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The Trade Desk TTD Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$739.4MBeat by $20.4MDiluted EPS$0.45Beat by $0.25
Revenue estimate$719.0M
EPS estimate$0.20

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$739.4M+17.7%
Gross profit$577.3M+14.2%
Operating income$161.2M+48.6%
Net income$115.5M+22.7%
EPS (diluted)$0.23+21.1%

Balance sheet

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Cash & equivalents$653.1M-46.5%
Total debt$376.0M+28.2%
Total equity$2.6B-1.0%
Total assets$5.9B+7.9%

Cash flow

See full
Operating cash flow$224.7M-17.8%
CapEx$66.3M+36.2%
Free cash flow$158.4M-29.5%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$23.96B-55.3%
Enterprise value$23.69B-55.1%
P/E54.6×-119×
P/S8.6×-14.6×

Profitability

See full
Gross margin78.8%-2.2pp
Operating margin18.9%+2.6pp
Net margin15.7%+2.4pp
FCF margin24.7%+1.9pp

Returns & leverage

See full
Return on equity16.8%+3.9pp
Debt / equity0.1×0.0×
Current ratio1.7×-0.1×

Versus estimates

Revenue

Q1 2026$688.9MBeat by $10.0MQ4 2025$846.8MBeat by $6.2M
Q3 2025$739.4MBeat by $20.4M
Q2 2025$694.0MBeat by $8.6MQ1 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 $0.05
Q3 2025$0.45Beat by $0.25
Q2 2025$0.18Beat by $0.00Q1 2025$0.10Miss by $0.04Q4 2024$0.59Beat by $0.02

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Questions, answered.

When did The Trade Desk report Q3 2025 earnings?
The Trade Desk (TTD) reported Q3 2025 earnings on November 6, 2025 after market close.
What were The Trade Desk's Q3 2025 revenue and EPS?
The Trade Desk reported revenue of $739.4M and diluted EPS of $0.45 for Q3 2025.
Did The Trade Desk beat estimates in Q3 2025?
Revenue beat the consensus estimate of $719.0M by $20.4M. EPS beat the consensus estimate of $0.20 by $0.25.
How did The Trade Desk's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.7% from $628.0M a year earlier and diluted EPS grew 9.8% from $0.41.
Where can I find The Trade Desk's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001671933-25-000143) and the 10-Q periodic report (0001671933-25-000144) directly on SEC EDGAR. The filing index links above go to sec.gov.