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The Trade Desk TTD Operating margin

Operating margin at other companies

Amazon logo
AmazonAMZN
11.5%+0.5pp
Meta Platforms, Inc. logo
Meta Platforms, Inc.META
41.2%-1.7pp
Applovin Corporation logo
Applovin CorporationAPP
77.1%+12.7pp
Adobe logo
AdobeADBE
36.1%-0.3pp
TransUnion logo
TransUnionTRU
17.9%0.0pp
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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Gross margin77.8%-2.3pp
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 operating margin?
The Trade Desk (TTD) reported operating margin of 20.3% in Q1 2026.
How has The Trade Desk's operating margin changed year-over-year?
The Trade Desk's operating margin increased by 14.9% year-over-year, from 17.6% to 20.3%.
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?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.