# Trade Desk, Inc.: overview

TTD · Nasdaq · CIK 1671933 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ttd.md) · [Financials](/companies/ttd/financials.md) · [Filings](/companies/ttd/filings.md) · [Insiders](/companies/ttd/insiders.md)

Latest reported revenue: [$715.1m](/filings/0001671933-26-000086.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001671933-26-000086).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [628](/filings/0001671933-25-000144.md) | [741 d](/filings/0001671933-26-000014.md) | [616](/filings/0001671933-26-000054.md) | [694](/filings/0001671933-26-000086.md) | [739](/filings/0001671933-25-000144.md) | [847 d](/filings/0001671933-26-000014.md) | [689](/filings/0001671933-26-000054.md) | [715](/filings/0001671933-26-000086.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [17.3%](/filings/0001671933-25-000144.md) | [26.4% d](/filings/0001671933-26-000014.md) | [8.8%](/filings/0001671933-26-000054.md) | [16.8%](/filings/0001671933-26-000086.md) | [21.8%](/filings/0001671933-25-000144.md) | [30.3% d](/filings/0001671933-26-000014.md) | [9.7%](/filings/0001671933-26-000054.md) | [14.2%](/filings/0001671933-26-000086.md) |
| Net margin | % | [15.0%](/filings/0001671933-25-000144.md) | [24.6% d](/filings/0001671933-26-000014.md) | [8.2%](/filings/0001671933-26-000086.md) | [13.0%](/filings/0001671933-26-000086.md) | [15.6%](/filings/0001671933-25-000144.md) | [22.1% d](/filings/0001671933-26-000014.md) | [5.8%](/filings/0001671933-26-000086.md) | [9.0%](/filings/0001671933-26-000086.md) |
| Diluted EPS | $ per share | [0.19](/filings/0001671933-25-000144.md) | not reported | [0.10](/filings/0001671933-26-000054.md) | [0.18](/filings/0001671933-26-000086.md) | [0.23](/filings/0001671933-25-000144.md) | not reported | [0.08](/filings/0001671933-26-000054.md) | [0.14](/filings/0001671933-26-000086.md) |
| Free cash flow | $m | [225 d](/filings/0001671933-25-000144.md) | [179 d](/filings/0001671933-26-000014.md) | [232](/filings/0001671933-26-000054.md) | [120 d](/filings/0001671933-26-000086.md) | [158 d](/filings/0001671933-25-000144.md) | [285 d](/filings/0001671933-26-000014.md) | [279](/filings/0001671933-26-000054.md) | [140 d](/filings/0001671933-26-000086.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,196](/filings/0001671933-24-000014.md) | [1,578](/filings/0001671933-25-000029.md) | [1,946](/filings/0001671933-26-000014.md) | [2,445](/filings/0001671933-26-000014.md) | [2,896](/filings/0001671933-26-000014.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [10.4%](/filings/0001671933-24-000014.md) | [7.2%](/filings/0001671933-25-000029.md) | [10.3%](/filings/0001671933-26-000014.md) | [17.5%](/filings/0001671933-26-000014.md) | [20.3%](/filings/0001671933-26-000014.md) |
| Net margin | % | [11.5%](/filings/0001671933-24-000014.md) | [3.4%](/filings/0001671933-25-000029.md) | [9.2%](/filings/0001671933-26-000014.md) | [16.1%](/filings/0001671933-26-000014.md) | [15.3%](/filings/0001671933-26-000014.md) |
| Diluted EPS | $ per share | [0.28](/filings/0001671933-24-000014.md) | [0.11](/filings/0001671933-25-000029.md) | [0.36](/filings/0001671933-26-000014.md) | [0.78](/filings/0001671933-26-000014.md) | [0.90](/filings/0001671933-26-000014.md) |
| Free cash flow | $m | [324](/filings/0001671933-24-000014.md) | [465](/filings/0001671933-25-000029.md) | [552](/filings/0001671933-26-000014.md) | [641](/filings/0001671933-26-000014.md) | [796](/filings/0001671933-26-000014.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ttd/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $590.6m | 32,668,268 |  | Reduced −4,853,328 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $565.6m | 31,285,823 |  | Reduced −13,647,546 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $504.4m | 27,899,665 |  | Reduced −745,588 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $350.4m | 19,380,271 |  | Reduced −3,062,889 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $308.3m | 17,050,857 |  | Added +2,889,536 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $291.5m | 16,134,883 |  | Added +2,146,155 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $248.8m | 13,759,436 |  | Added +5,380,249 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $243.5m | 13,467,553 |  | Added +4,739,259 |
| [Alyeska Investment Group, L.P.](/funds/1453072.md) | 2026-06-30 | $201.0m | 11,119,709 |  | Added +5,490,854 |
| [FEDERATED HERMES, INC.](/funds/1056288.md) | 2026-06-30 | $196.7m | 10,877,783 |  | Added +3,249,348 |

## Recent filings

[All 1,146 filings](/companies/ttd/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-20 | 09:03 ET | [8-K](/filings/0001671933-26-000108.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results | 0001671933-26-000108 |
| 2026-09-18 | 09:01 ET | [DEF 14A](/filings/0001671933-26-000102.md) | Proxy statement, period 2026-10-19 | 0001671933-26-000102 |
| 2026-09-15 | 18:55 ET | [8-K](/filings/0001671933-26-000099.md) | 5.02 Departure or appointment of officers or directors | 0001671933-26-000099 |
| 2026-09-04 | 06:03 ET | [8-K](/filings/0001193125-26-382690.md) | 2.05 Exit or disposal costs | 0001193125-26-382690 |
| 2026-08-06 | 17:04 ET | [10-Q](/filings/0001671933-26-000086.md) | Quarterly report, period 2026-06-30 | 0001671933-26-000086 |
| 2026-08-06 | 16:09 ET | [8-K](/filings/0001671933-26-000085.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001671933-26-000085 |
| 2026-07-13 | 08:38 ET | [8-K](/filings/0001671933-26-000074.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001671933-26-000074 |
| 2026-06-09 | 16:11 ET | [8-K](/filings/0001671933-26-000068.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001671933-26-000068 |
| 2026-06-01 | 16:35 ET | [8-K](/filings/0001671933-26-000063.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001671933-26-000063 |
| 2026-05-29 | 20:08 ET | [8-K](/filings/0001671933-26-000060.md) | 5.02 Departure or appointment of officers or directors | 0001671933-26-000060 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001671933-26-000014.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/958d480b-55df-46a3-a946-f94c2138761b)

## About the filer

- CIK: 1671933
- Tickers: TTD
- Exchange: Nasdaq
- SIC code: 7370 Services-Computer Programming, Data Processing, Etc.
- State of incorporation: NV
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 14:14 ET. No prices; not investment advice.