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The Trade Desk TTD Q2 2025 earnings

Reported August 7, 2025 · After market close

Revenue$694.0MBeat by $8.6MDiluted EPS$0.18Beat by $0.00
Revenue estimate$685.5M
EPS estimate$0.18

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$694.0M+18.7%
Gross profit$543.1M+14.5%
Operating income$116.8M+23.3%
Net income$90.1M+6.0%
EPS (diluted)$0.18+5.9%

Balance sheet

See full
Cash & equivalents$896.4M-11.2%
Total debt$343.5M+30.0%
Total equity$2.7B+12.1%
Total assets$6.0B+15.5%

Cash flow

See full
Operating cash flow$165.0M+103%
CapEx$45.2M+105%
Free cash flow$119.8M+103%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$35.3B-26.0%
Enterprise value$34.75B-26.0%
P/E84.6×-104×
P/S13.2×-8.8×

Profitability

See full
Gross margin79.4%-1.8pp
Operating margin17.7%+3.7pp
Net margin15.6%+3.9pp
FCF margin28.2%+5.7pp

Returns & leverage

See full
Return on equity16.4%+5.0pp
Debt / equity0.1×0.0×
Current ratio1.7×-0.1×

Versus estimates

Revenue

Q1 2026$688.9MBeat by $10.0MQ4 2025$846.8MBeat by $6.2MQ3 2025$739.4MBeat by $20.4M
Q2 2025$694.0MBeat by $8.6M
Q1 2025$616.0MBeat by $40.7MQ4 2024$741.0MMiss by $17.9M

Diluted EPS

Q1 2026$0.08Miss by $0.04Q4 2025$0.39Beat by $0.05Q3 2025$0.45Beat by $0.25
Q2 2025$0.18Beat by $0.00
Q1 2025$0.10Miss by $0.04Q4 2024$0.59Beat by $0.02

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Questions, answered.

When did The Trade Desk report Q2 2025 earnings?
The Trade Desk (TTD) reported Q2 2025 earnings on August 7, 2025 after market close.
What were The Trade Desk's Q2 2025 revenue and EPS?
The Trade Desk reported revenue of $694.0M and diluted EPS of $0.18 for Q2 2025.
Did The Trade Desk beat estimates in Q2 2025?
Revenue beat the consensus estimate of $685.5M by $8.6M. EPS beat the consensus estimate of $0.18 by $0.00.
How did The Trade Desk's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.7% from $584.6M a year earlier and diluted EPS declined 53.8% from $0.39.
Where can I find The Trade Desk's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001671933-25-000125) directly on SEC EDGAR. The filing index links above go to sec.gov.