The Trade Desk, Inc. (TTD) income statement
NASDAQ · Communication Services · Advertising Agencies · 3,843 employees · CEO Jeffrey Terry Green
- Price
- $12.29 -5.90%
- Market cap
- $5.81B
- Enterprise value
- $5.12B
- Last report
- Q2 '26 filed 2026-08-06
- Next report
- 2026-11-09 EPS est. $0.04
The Trade Desk, Inc. (TTD) reported revenue of $715M for Q2 '26 (+3.0% year on year), operating income of $102M (14.2% of revenue) and net income of $64.4M. Over the last four quarters revenue was $2.99B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $493M | $606M | $491M | $585M | $628M | $741M | $616M | $694M | $739M | $847M | $689M | $715M | |
| Cost of revenue | $93.4M | $101M | $104M | $110M | $123M | $135M | $143M | $151M | $162M | $163M | $182M | $184M | |
| Gross profit | $400M | $505M | $388M | $474M | $505M | $606M | $473M | $543M | $577M | $684M | $507M | $531M | |
| Research & development | $118M | $102M | $108M | $110M | $118M | $128M | $132M | $134M | $128M | $131M | $143M | $141M | |
| Sales & marketing | $112M | $127M | $122M | $134M | $140M | $151M | $153M | $161M | $157M | $174M | $172M | $174M | |
| General & administrative | $132M | $132M | $130M | $135M | $139M | $132M | $134M | $131M | $131M | $123M | $125M | $114M | |
| Operating expenses | $362M | $361M | $359M | $379M | $397M | $410M | $419M | $426M | $416M | $427M | $440M | $429M | |
| Operating income | $37.7M | $144M | $28.7M | $94.7M | $108M | $195M | $54.5M | $117M | $161M | $257M | $66.6M | $102M | |
| Interest income | $17.6M | $19M | $16.7M | $17.8M | $19.4M | $25M | $20.1M | $18M | $16.8M | $14.1M | $13.7M | $12.2M | |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $356K | $0 | $373K | $730K | |
| Other non-operating income (gains on investments, FX ...) | -$19.3M | -$16.2M | -$17.4M | -$17.8M | -$18.7M | -$26.3M | -$21.3M | -$16.4M | -$18.3M | -$13.4M | -$12.7M | -$12.2M | |
| Total non-operating income | $19.3M | $16.2M | $17.4M | $17.8M | $18.7M | $26.3M | $21.3M | $16.4M | $18.3M | $13.4M | $12.3M | $11.5M | |
| Income before tax | $57M | $161M | $46M | $112M | $127M | $222M | $75.8M | $133M | $180M | $270M | $79M | $113M | |
| Income tax | $17.6M | $63.4M | $14.4M | $27.5M | $33M | $39.4M | $25.1M | $43.1M | $64M | $83.3M | $39M | $48.7M | |
| Net income | $39.4M | $97.3M | $31.7M | $85M | $94.2M | $182M | $50.7M | $90.1M | $116M | $187M | $40M | $64.4M | |
| 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 | |
| Shares (basic, weighted) | 489M | 489M | 489M | 489M | 492M | 494M | 495M | 491M | 493M | 480M | 475M | 468M | |
| Shares (diluted, weighted) | 502M | 500M | 498M | 500M | 503M | 507M | 503M | 496M | 493M | 483M | 477M | 470M | |
| Depreciation & amortization | $20.5M | $20.5M | $21.7M | $20.9M | $20.8M | $24.1M | $24M | $26.7M | $33.1M | $32M | $31.4M | $30.1M | |
| EBITDA | $77.5M | $181M | $67.8M | $133M | $148M | $246M | $99.8M | $160M | $213M | $302M | $111M | $144M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $203M | $308M | $477M | $661M | $836M | $1.2B | $1.58B | $1.95B | $2.44B | $2.9B | |
| Cost of revenue | $39.9M | $66.2M | $114M | $156M | $179M | $222M | $281M | $366M | $472M | $619M | |
| Gross profit | $163M | $242M | $363M | $505M | $657M | $975M | $1.3B | $1.58B | $1.97B | $2.28B | |
| Research & development | $27.3M | $52.8M | $83.9M | $117M | $167M | $226M | $320M | $412M | $463M | $525M | |
| Sales & marketing | $46.1M | $61.4M | $87.1M | $133M | $175M | $249M | $338M | $448M | $547M | $644M | |
| General & administrative | $32.2M | $58.4M | $84.9M | $143M | $172M | $375M | $525M | $520M | $536M | $518M | |
| Other operating expenses | $0 | $0 | $0 | $0 | -$305K | -$2.78M | $0 | $0 | $0 | $0 | |
| Operating expenses | $106M | $173M | $256M | $393M | $513M | $850M | $1.18B | $1.38B | $1.55B | $1.69B | |
| Operating income | $57.5M | $69.4M | $107M | $112M | $144M | $125M | $114M | $200M | $427M | $589M | |
| Interest income | $0 | $93K | $333K | $4.72M | $656K | $0 | $12.8M | $68.5M | $78.8M | $68.7M | |
| Interest expense | $3.08M | $1.79M | $0 | $0 | $0 | $1.03M | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | $10.6M | $0 | $0 | $0 | $0 | $1.75M | -$13.7M | -$67.5M | -$80.1M | -$69.4M | |
| Total non-operating income | -$13.7M | -$5.73M | -$1.59M | $4.02M | -$305K | -$2.78M | $13.7M | $67.5M | $80.1M | $69.4M | |
| Income before tax | $43.8M | $63.6M | $106M | $116M | $144M | $122M | $127M | $268M | $507M | $659M | |
| Income tax | $23.4M | $12.8M | $17.6M | $7.9M | -$98.4M | -$15.7M | $74M | $89.1M | $114M | $215M | |
| Net income | $20.5M | $50.8M | $88.1M | $108M | $242M | $138M | $53.4M | $179M | $393M | $443M | |
| EPS (basic) | $0.05 | $0.13 | $0.19 | $0.24 | $0.52 | $0.29 | $0.11 | $0.37 | $0.80 | $0.92 | |
| EPS (diluted) | $0.05 | $0.12 | $0.19 | $0.23 | $0.49 | $0.28 | $0.11 | $0.36 | $0.78 | $0.91 | |
| Shares (basic, weighted) | 384M | 403M | 458M | 445M | 463M | 477M | 487M | 489M | 491M | 480M | |
| Shares (diluted, weighted) | 406M | 441M | 458M | 478M | 490M | 499M | 500M | 500M | 502M | 483M | |
| Depreciation & amortization | $3.8M | $7.21M | $11.8M | $21.7M | $28.6M | $42.2M | $54.4M | $80.4M | $87.5M | $116M | |
| EBITDA | $50.7M | $76.6M | $119M | $134M | $173M | $165M | $182M | $348M | $595M | $775M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02