%
TKOTKO4.3%
OMCOmnicom1.7%
FWONKLiberty Media9.4%
LYVLive Nation Entertainment0.5%
NWSANews6.3%
WMGWarner Music9.2%
CHTRCharter Communications9.1%
NYTNew York Times13.2%
Peer median7.9%

Where Reddit ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Reddit

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.