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Reddit (RDDT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Reddit (RDDT) Q3 2026 earnings results →
Q3 2026 Revenue up 53% year over year to $895M · 32¢ of every $1 of revenue kept as net profit · operating margin 29.2%
Reddit made $895M in Q3 2026 (+53% Y/Y): Advertising revenue $847M, Other revenue $48.0M. Operating margin 29.2%, net earnings $283M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $895.0M in Q3 2026, up 53% year over year and up 11% from the previous quarter. Advertising revenue was the largest line at 95% of revenue. Advertising revenue added $297.7M year over year (up 54%), 96% of the total change.
Operating profit was $261.6M, a 29.2% margin (up 5.5 points year over year). Of the extra revenue versus Q3 2025, 40% reached operating profit, above the 24% margin then. Total costs grew 42% against revenue growth of 53%. The fastest-growing cost line was Sales & marketing (+63%). Net earnings were $283.3M, up 74% year over year. The effective tax rate was 2.0%.
Operating cash flow was $363.8M (up 96% year over year), 128% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $131.3M of share-based compensation. Working capital and other items used $55.0M. After purchases of property and equipment ($1.2M), free cash flow as the company reports it was $362.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $895M | +53% | 29.2% | $283M | $364M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $805M | +61% | 28.8% | $253M | $262M |
| Q1 2026 | 10-Q | May 1, 2026 | $663M | +69% | 27.6% | $204M | $312M |
| Q4 2025 | 10-K | Feb 6, 2026 | $726M | +70% | 31.9% | $252M | $267M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $585M | +68% | 23.7% | $163M | $185M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $500M | +78% | 13.6% | $89.3M | $111M |
| Q1 2025 | 10-Q | May 2, 2025 | $392M | +62% | 1.0% | $26.2M | $128M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Reddit
We built Reddit with the belief that communities unlock the power of human creativity and create a sense of belonging and empowerment for their members. Our over 100,000 active communities have channeled the power of human creativity to grow Reddit since our founding. We believe the world needs community more than ever, and that this represents our greatest opportunity to further enrich the lives of everyone in the world. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. People are diverse and have multiple interests. Just like in a city, where citizens are part of multiple sub-communities, on Reddit, users often belong to multiple communities.
In its own words, from its 10-K, filed Feb 6, 2026.
Reddit against its Services-Computer Processing & Data Preparation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +53% against the peers' median +6%. Operating margin: 29.2% against the peers' median 11.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RDDT Reddit | Q3 2026 | $895M | +53% | 29.2% |
| ADP Automatic Data Processing | Q1 FY27 | $5.5B | +6% | 23.9% |
| DXC DXC Technology | Q2 FY27 | $3.0B | -4% | 6.2% |
| WDAY Workday | Q2 FY27 | $2.6B | +13% | 11.8% |
| TOST Toast | Q3 2026 | $2.0B | +21% | 8.3% |
| VRSK Verisk Analytics | Q3 2026 | $809M | +5% | 45.2% |
| RNG RingCentral | Q3 2026 | $676M | +6% | 8.0% |
| PLTK Playtika Holding | Q3 2026 | $674M | -0.1% | 17.2% |
| CLVT Clarivate | Q3 2026 | $482M | -9% | 8.3% |
Source: Reddit 10-Q on SEC EDGAR · CIK 1713445 · Services-Computer Processing & Data Preparation
Guidance and outlook
13F: who owns RDDT and who is buying
More on RDDT
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results