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 |
|---|---|---|---|---|---|
| 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 |