Bullying represents a severe problem with possible short- and long-term consequences for bullying participants. However, the characteristics of these individuals are not entirely known and bullying roles are often ambiguous. Therefore, the present study aimed to identify latent subgroups of bullying participants by latent profile analysis, including both self- and peer-reports and to recognize the differences among the latent subgroups. The sample included 1,905 elementary school students (49.9 % boys, Mage = 12.8, SD = 1.2). The latent profile analysis revealed five profiles according to their degree of victimization and/or bullying behavior: uninvolved students, self-reported uninvolved students, bullies, victims, and bully-victims. Victims and bully-victims reported the lowest peer support; in addition, bully-victims reported the lowest teacher support and the highest level of anger-related problems. Bullies were perceived as the most popular; victims and bully-victims reported the lowest social self-concept among all groups. Uninvolved students and self-reported uninvolved students differed in perceived popularity, anger control, peer- and teacher support. The results highlight the need to tailor interventions according to the subgroup of bullying participants to minimize unwanted behavior or offer additional support for victims.