Trade Desk, Inc.
TTD Information Technology · Software & IT ServicesEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▼−76 over range · as of 2026-06-30
Revenue +3.0% YoY, earnings -28.6% YoY · sector avg 82
▲+7 over range · as of 2026-06-30
9.0% net margin, 16% return on equity, 29% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 52
▼−16 over range · as of 2026-06-30
9x interest coverage, 1.7x current ratio · sector avg 78
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $3.0B +0.7% Gross margin 76.9% −1.0pp Operating margin 19.6% −0.7pp Net margin 13.6% −1.0pp Net income $406.9M −5.9% CHARTEDFilings
Full history 31 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 31 filings
10-K FY 2024 2025-02-21 Pro → 10-Q Q3 2024 2024-11-07 Pro → 10-Q Q2 2024 2024-08-08 Pro → 10-Q Q1 2024 2024-05-10 Pro → 10-K FY 2023 2024-02-15 Pro → 10-Q Q3 2023 2023-11-09 Pro → 10-Q Q2 2023 2023-08-09 Pro → 10-Q Q1 2023 2023-05-10 Pro → 10-K FY 2022 2023-02-15 Pro → 10-Q Q3 2022 2022-11-09 Pro → 10-Q Q2 2022 2022-08-09 Pro → 10-Q Q1 2022 2022-05-10 Pro → 10-K FY 2021 2022-02-16 Pro → 10-Q Q3 2021 2021-11-08 Pro → 10-Q Q2 2021 2021-08-09 Pro → 10-Q Q1 2021 2021-05-10 Pro → 10-K FY 2020 2021-02-19 Pro → 10-Q Q3 2020 2020-11-06 Pro → 10-Q Q2 2020 2020-08-07 Pro → 10-Q Q1 2020 2020-05-08 Pro → 10-K FY 2019 2020-02-28 Pro → 10-Q Q3 2019 2019-11-08 Pro → 10-K FY 2018 2019-02-22 Pro → 10-K FY 2017 2018-02-28 Pro → 10-K FY 2016 2017-02-16 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| TTM 18-12 | 2018-12-31 | not reported |
| TTM 19-03 | 2019-03-31 | not reported |
| TTM 19-06 | 2019-06-30 | not reported |
| TTM 19-09 | 2019-09-30 | not reported |
| TTM 19-12 | 2019-12-31 | $661.1M |
| TTM 20-03 | 2020-03-31 | $700.7M |
| TTM 20-06 | 2020-06-30 | $680.2M |
| TTM 20-09 | 2020-09-30 | $732.1M |
| TTM 20-12 | 2020-12-31 | $836.0M |
| TTM 21-03 | 2021-03-31 | $895.2M |
| TTM 21-06 | 2021-06-30 | $1.0B |
| TTM 21-09 | 2021-09-30 | $1.1B |
| TTM 21-12 | 2021-12-31 | $1.2B |
| TTM 22-03 | 2022-03-31 | $1.3B |
| TTM 22-06 | 2022-06-30 | $1.4B |
| TTM 22-09 | 2022-09-30 | $1.5B |
| TTM 22-12 | 2022-12-31 | $1.6B |
| TTM 23-03 | 2023-03-31 | $1.6B |
| TTM 23-06 | 2023-06-30 | $1.7B |
| TTM 23-09 | 2023-09-30 | $1.8B |
| TTM 23-12 | 2023-12-31 | $1.9B |
| TTM 24-03 | 2024-03-31 | $2.1B |
| TTM 24-06 | 2024-06-30 | $2.2B |
| TTM 24-09 | 2024-09-30 | $2.3B |
| TTM 24-12 | 2024-12-31 | $2.4B |
| TTM 25-03 | 2025-03-31 | $2.6B |
| TTM 25-06 | 2025-06-30 | $2.7B |
| TTM 25-09 | 2025-09-30 | $2.8B |
| TTM 25-12 | 2025-12-31 | $2.9B |
| TTM 26-03 | 2026-03-31 | $3.0B |
| TTM 26-06 | 2026-06-30 | $3.0B |
| Period | Period end | Net income |
|---|---|---|
| TTM 18-12 | 2018-12-31 | $88.1M |
| TTM 19-03 | 2019-03-31 | $89.2M |
| TTM 19-06 | 2019-06-30 | $97.7M |
| TTM 19-09 | 2019-09-30 | $96.8M |
| TTM 19-12 | 2019-12-31 | $108.3M |
| TTM 20-03 | 2020-03-31 | $122.2M |
| TTM 20-06 | 2020-06-30 | $119.5M |
| TTM 20-09 | 2020-09-30 | $141.4M |
| TTM 20-12 | 2020-12-31 | $242.3M |
| TTM 21-03 | 2021-03-31 | $240.9M |
| TTM 21-06 | 2021-06-30 | $263.5M |
| TTM 21-09 | 2021-09-30 | $281.6M |
| TTM 21-12 | 2021-12-31 | $137.8M |
| TTM 22-03 | 2022-03-31 | $100.5M |
| TTM 22-06 | 2022-06-30 | $33.8M |
| TTM 22-09 | 2022-09-30 | -$9.8M |
| TTM 22-12 | 2022-12-31 | $53.4M |
| TTM 23-03 | 2023-03-31 | $77.3M |
| TTM 23-06 | 2023-06-30 | $129.3M |
| TTM 23-09 | 2023-09-30 | $152.8M |
| TTM 23-12 | 2023-12-31 | $178.9M |
| TTM 24-03 | 2024-03-31 | $201.3M |
| TTM 24-06 | 2024-06-30 | $253.4M |
| TTM 24-09 | 2024-09-30 | $308.2M |
| TTM 24-12 | 2024-12-31 | $393.1M |
| TTM 25-03 | 2025-03-31 | $412.1M |
| TTM 25-06 | 2025-06-30 | $417.2M |
| TTM 25-09 | 2025-09-30 | $438.6M |
| TTM 25-12 | 2025-12-31 | $443.3M |
| TTM 26-03 | 2026-03-31 | $432.6M |
| TTM 26-06 | 2026-06-30 | $406.9M |
| Period | Period end | Operating income |
|---|---|---|
| TTM 18-12 | 2018-12-31 | not reported |
| TTM 19-03 | 2019-03-31 | not reported |
| TTM 19-06 | 2019-06-30 | not reported |
| TTM 19-09 | 2019-09-30 | not reported |
| TTM 19-12 | 2019-12-31 | $112.2M |
| TTM 20-03 | 2020-03-31 | $117.3M |
| TTM 20-06 | 2020-06-30 | $69.6M |
| TTM 20-09 | 2020-09-30 | $90.4M |
| TTM 20-12 | 2020-12-31 | $144.2M |
| TTM 21-03 | 2021-03-31 | $141.2M |
| TTM 21-06 | 2021-06-30 | $218.9M |
| TTM 21-09 | 2021-09-30 | $256.6M |
| TTM 21-12 | 2021-12-31 | $124.8M |
| TTM 22-03 | 2022-03-31 | $100.0M |
| TTM 22-06 | 2022-06-30 | $39.8M |
| TTM 22-09 | 2022-09-30 | -$11.9M |
| TTM 22-12 | 2022-12-31 | $113.7M |
| TTM 23-03 | 2023-03-31 | $107.4M |
| TTM 23-06 | 2023-06-30 | $147.3M |
| TTM 23-09 | 2023-09-30 | $156.2M |
| TTM 23-12 | 2023-12-31 | $200.5M |
| TTM 24-03 | 2024-03-31 | $252.4M |
| TTM 24-06 | 2024-06-30 | $305.5M |
| TTM 24-09 | 2024-09-30 | $376.3M |
| TTM 24-12 | 2024-12-31 | $427.2M |
| TTM 25-03 | 2025-03-31 | $453.0M |
| TTM 25-06 | 2025-06-30 | $475.0M |
| TTM 25-09 | 2025-09-30 | $527.8M |
| TTM 25-12 | 2025-12-31 | $589.3M |
| TTM 26-03 | 2026-03-31 | $601.5M |
| TTM 26-06 | 2026-06-30 | $586.3M |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 18-12 | 2018-12-31 | not scored | not scored | not scored |
| TTM 19-03 | 2019-03-31 | not scored | not scored | not scored |
| TTM 19-06 | 2019-06-30 | not scored | not scored | not scored |
| TTM 19-09 | 2019-09-30 | not scored | not scored | not scored |
| TTM 19-12 | 2019-12-31 | not scored | not scored | not scored |
| TTM 20-03 | 2020-03-31 | not scored | not scored | not scored |
| TTM 20-06 | 2020-06-30 | not scored | not scored | not scored |
| TTM 20-09 | 2020-09-30 | not scored | not scored | not scored |
| TTM 20-12 | 2020-12-31 | not scored | not scored | not scored |
| TTM 21-03 | 2021-03-31 | not scored | not scored | not scored |
| TTM 21-06 | 2021-06-30 | not scored | not scored | not scored |
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 86 | 39 | 65 |
| TTM 23-12 | 2023-12-31 | 75 | 40 | 63 |
| TTM 24-03 | 2024-03-31 | 89 | 35 | 38 |
| TTM 24-06 | 2024-06-30 | 91 | 48 | 48 |
| TTM 24-09 | 2024-09-30 | 88 | 48 | 46 |
| TTM 24-12 | 2024-12-31 | 82 | 58 | 81 |
| TTM 25-03 | 2025-03-31 | 85 | 49 | 39 |
| TTM 25-06 | 2025-06-30 | 52 | 54 | 44 |
| TTM 25-09 | 2025-09-30 | 62 | 53 | 54 |
| TTM 25-12 | 2025-12-31 | 38 | 60 | 77 |
| TTM 26-03 | 2026-03-31 | 23 | 46 | 38 |
| TTM 26-06 | 2026-06-30 | 9 | 46 | 48 |