Skip to content
The Trade Desk logo

The Trade Desk

TTD

The Trade Desk operates a leading cloud-based platform that enables ad buyers to manage and optimize data-driven digital advertising campaigns.

Market cap
$8.96B-75.5%
Revenue$3.0B+15.6%
Net income$432.6M+5.0%
Free cash flow$842.5M+21.2%
EPS (diluted)$0.87+6.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$752.6M
EPS estimate$0.41

Financials

Q1 2026

Income statement

See full
Revenue$688.9M+11.8%
Gross profit$506.9M+7.1%
Operating income$66.6M+22.4%
Net income$40.0M-21.1%
EPS (diluted)$0.08-20.0%

Balance sheet

See full
Cash & equivalents$878.4M-21.5%
Total debt$423.6M+26.5%
Total equity$2.5B-9.7%
Total assets$5.7B+0.5%

Cash flow

See full
Operating cash flow$391.8M+34.4%
CapEx$112.7M+90.7%
Free cash flow$279.1M+20.1%

Valuation & ratios

Valuation

See full
Market cap$8.96B-75.5%
Enterprise value$8.51B-76.4%
P/E20.7×-66.9×
P/S-10.6×

Profitability

See full
Gross margin77.8%-2.3pp
Operating margin20.3%+2.6pp
Net margin14.6%-1.5pp
FCF margin28.4%+1.3pp

Returns & leverage

See full
Return on equity16.7%-0.1pp
Debt / equity0.2×0.0×
Current ratio1.7×-0.1×

Competitors

Profile

The Trade Desk operates a leading cloud-based platform that enables ad buyers to manage and optimize data-driven digital advertising campaigns. The company provides a self-service interface and enterprise APIs that allow clients to purchase and optimize advertising across various formats, including video, display, and audio, with a significant focus on the growing Connected TV (CTV) market.

Competitive position

A dominant independent demand-side platform (DSP) positioned as a neutral alternative to 'walled garden' ecosystems.

GeographiesGlobal, North America, Europe, Asia-Pacific
Customer segmentsAdvertising Agencies, Global Brands, Media Buying Groups
Business modelUsage-based SaaS, Marketplace, B2B
SuppliersCloud Infrastructure Providers, Data Providers, Inventory Supply Partners (SSPs), Content Publishers
CustomersGlobal Advertising Agencies, In-house Brand Marketing Teams, Marketing Technology Resellers
Listed2016
Employees3.1K
CEOJeffrey Terry Green
FilingsSEC EDGAR

Questions, answered.

What is The Trade Desk's market cap?
The Trade Desk (TTD) has a market capitalization of $9.0B and trades on NASDAQ.
What is The Trade Desk's revenue and profitability?
The Trade Desk generated $3.0B in trailing twelve-month revenue with net income of $432.6M, representing a net margin of 14.6%. Gross margin stands at 77.8%, with free cash flow of $842.5M. These figures are based on the Q1 2026 filing.
Who are The Trade Desk's competitors?
The Trade Desk's key competitors include Google, Meta Platforms, Amazon, and others. These companies compete in similar markets and product categories.
Who does The Trade Desk partner with?
The Trade Desk's notable partners include Disney, Amazon, Walmart.
Where is The Trade Desk headquartered?
The Trade Desk is headquartered in United States of America and employs approximately 3,115 people. It has been publicly traded since 2016.