diff --git a/discord/reaction.py b/discord/reaction.py
index 2a8c7f041..1ade311f5 100644
--- a/discord/reaction.py
+++ b/discord/reaction.py
@@ -237,6 +237,9 @@ class Reaction:
             if data:
                 limit -= len(data)
                 after = Object(id=int(data[-1]['id']))
+            else:
+                # Terminate loop if we received no data
+                limit = 0
 
             if guild is None or isinstance(guild, Object):
                 for raw_user in reversed(data):