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The Trade Desk TTD Gross margin

Gross margin at other companies

Amazon logo
AmazonAMZN
50.6%+1.4pp
Meta Platforms, Inc. logo
Meta Platforms, Inc.META
81.9%+0.2pp
Applovin Corporation logo
Applovin CorporationAPP
88.4%+3.2pp
Adobe logo
AdobeADBE
89.4%+0.2pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$8.7B-60.2%
Enterprise value$8.25B-60.8%
P/E20.1×-33.0×
P/S2.9×-5.6×

Profitability

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Operating margin20.3%+2.6pp
Net margin14.6%-1.5pp
FCF margin28.4%+1.3pp

Returns & leverage

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

Where this comes from

Calculated from The Trade Desk’s reported figures.

Based on trailing twelve months.

The official record: The Trade Desk’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Trade Desk's gross margin?
The Trade Desk (TTD) reported gross margin of 77.8% in Q1 2026.
How has The Trade Desk's gross margin changed year-over-year?
The Trade Desk's gross margin decreased by 2.8% year-over-year, from 80.1% to 77.8%.
What is the long-term trend for The Trade Desk's gross margin?
Over 5 years (2020 to 2025), The Trade Desk's gross margin has grown at a 0.0% compound annual growth rate (CAGR), from 78.6% to 78.6%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.