The Trade Desk revenue and financials
$12.04Change from previous close: +1.01%Absolute change: +$0.12
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 154 | 392 | 312 | 225 | 165 | 291 | 199 | 273 | 81.3 | 185 | 91.1 | 192 |
| Depreciation and amortization | 30.1 | 31.4 | 17.0 | 33.1 | 26.7 | 24.0 | 8.1 | 20.8 | 20.9 | 21.7 | 6.5 | 20.5 |
| Capital expenditure | -13.2 | -113 | -26.3 | -66.3 | -45.2 | -59.1 | -20.2 | -48.7 | -22.1 | -7.2 | -25.2 | -5.0 |
| Investing cash flow | 164 | 0.5 | 120 | -66.8 | -214 | -133 | -61.2 | -59.2 | -16.0 | -21.1 | -57.1 | 11.3 |
| Financing cash flow | -73.4 | -172 | -427 | -401 | -174 | -410 | 9.8 | -2.0 | 25.9 | -141 | -211 | -96.9 |
| Share repurchases | -88.0 | -174 | -441 | -333 | -286 | -418 | -98.7 | -91.5 | -31.6 | -152 | -243 | -115 |
| Debt issued | — | — | — | -74.2 | 74.2 | — | — | — | — | — | — | — |
| Net change in cash | 245 | 220 | 5.0 | -243 | -222 | -251 | 148 | 212 | 91.2 | 23.1 | -177 | 106 |
| Free cash flow | 140 | 279 | 285 | 158 | 120 | 232 | 179 | 225 | 59.1 | 178 | 65.9 | 187 |
| Levered free cash flow | 210 | 192 | 259 | -78.0 | 196 | 224 | 201 | 171 | 72.8 | 168 | 128 | 178 |