The Trade Desk revenue and financials

TTD · NASDAQ · USD

$11.87−0.46%−$0.05

Close · October 7, 2026

In the fiscal year ended December 2025, The Trade Desk reported revenue of $2.9B (+18.47% year over year). Net income was $443.3M, a net margin of 15.3%.

Annual revenue · 2025: $2.9B

$1.2B2021
$1.58B2022
$1.95B2023
$2.44B2024
$2.9B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +18.47%; 2025 vs 2024
Net income growth: +12.78%; 2025 vs 2024
Net margin: 15.3%; 2024: 16.1%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021
Total revenue	2,896	2,445	1,946	1,578	1,196
Cost of revenue	619	472	366	281	222
Gross profit	2,277	1,973	1,581	1,297	975
Selling, general and administrative	1,163	1,082	968	863	624
Research and development	525	463	412	320	226
Operating income	589	427	200	114	125
EBIT	589	427	200	114	125
EBITDA	690	499	267	161	162
Interest expense	1.8	1.5	1.7	4.0	1.0
Pre-tax income	659	507	268	127	122
Income tax	215	114	89.1	74.0	-15.7
Net income	443	393	179	53.4	138
Net income to common shareholders	443	393	179	53.4	138
Basic EPS	0.91	0.80	0.37	0.11	0.29
Diluted EPS	0.90	0.78	0.36	0.11	0.28
Average shares (basic)	488	491	489	487	477
Average shares (diluted)	494	502	500	500	499