The Trade Desk, Inc. (TTD)

NASDAQ: TTD · Real-Time Price · USD

17.67

-1.29 (-6.80%)

At close: Aug 6, 2026, 4:00 PM EDT

13.38

-4.29 (-24.29%)

After-hours: Aug 6, 2026, 7:59 PM EDT

The Trade Desk Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,990	2,896	2,445	1,946	1,578	1,196
Revenue Growth	11.61%	18.47%	25.63%	23.34%	31.87%	43.11%
Gross Profit	2,299	2,277	1,973	1,581	1,297	974.91
Operating Income	586.32	589.32	427.17	200.48	113.65	124.82
Net Income	406.89	443.3	393.08	178.94	53.39	137.76
Earnings Per Share	0.84	0.90	0.78	0.36	0.11	0.28
EPS Growth	1.21%	15.38%	116.67%	227.27%	-60.71%	-42.86%

Revenue by Segment

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
United States	2,477	2,134	1,697
International	419.6	311.33	249.21
Revenue (Total)	2,896	2,445	1,946

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,485	1,303	1,921	1,380	1,447	958.78
Total Debt	434.11	436.33	312.22	235.89	260.96	284.6
Net Cash (Debt)	1,051	866.73	1,609	1,144	1,186	674.18
Net Cash Growth	-21.77%	-46.14%	40.62%	-3.48%	75.86%	103.31%
Net Cash Per Share	2.19	1.76	3.21	2.29	2.37	1.35

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	1,082	992.72	739.46	598.32	548.73	378.51
Capital Expenditures	-218.63	-197.01	-98.24	-46.79	-84.16	-54.8
Free Cash Flow	863.05	795.71	641.22	551.53	464.57	323.71
Free Cash Flow Growth	14.17%	24.09%	16.26%	18.72%	43.52%	-2.21%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	76.87%	78.63%	80.69%	81.21%	82.18%	81.48%
Operating Margin	19.61%	20.35%	17.47%	10.30%	7.20%	10.43%
Pretax Margin	21.47%	22.74%	20.75%	13.77%	8.07%	10.20%
Profit Margin	13.61%	15.31%	16.08%	9.19%	3.38%	11.51%
FCF Margin	28.86%	27.47%	26.23%	28.34%	29.44%	27.06%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	20.79	42.18	150.68	199.89	407.55	327.29
Forward PE	8.73	19.29	64.45	55.52	43.86	113.05
P/FCF Ratio	9.62	22.70	90.93	63.79	47.33	136.86
PS Ratio	2.78	6.24	23.85	18.08	13.94	37.03