The 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

12.81 0.42 −3.17%
Market cap
$6.1B
P/E
15.1×
Fwd P/E
32.6×
Dividend yield
—
F-score
7/9
Altman Z
4.07
Beneish M
−2.80
Dividend safety
n/a

The Trade Desk (TTD) Net margin

Alert me on Net margin

The Trade Desk's net margin over the twelve months to 30 June 2026 was 13.6%, down 1.7 percentage points from fiscal 2025 (15.3%). Over the past ten years it has ranged from −13.2% (fiscal 2016) to 29.0% (fiscal 2020); the current reading is higher than 55% of that period. That is above the Advertising Agencies industry median of −2.95% and above the Communication Services sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 15.3% (0.77)
FY2024 16.1% 6.89
FY2023 9.19% 5.81
FY2022 3.38% (8.13)
FY2021 11.5% (17.47)
FY2020 29.0% 12.59
FY2019 16.4% (2.08)
FY2018 18.5% 1.99
FY2017 16.5% 29.65
FY2016 −13.2% (20.87)

Quarterly newest first

Period Net margin Change (points)
Jun 2026 9.01% 3.20
Mar 2026 5.81% (16.27)
Dec 2025 22.1% 6.45
Sep 2025 15.6% 2.64
39 more quarters

Against its own ten years

Low −13.2% High 29.0%
Ten-year median 15.3%
Current reading's percentile 40

Net margin against peers

Company Net margin
ZD Ziff Davis, Inc. compare 48.6%
MGNI Magnite, Inc. compare 23.6%
TTD The Trade Desk 13.6%
DV DoubleVerify Holdings, Inc. compare 8.22%
QNST QuinStreet, Inc. compare 6.28%
WPP WPP PLC compare 4.18%
OMC Omnicom Group Inc. compare 2.85%
STGW Stagwell Inc. compare 0.31%
LFTO Liftoff Mobile, Inc compare —
Advertising Agencies industry median −2.95%
Communication Services sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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