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The Trade Desk TTD Operating margin

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12.1%+0.7pp
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-29.4%

Other financials

Income statement

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Revenue$715.1M+3.0%
Gross profit$530.7M-2.3%
Operating income$101.6M-13.0%
Net income$64.4M-28.6%
EPS (diluted)$0.14-22.2%

Balance sheet

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Cash & equivalents$1.1B+25.3%
Total debt$434.1M+26.4%
Total equity$2.6B-4.5%
Total assets$5.8B-3.2%

Cash flow

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Operating cash flow$153.6M-6.9%
CapEx$13.2M-70.8%
Free cash flow$140.4M+17.2%

Valuation

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Market cap$8.91B-79.6%
Enterprise value$8.22B-81.0%
P/E21.9×-83.1×
P/S-13.4×

Profitability

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Gross margin76.9%-2.5pp
Net margin13.6%-2.0pp
FCF margin28.9%+0.6pp

Returns & leverage

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Return on equity15.4%-0.9pp
Debt / equity0.2×0.0×
Current ratio1.7×0.0×

Where this comes from

Calculated from The Trade Desk’s reported figures.

Based on trailing twelve months.

The source filing: The Trade Desk’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 5:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001671933-26-000086

FAQ

What is The Trade Desk's operating margin?
The Trade Desk (TTD) reported operating margin of 19.6% in Q2 2026.
How has The Trade Desk's operating margin changed year-over-year?
The Trade Desk's operating margin increased by 10.6% year-over-year, from 17.7% to 19.6%.
What is the long-term trend for The Trade Desk's operating margin?
Over 4 years (2020 to 2025), The Trade Desk's operating margin has grown at a 4.2% compound annual growth rate (CAGR), from 17.2% to 20.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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