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The Trade Desk TTD Price / earnings

Price / earnings at other companies

Amazon logo
AmazonAMZN
28.3×-2.3×
Meta Platforms, Inc. logo
Meta Platforms, Inc.META
20.5×-1.4×
Applovin Corporation logo
Applovin CorporationAPP
33.9×-13.0×
Adobe logo
AdobeADBE
14.5×-11.1×
TransUnion logo
TransUnionTRU
18.9×-25.1×
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/S2.9×-5.6×

Profitability

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Gross margin77.8%-2.3pp
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 the most recent quarter.

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 price / earnings?
The Trade Desk (TTD) reported price / earnings of 25× in Q1 2026.
How has The Trade Desk's price / earnings changed year-over-year?
The Trade Desk's price / earnings decreased by 62.1% year-over-year, from 65.9× to 25×.
What is the long-term trend for The Trade Desk's price / earnings?
Over 5 years (2020 to 2025), The Trade Desk's price / earnings has grown at a -23.6% compound annual growth rate (CAGR), from 158.9× to 41.4×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.