The Trade Desk (TTD)
Self-service platform for buying and optimizing digital advertising across the open internet.
$13.23
After hours+0.05 (+0.42%)
At close$13.18(−5.08%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 493 | 606 | 491 | 585 | 628 | 741 | 616 | 694 | 739 | 847 | 689 | 715 |
| Cost of revenue | 93 | 101 | 104 | 110 | 123 | 135 | 143 | 151 | 162 | 163 | 182 | 0 |
| Gross profit | 400 | 505 | 388 | 474 | 505 | 606 | 473 | 543 | 577 | 684 | 507 | 715 |
| 362 | 361 | 359 | 379 | 397 | 410 | 419 | 426 | 416 | 427 | 440 | 613 | |
| Research & development | 118 | 102 | 108 | 110 | 118 | 128 | 132 | 134 | 128 | 131 | 143 | 141 |
| 244 | 259 | 251 | 269 | 279 | 283 | 286 | 292 | 288 | 296 | 298 | 288 | |
| Selling & marketing | 112 | 127 | 122 | 134 | 140 | 151 | 153 | 161 | 157 | 174 | 172 | 174 |
| General & administrative | 132 | 132 | 130 | 135 | 139 | 132 | 134 | 131 | 131 | 123 | 125 | 114 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 184 |
| Operating income | 38 | 144 | 29 | 95 | 108 | 195 | 54 | 117 | 161 | 257 | 67 | 102 |
| 19 | 16 | 17 | 18 | 19 | 26 | 21 | 16 | 18 | 13 | 12 | 12 | |
| Interest income | 18 | 19 | 17 | 18 | 19 | 25 | 20 | 18 | 17 | 14 | 14 | 0 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 |
| Other non-operating income | 0 | −16 | −17 | −18 | −19 | −26 | −21 | −16 | −18 | −13 | −13 | −12 |
| Income before tax | 57 | 161 | 46 | 112 | 127 | 222 | 76 | 133 | 180 | 270 | 79 | 113 |
| Income tax expense | 18 | 63 | 14 | 27 | 33 | 39 | 25 | 43 | 64 | 83 | 39 | 49 |
| Net income from continuing operations | 39 | 97 | 32 | 85 | 94 | 182 | 51 | 90 | 116 | 187 | 40 | 64 |
| Net income | 39 | 97 | 32 | 85 | 94 | 182 | 51 | 90 | 116 | 187 | 40 | 64 |
| EPS, basic | $0.08 | $0.20 | $0.06 | $0.17 | $0.19 | $0.37 | $0.10 | $0.18 | $0.23 | $0.39 | $0.08 | $0.14 |
| EPS, diluted | $0.08 | $0.19 | $0.06 | $0.17 | $0.19 | $0.36 | $0.10 | $0.18 | $0.23 | $0.40 | $0.08 | $0.14 |
| Weighted average shares, basic | 489 | 489 | 489 | 489 | 492 | 494 | 495 | 491 | 493 | 480 | 475 | 468 |
| Weighted average shares, diluted | 502 | 500 | 498 | 500 | 503 | 507 | 503 | 496 | 493 | 483 | 477 | 470 |
| EBITDA | 58 | 181 | 68 | 133 | 148 | 246 | 100 | 160 | 213 | 302 | 111 | 175 |
| Depreciation & amortization | 21 | 21 | 22 | 21 | 21 | 24 | 24 | 27 | 33 | 32 | 31 | 62 |
| EBIT | 38 | 161 | 46 | 112 | 127 | 222 | 76 | 133 | 180 | 270 | 79 | 113 |