What is Reddit's income tax?

Reddit (RDDT) reported income tax of $1.75M in Q1 2026.

How has Reddit's income tax changed year-over-year?

Reddit's income tax increased by 201.5% year-over-year, from -$1.72M to $1.75M.

What is the long-term trend for Reddit's income tax?

Over 2 years (2022 to 2024), Reddit's income tax has grown at a 22.3% compound annual growth rate (CAGR), from $622K to -$931K.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Reddit RDDT Income Tax

Income Tax at other companies

Meta Platforms, Inc.META

-$5.02B-389%

Pinterest, Inc.PINS

$10.09M+180%

SnapSNAP

$3.19M-62.1%

Omnicom GroupOMC

$154.6M+28.1%

Taboola.com Ltd.TBLA

$10.07M+601%

Alphabet Inc.GOOGL

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Segments

By segment

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Reportable Segment$1.75M+202%

Other financials

Income statement

See full

Revenue$663.4M+69.1%

Gross profit$607.1M+70.9%

Operating income$182.9M+4,586%

Net income$204.0M+680%

EPS (diluted)$1.01+677%

Balance sheet

See full

Cash & equivalents$1.4B+116%

Total debt$21.3M-19.8%

Total equity$3.2B+43.4%

Total assets$3.5B+43.0%

Cash flow

See full

Operating cash flow$312.3M+145%

CapEx$1.1M+11.3%

Free cash flow$311.2M+146%

Valuation

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Market cap$32.14B+23.7%

Enterprise value$30.78B+21.8%

P/E45.4×—

P/S13×-2.6×

Profitability

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Gross margin91.4%+0.6pp

Operating margin25.1%+23.8pp

Net margin28.6%—

FCF margin35.1%+13.5pp

Returns & leverage

See full

Return on equity26.2%—

Debt / equity0×0.0×

Current ratio12.7×+0.3×

Where this comes from

Reported directly by Reddit in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Reddit’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Reddit's income tax?: Reddit (RDDT) reported income tax of $1.75M in Q1 2026.
How has Reddit's income tax changed year-over-year?: Reddit's income tax increased by 201.5% year-over-year, from -$1.72M to $1.75M.
What is the long-term trend for Reddit's income tax?: Over 2 years (2022 to 2024), Reddit's income tax has grown at a 22.3% compound annual growth rate (CAGR), from $622K to -$931K.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.