For the twelve months ended Jun 30, 2026, The Trade Desk Inc. reported $2.99B of revenue and $406.89M of net income.
TTD revenue was $715.06M in fiscal Q2 2026 (ended Jun 30, 2026), up 3.0% from a year earlier and up 3.8% from the prior quarter. For the full fiscal 2025 it was $2.90B, up 18.5% from fiscal 2024. Compound annual growth was +28.2% over 5 years. It rose in each of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.
TTD net income was $64.39M in fiscal Q2 2026 (ended Jun 30, 2026), down 28.6% from a year earlier and up 61.0% from the prior quarter. For the full fiscal 2025 it was $443.30M, up 12.8% from fiscal 2024. Compound annual growth was +12.8% over 5 years and +39.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 12 fiscal years on file.
TTD diluted EPS was $0.14 in fiscal Q2 2026 (ended Jun 30, 2026), down 22.2% from a year earlier and up 75.0% from the prior quarter. For the full fiscal 2025 it was $0.90, up 15.4% from fiscal 2024. Compound annual growth was +12.9% over 5 years.
TTD free cash flow was $140.37M in fiscal Q2 2026 (ended Jun 30, 2026), up 17.2% from a year earlier and down 49.7% from the prior quarter. For the full fiscal 2025 it was $795.71M, up 24.1% from fiscal 2024. Compound annual growth was +19.2% over 5 years. It rose in 6 of the last 9 fiscal years. Fiscal 2025 is the highest of the 12 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.90B | $2.44B | $1.95B | $1.58B | $1.20B | $836.03M | $661.06M | $477.29M | $308.22M | $202.93M |
| Cost of revenue | $619.07M | $472.01M | $365.60M | $281.12M | $221.55M | $178.81M | $156.18M | $114.10M | $66.23M | $39.88M |
| Gross profit | $2.28B | $1.97B | $1.58B | $1.30B | $974.91M | $657.22M | $504.88M | $363.20M | $241.99M | $163.05M |
| Research and development | $525.14M | $463.32M | $411.79M | $319.88M | $226.14M | $166.65M | $116.75M | $83.89M | $52.81M | $27.31M |
| Selling, general and admin | $518.46M | $535.82M | $520.28M | $525.17M | $374.66M | $171.62M | $143.05M | $84.91M | $58.45M | $32.16M |
| Operating income | $589.32M | $427.17M | $200.48M | $113.65M | $124.82M | $144.21M | $112.20M | $107.32M | $69.36M | $57.52M |
| Interest expense | $1.79M | $1.51M | $1.66M | $4.01M | - | - | - | $1.55M | $1.79M | $3.08M |
| Pre-tax income | $658.75M | $507.30M | $268.00M | $127.37M | $122.04M | $143.90M | $116.22M | $105.74M | $63.63M | $43.83M |
| Income tax | $215.45M | $114.23M | $89.06M | $73.98M | -$15.73M | -$98.41M | $7.90M | $17.60M | $12.83M | $23.35M |
| Net income | $443.30M | $393.08M | $178.94M | $53.38M | $137.76M | $242.32M | $108.32M | $88.14M | $50.80M | $20.48M |
| EPS, basic | $0.91 | $0.80 | $0.37 | $0.11 | $0.29 | $0.52 | $0.24 | $0.21 | $0.13 | -$0.15 |
| EPS, diluted | $0.90 | $0.78 | $0.36 | $0.11 | $0.28 | $0.49 | $0.23 | $0.19 | $0.11 | -$0.15 |
| Diluted shares | 493.6M | 501.9M | 500.2M | 499.9M | 498.5M | 489.9M | 478.1M | 457.9M | 440.6M | 182.8M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $658.17M | $1.37B | $895.13M | $1.03B | $754.15M | $437.35M | $130.88M | $207.23M | $155.95M | $133.40M |
| Short-term investments | $644.88M | $552.03M | $485.16M | $416.08M | $204.63M | $186.69M | $124.11M | - | - | - |
| Receivables | $3.77B | $3.33B | $2.87B | $2.35B | $2.02B | $1.58B | $1.17B | $834.76M | $599.57M | $377.24M |
| Current assets | $5.26B | $5.34B | $4.31B | $3.85B | $3.09B | $2.31B | $1.45B | $1.06B | $765.81M | $516.40M |
| Total assets | $6.15B | $6.11B | $4.89B | $4.38B | $3.58B | $2.75B | $1.73B | $1.12B | $797.16M | $537.60M |
| Current liabilities | $3.27B | $2.87B | $2.51B | $2.03B | $1.80B | $1.47B | $930.37M | $713.99M | $518.53M | $344.14M |
| Total liabilities | $3.67B | $3.16B | $2.72B | $2.27B | $2.05B | $1.74B | $1.12B | $723.30M | $551.58M | $373.22M |
| Shareholders' equity | $2.48B | $2.95B | $2.16B | $2.12B | $1.53B | $1.01B | $612.52M | $394.57M | $245.58M | $164.38M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $992.72M | $739.46M | $598.32M | $548.73M | $378.51M | $405.07M | $60.20M | $86.60M | $31.22M | $75.03M |
| Capital expenditures | $197.01M | $98.24M | $46.79M | $84.16M | $54.80M | $74.06M | $35.69M | $19.80M | $10.11M | $6.88M |
| Free cash flow | $795.71M | $641.22M | $551.53M | $464.57M | $323.71M | $331.01M | $24.51M | $66.81M | $21.11M | $68.15M |
| Investing cash flow | -$292.63M | -$157.51M | -$107.59M | -$304.37M | -$93.64M | -$143.27M | -$163.84M | -$25.19M | -$16.06M | -$9.22M |
| Financing cash flow | -$1.41B | -$107.61M | -$626.11M | $31.99M | $31.93M | $44.68M | $27.28M | -$10.13M | $7.39M | $63.54M |
| Share repurchases | $1.38B | $234.78M | $646.60M | $0 | $0 | - | - | - | - | - |
| Stock-based compensation | $490.63M | $494.70M | $491.62M | $498.64M | $337.41M | $111.78M | $80.76M | $42.21M | $21.32M | $5.06M |
| Depreciation and amortization | $115.78M | $87.49M | $80.42M | $54.42M | $42.22M | $28.63M | $21.66M | $11.82M | $7.21M | $3.80M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 18.5% | 25.6% | 23.3% | 31.9% | 43.1% | 26.5% | 38.5% | 54.9% | 51.9% | - |
| Net income growth, YoY | 12.8% | 119.7% | 235.2% | -61.2% | -43.1% | 123.7% | 22.9% | 73.5% | 148.0% | 28.6% |
| EPS growth, YoY | 15.4% | 116.7% | 227.3% | -60.7% | -42.9% | 113.0% | 19.8% | 67.0% | - | - |
| Gross margin | 78.6% | 80.7% | 81.2% | 82.2% | 81.5% | 78.6% | 76.4% | 76.1% | 78.5% | 80.3% |
| Operating margin | 20.3% | 17.5% | 10.3% | 7.2% | 10.4% | 17.2% | 17.0% | 22.5% | 22.5% | 28.3% |
| Net margin | 15.3% | 16.1% | 9.2% | 3.4% | 11.5% | 29.0% | 16.4% | 18.5% | 16.5% | 10.1% |
| Free cash flow margin | 27.5% | 26.2% | 28.3% | 29.4% | 27.1% | 39.6% | 3.7% | 14.0% | 6.9% | 33.6% |
| Return on equity | 17.8% | 13.3% | 8.3% | 2.5% | 9.0% | 23.9% | 17.7% | 22.3% | 20.7% | 12.5% |
| Return on assets | 7.2% | 6.4% | 3.7% | 1.2% | 3.9% | 8.8% | 6.3% | 7.9% | 6.4% | 3.8% |
| Current ratio | 1.61 | 1.86 | 1.72 | 1.90 | 1.71 | 1.57 | 1.56 | 1.48 | 1.48 | 1.50 |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $715.06M | $688.86M | $846.79M | $739.43M | $694.04M | $616.02M | $741.01M | $628.02M | $584.55M | $491.25M | $605.80M | $493.27M |
| Cost of revenue | $184.33M | $181.97M | $163.09M | $162.15M | $150.98M | $142.84M | $135.27M | $122.66M | $110.46M | $103.63M | $100.69M | $93.38M |
| Gross profit | $530.72M | $506.89M | $683.70M | $577.28M | $543.06M | $473.18M | $605.75M | $505.36M | $474.09M | $387.62M | $505.10M | $399.88M |
| Research and development | $140.74M | $142.72M | $130.59M | $127.89M | $134.25M | $132.40M | $127.89M | $117.70M | $110.03M | $107.69M | $102.00M | $117.77M |
| Selling, general and admin | $114.00M | $125.34M | $122.63M | $131.34M | $130.90M | $133.59M | $131.91M | $138.88M | $135.47M | $129.56M | $131.87M | $131.97M |
| Operating income | $101.58M | $66.65M | $256.87M | $161.22M | $116.78M | $54.45M | $195.31M | $108.48M | $94.72M | $28.66M | $144.44M | $37.68M |
| Interest expense | $730.0K | $373.0K | $651.0K | $356.0K | $407.0K | $376.0K | $389.0K | $374.0K | $380.0K | $371.0K | - | - |
| Pre-tax income | $113.09M | $78.96M | $270.27M | $179.52M | $133.20M | $75.77M | $221.60M | $127.18M | $112.49M | $46.03M | $160.68M | $57.00M |
| Income tax | $48.70M | $38.96M | $83.32M | $63.97M | $43.07M | $25.09M | $39.37M | $33.02M | $27.46M | $14.37M | $63.35M | $17.65M |
| Net income | $64.39M | $40.00M | $186.95M | $115.55M | $90.13M | $50.68M | $182.23M | $94.16M | $85.03M | $31.66M | $97.32M | $39.35M |
| EPS, basic | $0.14 | $0.08 | $0.39 | $0.24 | $0.18 | $0.10 | $0.38 | $0.19 | $0.17 | $0.06 | $0.20 | $0.08 |
| EPS, diluted | $0.14 | $0.08 | $0.39 | $0.23 | $0.18 | $0.10 | $0.36 | $0.19 | $0.17 | $0.06 | $0.19 | $0.08 |
| Diluted shares | 469.9M | 476.9M | - | 493.0M | 495.8M | 502.9M | - | 502.6M | 500.0M | 498.2M | - | 501.9M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.12B | $878.38M | $658.17M | $653.13M | $896.39M | $1.12B | $1.37B | $1.22B | $1.01B | $918.20M | $895.13M | $1.07B |
| Short-term investments | $362.35M | $527.54M | $644.88M | $792.31M | $790.87M | $621.83M | $552.03M | $510.29M | $497.17M | $501.36M | $485.16M | $450.12M |
| Receivables | $3.20B | $3.32B | $3.77B | $3.48B | $3.25B | $3.05B | $3.33B | $2.99B | $2.91B | $2.62B | $2.87B | $2.43B |
| Current assets | $4.82B | $4.86B | $5.26B | $5.12B | $5.05B | $4.86B | $5.34B | $4.84B | $4.52B | $4.10B | $4.31B | $4.01B |
| Total assets | $5.76B | $5.73B | $6.15B | $5.94B | $5.96B | $5.71B | $6.11B | $5.51B | $5.16B | $4.66B | $4.89B | $4.52B |
| Current liabilities | $2.79B | $2.89B | $3.27B | $2.99B | $2.95B | $2.68B | $2.87B | $2.62B | $2.52B | $2.28B | $2.51B | $2.15B |
| Total liabilities | $3.19B | $3.28B | $3.67B | $3.34B | $3.26B | $2.99B | $3.16B | $2.88B | $2.75B | $2.50B | $2.72B | $2.36B |
| Shareholders' equity | $2.57B | $2.45B | $2.48B | $2.60B | $2.70B | $2.72B | $2.95B | $2.63B | $2.41B | $2.17B | $2.16B | $2.16B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $153.59M | $391.81M | $311.59M | $224.69M | $165.01M | $291.43M | $199.40M | $273.32M | $81.26M | $185.47M | $91.12M | $191.54M |
| Capital expenditures | $13.22M | $112.74M | $26.32M | $66.34M | $45.24M | $59.11M | $20.19M | $48.71M | $22.11M | $7.22M | $25.20M | $5.04M |
| Free cash flow | $140.37M | $279.06M | $285.27M | $158.35M | $119.77M | $232.32M | $179.21M | $224.62M | $59.14M | $178.25M | $65.92M | $186.50M |
| Investing cash flow | $164.45M | $466.0K | $120.30M | -$66.77M | -$213.57M | -$132.59M | -$61.18M | -$59.20M | -$16.02M | -$21.12M | -$57.05M | $11.34M |
| Financing cash flow | -$73.44M | -$172.07M | -$426.84M | -$401.17M | -$173.60M | -$409.76M | $9.77M | -$2.02M | $25.92M | -$141.28M | -$210.70M | -$96.94M |
| Share repurchases | $77.82M | $163.51M | $422.88M | $310.45M | $260.84M | $386.25M | $57.36M | $52.15M | $0 | $125.28M | $219.91M | $90.19M |
| Stock-based compensation | $109.56M | $109.05M | $112.17M | $121.32M | $128.88M | $128.25M | $129.23M | $128.51M | $126.34M | $110.62M | $121.44M | $139.63M |
| Depreciation and amortization | $30.14M | $31.43M | $31.96M | $33.13M | $26.70M | $23.98M | $24.11M | $20.75M | $20.88M | $21.74M | $20.53M | $20.53M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 3.0% | 11.8% | 14.3% | 17.7% | 18.7% | 25.4% | 22.3% | 27.3% | 25.9% | 28.3% | 23.4% | 24.9% |
| Net income growth, YoY | -28.6% | -21.1% | 2.6% | 22.7% | 6.0% | 60.1% | 87.2% | 139.3% | 158.1% | 239.5% | 36.7% | 148.0% |
| EPS growth, YoY | -22.2% | -20.0% | 8.3% | 21.1% | 5.9% | 66.7% | 89.5% | 137.5% | 142.9% | 200.0% | 26.7% | 166.7% |
| Gross margin | 74.2% | 73.6% | 80.7% | 78.1% | 78.2% | 76.8% | 81.7% | 80.5% | 81.1% | 78.9% | 83.4% | 81.1% |
| Operating margin | 14.2% | 9.7% | 30.3% | 21.8% | 16.8% | 8.8% | 26.4% | 17.3% | 16.2% | 5.8% | 23.8% | 7.6% |
| Net margin | 9.0% | 5.8% | 22.1% | 15.6% | 13.0% | 8.2% | 24.6% | 15.0% | 14.5% | 6.4% | 16.1% | 8.0% |
| Free cash flow margin | 19.6% | 40.5% | 33.7% | 21.4% | 17.3% | 37.7% | 24.2% | 35.8% | 10.1% | 36.3% | 10.9% | 37.8% |
| Current ratio | 1.72 | 1.68 | 1.61 | 1.71 | 1.71 | 1.81 | 1.86 | 1.85 | 1.80 | 1.79 | 1.72 | 1.87 |
Source: XBRL data The Trade Desk Inc. files with the SEC, latest filing dated Aug 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 10-for-1, first reported Aug 9, 2021.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TTD | $2.99B | +11.6% | $406.89M | 13.6% | $7.06B |
| GOOGL | $471.10B | +22.2% | $235.69B | 50.0% | $3.54T |
| GOOG | $471.10B | +22.2% | $235.69B | 50.0% | $3.52T |
| META | $241.61B | +27.5% | $75.25B | 31.1% | $1.64T |
| APP | $7.61B | +57.8% | $5.01B | 65.9% | $135.84B |
| NBIS | $529.80M | +479.0% | $82.50M | 15.6% | $38.45B |
| BIDU | CN¥129.08B | -3.0% | CN¥5.59B | 4.3% | $27.57B |