Trade Desk, Inc. (TTD)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-30
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016
Total Revenue846,791,000$739,433,000$694,039,000$616,021,000$741,012,000$628,016,000$584,550,000$491,253,000$605,797,000$493,266,000$464,254,000$382,803,000$490,737,000$394,773,000$376,962,000$315,323,000$395,598,000$301,091,000$279,967,000$219,811,000$319,905,000$216,113,000$139,355,000$160,660,000$215,944,000$164,203,000$159,924,000$120,987,000$160,468,000$118,825,000$112,333,000$85,668,000$102,648,000$79,413,000$72,804,000$53,352,000$72,410,000$52,956,000$47,182,000$30,378,000$42,658,000$28,768,000$
QoQ%14.52%6.54%12.67%(16.87%)17.99%7.44%18.99%(18.91%)22.81%6.25%21.28%(21.99%)24.31%4.73%19.55%(20.29%)31.39%7.55%27.37%(31.29%)48.03%55.08%(13.26%)(25.60%)31.51%2.68%32.18%(24.60%)35.05%5.78%31.13%(16.54%)29.26%9.08%36.46%(26.32%)36.74%12.24%55.32%(28.79%)48.28%
YoY%14.28%17.74%18.73%25.40%22.32%27.32%25.91%28.33%23.45%24.95%23.16%21.40%24.05%31.11%34.65%43.45%23.66%39.32%100.90%36.82%48.14%31.61%(12.86%)32.79%34.57%38.19%42.37%41.23%56.33%49.63%54.30%60.57%41.76%49.96%54.31%75.63%69.75%84.08%
Cost Of Revenue163,094,000$162,154,000$150,980,000$142,839,000$135,267,000$122,656,000$110,459,000$103,630,000$100,695,000$93,382,000$86,654,000$84,867,000$79,619,000$70,124,000$67,490,000$63,890,000$66,845,000$53,400,000$50,809,000$50,500,000$51,645,000$44,826,000$42,133,000$40,208,000$47,267,000$39,932,000$35,330,000$33,651,000$35,256,000$29,344,000$26,601,000$22,897,000$21,133,000$17,397,000$15,151,000$12,549,000$13,259,000$10,422,000$8,682,000$7,513,000$7,357,000$5,968,000$
Gross Profit683,697,000$577,279,000$543,059,000$473,182,000$605,745,000$505,360,000$474,091,000$387,623,000$505,102,000$399,884,000$377,600,000$297,936,000$411,118,000$324,649,000$309,472,000$251,433,000$328,753,000$247,691,000$229,158,000$169,311,000$268,260,000$171,287,000$97,222,000$120,452,000$168,677,000$124,271,000$124,594,000$87,336,000$125,212,000$89,481,000$85,732,000$62,771,000$81,515,000$62,016,000$57,653,000$40,803,000$59,151,000$42,534,000$38,500,000$22,865,000$35,301,000$22,800,000$
Gross Margin80.74%78.07%78.25%76.81%81.75%80.47%81.10%78.91%83.38%81.07%81.34%77.83%83.78%82.24%82.10%79.74%83.10%82.26%81.85%77.03%83.86%79.26%69.77%74.97%78.11%75.68%77.91%72.19%78.03%75.31%76.32%73.27%79.41%78.09%79.19%76.48%81.69%80.32%81.60%75.27%82.75%79.26%
Operating Expenses426,824,000$416,060,000$426,282,000$418,730,000$410,436,000$396,879,000$379,371,000$358,966,000$360,664,000$362,207,000$335,927,000$321,244,000$310,958,000$295,845,000$307,729,000$268,486,000$354,114,000$167,245,000$167,210,000$161,527,000$161,828,000$128,505,000$112,994,000$109,686,000$116,027,000$102,344,000$92,645,000$81,666,000$76,244,000$67,218,000$59,570,000$52,841,000$52,197,000$43,608,000$37,959,000$38,867,000$35,114,000$27,483,000$23,466,000$19,469,000$17,316,000$13,608,000$
Operating Income256,873,000$161,219,000$116,777,000$54,452,000$195,309,000$108,481,000$94,720,000$28,657,000$144,438,000$37,677,000$41,673,000$(23,308,000$)100,160,000$28,804,000$1,743,000$(17,053,000$)(25,361,000$)80,446,000$61,948,000$7,784,000$106,432,000$42,782,000$(15,772,000$)10,766,000$52,650,000$21,927,000$31,949,000$5,670,000$48,968,000$22,263,000$26,162,000$9,930,000$29,318,000$18,408,000$19,694,000$1,936,000$24,037,000$15,051,000$15,034,000$3,396,000$17,985,000$9,192,000$
Operating Margin30.34%21.80%16.83%8.84%26.36%17.27%16.20%5.83%23.84%7.64%8.98%(6.09%)20.41%7.30%.46%(5.41%)(6.41%)26.72%22.13%3.54%33.27%19.80%(11.32%)6.70%24.38%13.35%19.98%4.69%30.52%18.74%23.29%11.59%28.56%23.18%27.05%3.63%33.20%28.42%31.86%11.18%42.16%31.95%
Interest Income14,060,000$16,490,000$18,035,000$20,132,000$24,956,000$19,408,000$17,817,000$16,661,000$
Interest Expenses0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1,076,000$474,000$317,000$194,000$45,000$84,000$235,000$0$0$0$0$0$0$0$0$0$156,000$501,000$513,000$413,000$364,000$411,000$1,347,000$482,000$835,000$425,000$295,000$
Income Before Tax270,266,000$179,519,000$133,201,000$75,769,000$221,599,000$127,178,000$112,492,000$46,033,000$160,676,000$57,000,000$59,927,000$(9,608,000$)112,120,000$30,502,000$2,082,000$(17,334,000$)(26,582,000$)78,976,000$61,550,000$8,092,000$106,961,000$42,559,000$(15,966,000$)10,349,000$53,695,000$23,819,000$33,369,000$5,337,000$49,304,000$22,105,000$25,098,000$9,230,000$28,036,000$16,054,000$18,391,000$1,144,000$22,964,000$8,964,000$13,774,000$(1,868,000$)12,672,000$7,816,000$
Tax Expenses83,316,000$63,972,000$43,072,000$25,091,000$39,370,000$33,020,000$27,463,000$14,373,000$63,353,000$17,648,000$26,988,000$(18,934,000$)40,933,000$14,633,000$21,155,000$(2,736,000$)(34,621,000$)19,592,000$13,853,000$(14,550,000$)(44,941,000$)1,312,000$(41,077,000$)(13,708,000$)2,750,000$4,397,000$5,569,000$(4,814,000$)9,869,000$1,813,000$5,755,000$160,000$11,225,000$5,825,000$(458,000$)(3,765,000$)12,684,000$5,320,000$6,176,000$(828,000$)7,022,000$3,211,000$
Net Income186,950,000$115,547,000$90,129,000$50,678,000$182,229,000$94,158,000$85,029,000$31,660,000$97,323,000$39,352,000$32,939,000$9,326,000$71,187,000$15,869,000$(19,073,000$)(14,598,000$)8,039,000$59,384,000$47,697,000$22,642,000$151,902,000$41,247,000$25,111,000$24,057,000$50,945,000$19,422,000$27,800,000$10,151,000$39,435,000$20,292,000$19,343,000$9,070,000$16,811,000$10,229,000$18,849,000$4,909,000$10,280,000$3,644,000$7,598,000$(1,040,000$)5,650,000$4,605,000$
Profit Margin22.08%15.63%12.99%8.23%24.59%14.99%14.55%6.45%16.07%7.98%7.10%2.44%14.51%4.02%(5.06%)(4.63%)2.03%19.72%17.04%10.30%47.48%19.09%18.02%14.97%23.59%11.83%17.38%8.39%24.58%17.08%17.22%10.59%16.38%12.88%25.89%9.20%14.20%6.88%16.10%(3.42%)13.25%16.01%
TTM15.31%15.72%15.57%16.04%16.08%13.34%11.65%9.80%9.20%8.35%7.46%4.70%3.38%(.66%)2.43%7.78%11.51%25.13%25.44%26.91%28.98%19.31%17.57%17.44%16.39%15.99%17.44%17.41%18.47%15.62%14.59%16.14%16.48%15.93%14.98%11.70%10.09%9.15%11.29%
Earnings to Minority(7,878,000$)2,672,000$5,206,000$47,209,000$3,808,000$3,152,000$
Earnings to Common Shareholders186,950,000$115,547,000$90,129,000$50,678,000$182,229,000$94,158,000$85,029,000$31,660,000$97,323,000$39,352,000$32,939,000$9,326,000$71,187,000$15,869,000$(19,073,000$)(14,598,000$)8,039,000$59,384,000$47,697,000$22,642,000$151,902,000$41,247,000$25,111,000$24,057,000$50,945,000$19,422,000$27,800,000$10,151,000$39,435,000$20,292,000$19,343,000$9,070,000$16,811,000$10,229,000$18,849,000$4,909,000$10,280,000$972,000$2,392,000$(48,249,000$)1,842,000$1,453,000$
QoQ%61.80%28.20%77.85%(72.19%)93.54%10.74%168.57%(67.47%)147.31%19.47%253.20%(86.90%)348.59%183.20%(30.66%)(281.59%)(86.46%)24.50%110.66%(85.09%)268.27%64.26%4.38%(52.78%)162.31%(30.14%)173.87%(74.26%)94.34%4.91%113.26%(46.05%)64.35%(45.73%)283.97%(52.25%)957.61%(59.37%)104.96%(2,719.38%)26.77%
YoY%2.59%22.72%6.00%60.07%87.24%139.27%158.14%239.48%36.72%147.98%272.70%163.89%785.52%(73.28%)(139.99%)(164.47%)(94.71%)43.97%89.95%(5.88%)198.17%112.37%(9.67%)136.99%29.19%(4.29%)43.72%11.92%134.58%98.38%2.62%84.76%63.53%952.37%688.00%110.17%458.09%(33.10%)
Earnings Per Share, Basic0.39$0.24$0.18$0.10$0.37$0.19$0.17$0.06$0.20$0.08$0.07$0.02$0.15$0.03$(0.04$)(0.03$)0.02$0.12$0.10$0.05$0.17$0.09$0.05$0.53$0.03$0.43$0.63$0.23$0.91$0.47$0.46$0.22$0.41$0.25$0.47$0.13$0.27$0.08$0.22$(4.45$)0.14$
Earnings Per Share, Diluted0.39$0.23$0.18$0.10$0.36$0.19$0.17$0.06$0.19$0.08$0.07$0.02$0.13$0.03$(0.04$)(0.03$)0.02$0.12$0.10$0.05$0.16$0.08$0.05$0.50$0.03$0.40$0.58$0.21$0.84$0.44$0.43$0.20$0.38$0.23$0.43$0.11$0.35$0.06$0.15$(4.45$)0.10$
Unlevered FCF Per Share, Basic0.59$0.32$0.24$0.47$0.36$0.46$0.12$0.36$0.13$0.38$0.25$0.36$0.26$0.23$0.18$0.28$0.32$0.22$0.01$0.13$0.17$0.15$0.17$0.76$(0.03$)1.40$0.52$0.08$0.89$0.52$0.24$0.55$0.43$
Unlevered FCF Per Share, Diluted0.59$0.32$0.24$0.46$0.35$0.45$0.12$0.36$0.13$0.37$0.24$0.36$0.24$0.23$0.18$0.28$0.30$0.21$0.01$0.12$0.16$0.14$0.16$0.71$(0.02$)1.31$0.48$0.08$0.83$0.48$0.22$0.50$0.39$
Average Shares, Basic479,825,000487,729,000490,631,000494,927,000493,998,000491,614,000489,353,000488,551,000489,454,000489,447,000488,431,000489,712,000489,285,000487,963,000486,310,000484,190,000480,975,000478,101,000475,512,000472,816,000878,784,000465,819,000461,356,00045,501,0001,648,235,00044,771,00044,404,00043,906,00043,244,00042,721,00042,174,00041,629,00041,135,00040,700,00040,046,00039,167,00038,750,00012,629,00010,893,00010,848,00010,228,000
Average Shares, Diluted482,500,000492,984,000495,776,000502,944,000506,901,000502,563,000500,040,000498,192,000499,704,000501,880,000499,349,000499,795,000528,900,000500,300,000486,310,000484,190,000500,345,000498,912,000496,987,000497,916,000932,467,000492,207,000486,537,00048,313,0001,769,065,00048,037,00047,828,00047,314,00046,811,00046,576,00045,242,00044,543,00044,478,00044,245,00043,944,00043,557,00029,673,00017,064,00015,535,00010,848,00014,231,000
EBIT270,266,000$179,519,000$133,201,000$75,769,000$221,599,000$127,178,000$112,492,000$46,033,000$160,676,000$57,000,000$59,927,000$(9,608,000$)112,120,000$30,502,000$2,082,000$(16,258,000$)(26,108,000$)79,293,000$61,744,000$8,137,000$107,045,000$42,794,000$(15,966,000$)10,349,000$53,695,000$23,819,000$33,369,000$5,337,000$49,304,000$22,105,000$25,098,000$9,386,000$28,537,000$16,567,000$18,804,000$1,508,000$23,375,000$10,311,000$14,256,000$(1,033,000$)13,097,000$8,111,000$
EBITDA302,226,000$212,654,000$159,905,000$99,754,000$245,711,000$147,932,000$133,374,000$67,775,000$181,205,000$77,530,000$79,993,000$9,685,000$128,964,000$43,459,000$14,356,000$(3,908,000$)(13,858,000$)88,245,000$72,750,000$18,148,000$114,900,000$50,311,000$(9,183,000$)16,826,000$60,111,000$29,788,000$38,190,000$9,793,000$53,019,000$25,382,000$27,677,000$11,637,000$30,589,000$18,535,000$20,500,000$3,001,000$24,561,000$10,311,000$15,090,000$(214,000$)13,802,000$8,111,000$