stockrowThe Trade Desk
TTD Communication Services Advertising Agencies
The Trade Desk’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 18.5% from fiscal 2024.
- Revenue
- +3.03%
- EPS
- −22.2%
- Free cash flow
- +29.8%
Quarter to June 2026, against a year earlier
Follow TTD
Alert me
The Trade Desk (TTD) Gross margin
The Trade Desk's gross margin over the twelve months to 30 June 2026 was 76.9%, down 1.8 percentage points from fiscal 2025 (78.6%). Over the past ten years it has ranged from 76.1% (fiscal 2018) to 82.2% (fiscal 2022); the current reading is higher than 45% of that period. That is above the Advertising Agencies industry median of 44.7% and above the Communication Services sector median of 51.3%.
Gross margin, annual
Embed this chart
Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 78.6% | (2.06) |
| FY2024 | 80.7% | (0.52) |
| FY2023 | 81.2% | (0.97) |
| FY2022 | 82.2% | 0.70 |
| FY2021 | 81.5% | 2.87 |
| FY2020 | 78.6% | 2.24 |
| FY2019 | 76.4% | 0.28 |
| FY2018 | 76.1% | (2.42) |
| FY2017 | 78.5% | (1.84) |
| FY2016 | 80.4% | 0.53 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 74.2% | 0.64 |
| Mar 2026 | 73.6% | (7.16) |
| Dec 2025 | 80.7% | 2.67 |
| Sep 2025 | 78.1% | (0.18) |
| 39 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ZD Ziff Davis, Inc. compare | 92.3% |
| DV DoubleVerify Holdings, Inc. compare | 82.2% |
| TTD The Trade Desk | 76.9% |
| MGNI Magnite, Inc. compare | 66.6% |
| STGW Stagwell Inc. compare | 36.0% |
| WPP WPP PLC compare | 17.2% |
| OMC Omnicom Group Inc. compare | 12.6% |
| QNST QuinStreet, Inc. compare | 11.3% |
| LFTO Liftoff Mobile, Inc compare | — |
| Advertising Agencies industry median | 44.7% |
| Communication Services sector median | 51.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on TTD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement