The Trade Desk revenue and financials
$12.03Change from previous close: +0.92%Absolute change: +$0.11
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 993 | 739 | 598 | 549 | 379 |
| Depreciation and amortization | 101 | 71.5 | 66.4 | 47.4 | 37.2 |
| Capital expenditure | -197 | -98.2 | -46.8 | -84.2 | -54.8 |
| Investing cash flow | -293 | -158 | -108 | -304 | -93.6 |
| Financing cash flow | -1,411 | -108 | -626 | 32.0 | 31.9 |
| Share repurchases | -1,478 | -374 | -725 | -48.6 | -56.9 |
| Debt issued | — | — | — | 0.0 | 0.0 |
| Debt repaid | — | — | — | 0.0 | 0.0 |
| Net change in cash | -711 | 474 | -135 | 276 | 317 |
| Free cash flow | 796 | 641 | 552 | 465 | 324 |
| Levered free cash flow | 602 | 614 | 585 | 483 | 271 |