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The Trade Desk

(NASDAQ) TTD

Current Price$25.07
Market Cap$11.93B
Since IPO (2016)+733%
5 Year-64%
1 Year-56%
1 Month-3%

The Trade Desk Financials at a Glance

Market Cap

$11.93B

Revenue (TTM)

$2.90B

Net Income (TTM)

$443.30M

EPS (TTM)

$0.90

P/E Ratio

27.73

Dividend

$0.00

Beta (Volatility)

2.01 (High)

Price

$25.07

Volume

1,511,511

Open

$27.19

Previous Close

$25.07

Daily Range

$24.83 - $28.63

52-Week Range

$21.08 - $91.45

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About The Trade Desk

The Trade Desk helps companies buy digital ads across websites, apps, and streaming TV. Its platform lets advertisers target audiences and measure results. Agencies use it to manage campaigns efficiently and reach people on many devices.

Products and Services

  • Demand-Side Platform (DSP): Self-service tool for planning and buying digital ads; serves agencies and advertisers (substantially all revenue).
  • Koa AI: Artificial intelligence feature that helps optimize ad campaigns and budgets.
  • Audience Unlimited: AI-driven tool for buying data and simplifying campaign setup.
  • OpenPath and PubDesk: Tools for direct access to publishers and inventory transparency.
  • Unified ID 2.0 (UID2): Open-source identity solution for privacy-compliant ad targeting.

Growth and Expansion

  • Expanded into Europe and Asia-Pacific, including the U.K. Germany, France, China, Japan, India, and Australia (2018–2025).
  • Launched Koa AI and Audience Unlimited to boost automation and campaign performance (2022–2025).
  • Introduced OpenPath, PubDesk, and OpenSincera for supply chain transparency (2023–2025).
  • Enhanced identity solutions with Unified ID 2.0 and EUID for privacy compliance (2023–2025).
  • Repurchased $1.4 billion in shares in 2025; $500 million authorized for future buybacks in 2026.

What Makes The Trade Desk Stand Out

The Trade Desk operates globally, connecting advertisers to digital ad space across devices. Its independent, buy-side-only model avoids conflicts of interest. The company invests in AI and transparency tools to help clients manage campaigns and data securely.

Five Things You Need to Know

  • Revenue was $2.90 billion in 2025, up 18% from 2024.
  • Net income reached $443.3 million in 2025, up 13% year-over-year.
  • International sales were $419.6 million in 2025, 14.5% of total revenue.
  • Operating cash flow was $993 million in 2025, up 34% from 2024.
  • Customer retention rate has stayed above 95% for over ten years.

Bottom Line

The Trade Desk has grown by expanding globally and investing in AI-driven tools. Its focus on transparency and independence supports long-term relationships with advertisers and agencies.

AI Generated • Feb 27, 2026

Industry

Media

Employees

3,843

CEO

Jeff Green

Headquarters

Ventura, CA 93001, US

TTD Financials

Key Financial Metrics (TTM)

Gross Margin

79%

Operating Margin

20%

Net Income Margin

15%

Return on Equity

16%

Return on Capital

20%

Return on Assets

7%

Earnings Yield

3.61%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$11.93B

Shares Outstanding

475.98M

Volume

1.51M

Short Interest

0.00%

Avg. Volume

17.17M

Financials (TTM)

Gross Profit

$2.28B

Operating Income

$589.32M

EBITDA

$774.54M

Operating Cash Flow

$992.72M

Capital Expenditure

$197.01M

Free Cash Flow

$795.71M

Cash & ST Invst.

$1.30B

Total Debt

$436.33M

The Trade Desk Performance Analysis

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2025YOY CHG

Revenue

$846.79M

+14.3%

Gross Profit

$683.70M

+12.9%

Gross Margin

80.74%

N/A

Market Cap

$11.93B

N/A

Market Cap/Employee

$3.39M

N/A

Employees

3,522

N/A

Net Income

$186.95M

+2.6%

EBITDA

$302.23M

+37.7%

Quarterly Fundamentals

Name
Q4 2025YOY CHG

Net Cash

$866.73M

-46.1%

Accounts Receivable

$3.95B

+18.5%

Inventory

$0.00

N/A

Long Term Debt

$359.98M

+45.3%

Short Term Debt

$76.36M

+18.4%

Return on Assets

7.20%

N/A

Return on Invested Capital

20.41%

N/A

Free Cash Flow

$276.87M

+56.3%

Operating Cash Flow

$311.59M

+56.3%

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Questions About TTD

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