The Trade Desk, Inc. (TTD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 688.86M | 846.79M | 739.43M | 694.04M | 616.02M | 741.01M | 628.02M | 584.55M | 491.25M | 605.8M | 493.27M | 464.25M | 382.8M | 490.74M | 394.77M | 376.96M | 315.32M | 395.6M | 301.09M | 279.97M |
| Revenue Growth % | 11.82% | 14.27% | 17.74% | 18.73% | 25.4% | 22.32% | 27.32% | 25.91% | 28.33% | 23.45% | 24.95% | 23.16% | 21.4% | 24.05% | 31.11% | 34.65% | 43.45% | 23.66% | 39.32% | 100.9% |
| Cost of Goods Sold | 181.97M | 163.09M | 162.15M | 150.98M | 142.84M | 135.27M | 122.66M | 110.46M | 103.63M | 100.69M | 93.38M | 81.69M | 84.87M | 79.62M | 70.12M | 67.49M | 63.89M | 66.84M | 53.4M | 50.81M |
| COGS % of Revenue | 26.42% | 19.26% | 21.93% | 21.75% | 23.19% | 18.25% | 19.53% | 18.9% | 21.09% | 16.62% | 18.93% | 17.6% | 22.17% | 16.22% | 17.76% | 17.9% | 20.26% | 16.9% | 17.74% | 18.15% |
| Gross Profit | 506.89M | 683.7M | 577.28M | 543.06M | 473.18M | 605.75M | 505.36M | 474.09M | 387.62M | 505.1M | 399.88M | 382.57M | 297.94M | 411.12M | 324.65M | 309.47M | 251.43M | 328.75M | 247.69M | 229.16M |
| Gross Margin % | 73.58% | 80.74% | 78.07% | 78.25% | 76.81% | 81.75% | 80.47% | 81.1% | 78.91% | 83.38% | 81.07% | 82.4% | 77.83% | 83.78% | 82.24% | 82.1% | 79.74% | 83.1% | 82.26% | 81.85% |
| Gross Profit Growth % | 7.12% | 12.87% | 14.23% | 14.55% | 22.07% | 19.93% | 26.38% | 23.92% | 30.1% | 22.86% | 23.17% | 23.62% | 18.5% | 25.05% | 31.07% | 35.05% | 48.5% | 22.55% | 44.61% | 135.71% |
| Operating Expenses | 440.24M | 426.82M | 416.06M | 426.28M | 418.73M | 410.44M | 396.88M | 379.37M | 358.97M | 360.66M | 362.21M | 340.89M | 321.24M | 310.96M | 295.85M | 307.73M | 268.49M | 354.11M | 167.25M | 167.21M |
| OpEx % of Revenue | 63.91% | 50.4% | 56.27% | 61.42% | 67.97% | 55.39% | 63.2% | 64.9% | 73.07% | 59.54% | 73.43% | 73.43% | 83.92% | 63.37% | 74.94% | 81.63% | 85.15% | 89.51% | 55.55% | 59.72% |
| Selling, General & Admin | 297.52M | 296.23M | 288.17M | 292.03M | 286.33M | 282.54M | 279.17M | 269.34M | 251.28M | 258.66M | 244.44M | 242.59M | 227.53M | 226.48M | 215.93M | 224.25M | 196.49M | 291.28M | 111.4M | 113.67M |
| SG&A % of Revenue | 43.19% | 34.98% | 38.97% | 42.08% | 46.48% | 38.13% | 44.45% | 46.08% | 51.15% | 42.7% | 49.55% | 52.25% | 59.44% | 46.15% | 54.7% | 59.49% | 62.31% | 73.63% | 37% | 40.6% |
| Research & Development | 142.72M | 130.59M | 127.89M | 134.25M | 132.4M | 127.89M | 117.7M | 110.03M | 107.69M | 102M | 117.77M | 98.31M | 93.71M | 84.48M | 79.92M | 83.48M | 72M | 62.84M | 55.85M | 53.54M |
| R&D % of Revenue | 20.72% | 15.42% | 17.3% | 19.34% | 21.49% | 17.26% | 18.74% | 18.82% | 21.92% | 16.84% | 23.88% | 21.18% | 24.48% | 17.21% | 20.24% | 22.15% | 22.83% | 15.88% | 18.55% | 19.12% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -281K | -1000K | 0 | 0 |
| Operating Income | 66.65M | 256.87M | 161.22M | 116.78M | 54.45M | 195.31M | 108.48M | 94.72M | 28.66M | 144.44M | 37.68M | 41.67M | -23.31M | 100.16M | 28.8M | 1.74M | -17.05M | -25.36M | 80.45M | 61.95M |
| Operating Margin % | 9.68% | 30.33% | 21.8% | 16.83% | 8.84% | 26.36% | 17.27% | 16.2% | 5.83% | 23.84% | 7.64% | 8.98% | -6.09% | 20.41% | 7.3% | 0.46% | -5.41% | -6.41% | 26.72% | 22.13% |
| Operating Income Growth % | 22.4% | 31.52% | 48.62% | 23.29% | 90.01% | 35.22% | 187.92% | 127.29% | 222.95% | 44.21% | 30.8% | 2290.88% | -36.68% | 494.94% | -64.19% | -97.19% | -319.08% | -123.83% | 88.04% | 492.77% |
| EBITDA | 66.65M | 288.83M | 194.35M | 143.48M | 78.44M | 219.42M | 129.24M | 115.6M | 50.4M | 164.97M | 58.21M | 61.74M | -4.01M | 117M | 41.76M | 14.02M | -4.7M | -13.11M | 89.4M | 72.95M |
| EBITDA Margin % | 9.68% | 34.11% | 26.28% | 20.67% | 12.73% | 29.61% | 20.58% | 19.78% | 10.26% | 27.23% | 11.8% | 13.3% | -1.05% | 23.84% | 10.58% | 3.72% | -1.49% | -3.31% | 29.69% | 26.06% |
| EBITDA Growth % | -15.03% | 31.63% | 50.39% | 24.12% | 55.63% | 33.01% | 122.03% | 87.24% | 1355.27% | 40.99% | 39.38% | 340.46% | 14.63% | 992.41% | -53.29% | -80.79% | -126.43% | -111.47% | 77.73% | 911.59% |
| D&A (Non-Cash Add-back) | 0 | 31.96M | 33.13M | 26.7M | 23.98M | 24.11M | 20.75M | 20.88M | 21.74M | 20.53M | 20.53M | 20.07M | 19.29M | 16.84M | 12.96M | 12.27M | 12.35M | 12.25M | 8.95M | 11.01M |
| EBIT | 66.65M | 270.27M | 179.52M | 116.78M | 54.45M | 195.31M | 108.48M | 94.72M | 28.66M | 144.44M | 37.68M | 41.67M | -23.31M | 100.16M | 28.8M | 1.74M | -17.05M | -25.36M | 80.45M | 61.95M |
| Net Interest Income | 0 | 0 | 16.49M | 18.04M | 20.13M | 24.96M | 19.41M | 17.82M | 16.66M | 18.95M | 17.63M | 17.51M | 14.42M | 11.43M | 1.74M | 656K | -1.08M | -474K | -317K | -194K |
| Interest Income | 0 | 0 | 16.85M | 18.04M | 20.13M | 24.96M | 19.41M | 17.82M | 16.66M | 18.95M | 17.63M | 17.51M | 14.42M | 11.43M | 1.74M | 656K | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 356K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.08M | 474K | 317K | 194K |
| Other Income/Expense | 12.31M | 13.39M | 18.3M | 16.42M | 21.32M | 26.29M | 18.7M | 17.77M | 17.38M | 16.24M | 19.32M | 18.25M | 13.7M | 11.96M | 1.7M | 339K | -281K | -1.22M | -1.47M | -398K |
| Pretax Income | 78.96M | 270.27M | 179.52M | 133.2M | 75.77M | 221.6M | 127.18M | 112.49M | 46.03M | 160.68M | 57M | 59.93M | -9.61M | 112.12M | 30.5M | 2.08M | -17.33M | -26.58M | 78.98M | 61.55M |
| Pretax Margin % | 11.46% | 31.92% | 24.28% | 19.19% | 12.3% | 29.9% | 20.25% | 19.24% | 9.37% | 26.52% | 11.56% | 12.91% | -2.51% | 22.85% | 7.73% | 0.55% | -5.5% | -6.72% | 26.23% | 21.98% |
| Income Tax | 38.96M | 83.32M | 63.97M | 43.07M | 25.09M | 39.37M | 33.02M | 27.46M | 14.37M | 63.35M | 17.65M | 26.99M | -18.93M | 40.93M | 14.63M | 21.16M | -2.74M | -34.62M | 19.59M | 13.85M |
| Effective Tax Rate % | 49.34% | 30.83% | 35.64% | 32.34% | 33.12% | 17.77% | 25.96% | 24.41% | 31.22% | 39.43% | 30.96% | 45.03% | 197.06% | 36.51% | 47.97% | 1016.09% | 15.78% | 130.24% | 24.81% | 22.51% |
| Net Income | 40M | 186.95M | 115.55M | 90.13M | 50.68M | 182.23M | 94.16M | 85.03M | 31.66M | 97.32M | 39.35M | 32.94M | 9.33M | 71.19M | 15.87M | -19.07M | -14.6M | 8.04M | 59.38M | 47.7M |
| Net Margin % | 5.81% | 22.08% | 15.63% | 12.99% | 8.23% | 24.59% | 14.99% | 14.55% | 6.44% | 16.07% | 7.98% | 7.09% | 2.44% | 14.51% | 4.02% | -5.06% | -4.63% | 2.03% | 19.72% | 17.04% |
| Net Income Growth % | -21.08% | 2.59% | 22.72% | 6% | 60.07% | 87.24% | 139.27% | 158.14% | 239.48% | 36.71% | 147.98% | 272.7% | 163.89% | 785.52% | -73.28% | -139.99% | -164.47% | -94.71% | 43.97% | 89.94% |
| Net Income (Continuing) | 40M | 186.95M | 115.55M | 90.13M | 50.68M | 182.23M | 94.16M | 85.03M | 31.66M | 97.32M | 39.35M | 32.94M | 9.33M | 71.19M | 15.87M | -19.07M | -14.6M | 8.04M | 59.38M | 47.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.08 | 0.40 | 0.23 | 0.18 | 0.10 | 0.36 | 0.19 | 0.17 | 0.06 | 0.19 | 0.08 | 0.07 | 0.02 | 0.14 | 0.03 | -0.04 | -0.03 | 0.02 | 0.12 | 0.10 |
| EPS Growth % | -20% | 11.11% | 21.05% | 5.88% | 57.48% | 89.47% | 142.35% | 157.58% | 239.57% | 35.71% | 147.32% | 268.37% | 162.13% | 600% | -73.58% | -139.2% | -160.2% | -93.55% | 50% | 100% |
| EPS (Basic) | 0.08 | 0.39 | 0.24 | 0.18 | 0.10 | 0.37 | 0.19 | 0.17 | 0.06 | 0.20 | 0.08 | 0.07 | 0.02 | 0.15 | 0.03 | -0.04 | -0.03 | 0.02 | 0.12 | 0.10 |
| Diluted Shares Outstanding | 476.88M | 482.73M | 492.98M | 495.78M | 502.94M | 506.84M | 502.56M | 500.04M | 498.19M | 499.68M | 501.88M | 499.35M | 499.8M | 500.43M | 500.3M | 486.31M | 484.19M | 500.31M | 498.91M | 496.99M |
| Basic Shares Outstanding | 474.66M | 479.99M | 502.38M | 490.63M | 494.93M | 493.96M | 491.61M | 489.35M | 488.55M | 489.45M | 489.45M | 488.43M | 489.71M | 489.22M | 487.96M | 476.82M | 484.19M | 480.87M | 478.1M | 475.51M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |