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The Trade Desk, Inc. logo

The Trade Desk, Inc.

TTD

NASDAQCommunication ServicesAdvertising Agencies

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Latest quote

$13.17

−$0.14 · -1.05%

Aug 21, 3:59 PM ET

TTD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

88

Deep Value

Momentum

23

Weakening

Sentiment

65

Bullish

Risk resilience

36

High Risk

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Company profile

Company website

The Trade Desk, Inc. is a global technology company that provides a self-service, cloud-based platform. This platform enables advertising buyers to efficiently create, manage, and optimize data-driven digital ad campaigns across diverse formats and channels, including display, video, audio, native, and social media, reaching audiences on computers, mobile devices, and connected TVs. In addition to the platform, the company offers various data and value-added services. Their primary clients are advertising agencies and other service providers who represent advertisers. The Trade Desk was founded in 2009 and is headquartered in Ventura, California.

Industry
Advertising Agencies
Sector
Communication Services
Headquarters
US
CEO
Jeffrey Terry Green
Listed since
Sep 21, 2016
Employees
3,843

Market position

Volume
13.19M
0.61× average
Average volume
21.49M
Average daily volume
Market cap
6.2B USD
Beta
1.04
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
18B USD
P/E (TTM)
15.69×
P/B (TTM)
2.4×
P/S (TTM)
2.07×
EV / EBITDA
23.24×
Earnings yield
2.43%
Free cash flow yield
4.37%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
83.04%
Operating margin
19.61%
Net margin
13.61%
Return on equity
17.84%
Return on assets
7.20%
Return on invested capital
13.38%

Financial health

Debt / equity
0.17×
Current ratio
1.61×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends90%59%27%-4%Gross margin, FY2021: 81.48%Gross margin, FY2022: 82.18%Gross margin, FY2023: 81.21%Gross margin, FY2024: 80.69%Gross margin, FY2025: 78.63%Operating margin, FY2021: 10.43%Operating margin, FY2022: 7.20%Operating margin, FY2023: 10.30%Operating margin, FY2024: 17.47%Operating margin, FY2025: 20.35%Net margin, FY2021: 11.51%Net margin, FY2022: 3.38%Net margin, FY2023: 9.19%Net margin, FY2024: 16.08%Net margin, FY2025: 15.31%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 81.48%. Gross margin FY2022 82.18%. Gross margin FY2023 81.21%. Gross margin FY2024 80.69%. Gross margin FY2025 78.63%. Operating margin FY2021 10.43%. Operating margin FY2022 7.20%. Operating margin FY2023 10.30%. Operating margin FY2024 17.47%. Operating margin FY2025 20.35%. Net margin FY2021 11.51%. Net margin FY2022 3.38%. Net margin FY2023 9.19%. Net margin FY2024 16.08%. Net margin FY2025 15.31%.

Income trends

Revenue

2.9B USD+18.47%

Operating income

589.32M USD+37.96%

Net income

443.3M USD+12.78%
Income trends across reported periods3.18B USD2.04B USD906.25M USD−230.9M USDRevenue, FY2021: 1.2B USDRevenue, FY2022: 1.58B USDRevenue, FY2023: 1.95B USDRevenue, FY2024: 2.44B USDRevenue, FY2025: 2.9B USDOperating income, FY2021: 124.82M USDOperating income, FY2022: 113.65M USDOperating income, FY2023: 200.48M USDOperating income, FY2024: 427.17M USDOperating income, FY2025: 589.32M USDNet income, FY2021: 137.76M USDNet income, FY2022: 53.39M USDNet income, FY2023: 178.94M USDNet income, FY2024: 393.08M USDNet income, FY2025: 443.3M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.2B USD. Revenue FY2022 1.58B USD. Revenue FY2023 1.95B USD. Revenue FY2024 2.44B USD. Revenue FY2025 2.9B USD. Operating income FY2021 124.82M USD. Operating income FY2022 113.65M USD. Operating income FY2023 200.48M USD. Operating income FY2024 427.17M USD. Operating income FY2025 589.32M USD. Net income FY2021 137.76M USD. Net income FY2022 53.39M USD. Net income FY2023 178.94M USD. Net income FY2024 393.08M USD. Net income FY2025 443.3M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.9B USD2.44B USD1.95B USD1.58B USD1.2B USD
Cost of goods sold619.07M USD472.01M USD365.6M USD281.12M USD221.55M USD
Gross profit2.28B USD1.97B USD1.58B USD1.3B USD974.91M USD
Research and development525.14M USD463.32M USD411.79M USD319.88M USD226.14M USD
Selling, general, and administrative1.16B USD1.08B USD968.25M USD863.14M USD623.96M USD
Operating expenses1.69B USD1.55B USD1.38B USD1.18B USD850.1M USD
Interest income68.72M USD78.84M USD68.51M USD12.76M USD—
Interest expense————1.03M USD
Depreciation and amortization115.78M USD87.49M USD80.42M USD54.43M USD42.22M USD
Operating income589.32M USD427.17M USD200.48M USD113.65M USD124.82M USD
Net income443.3M USD393.08M USD178.94M USD53.39M USD137.76M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.91
FY2025 · +16.67% year over year
Latest fiscal-year revenue
2.9B USD
FY2025 · +18.47% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.990.670.350.03FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend3.07B2.39B1.71B1.03BFY21FY22FY23FY24FY25

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ETFs holding TTD

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
245.42M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
State Street Communication Services Select Sector SPDR ETF logoState Street Communication Services Select Sector SPDR ETFXLC
Market value
232.82M
Weight
1.04%
AUM
22.3B USD
Expense ratio
0.08%
Price / 1D
$111.4+0.65%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
202.13M
Weight
0.01%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
177.1M
Weight
0.10%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Invesco S&P 500 Equal Weight ETF logoInvesco S&P 500 Equal Weight ETFRSP
Market value
128.95M
Weight
0.13%
AUM
100.27B USD
Expense ratio
0.20%
Price / 1D
$221.67+0.63%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
102.57M
Weight
0.23%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
76.66M
Weight
0.01%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
70.73M
Weight
0.01%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%

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