diff --git a/synapse/storage/databases/main/receipts.py b/synapse/storage/databases/main/receipts.py
index b04026c21ba9..dc6989527e46 100644
--- a/synapse/storage/databases/main/receipts.py
+++ b/synapse/storage/databases/main/receipts.py
@@ -416,10 +416,10 @@ def f(txn: LoggingTransaction) -> List[Dict[str, Any]]:
             # {"$foo:bar": { "read": { "@user:host": <receipt> }, .. }, .. }
             event_entry = room_event["content"].setdefault(row["event_id"], {})
             receipt_type = event_entry.setdefault(row["receipt_type"], {})
-            if row["thread_id"]:
-                receipt_type[row["user_id"]]["thread_id"] = row["thread_id"]
 
             receipt_type[row["user_id"]] = db_to_json(row["data"])
+            if row["thread_id"]:
+                receipt_type[row["user_id"]]["thread_id"] = row["thread_id"]
 
         results = {
             room_id: [results[room_id]] if room_id in results else []