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. In the quarter to June 2026, revenue grew 3.03%, EPS fell 22.2% and free cash flow grew 29.8%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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The Trade Desk (TTD) P/E ratio
As of 16 October 2026, The Trade Desk (TTD) trades at a P/E ratio of 14.4×. Over the past ten years it has ranged from 0.0× (December 2022) to 1,077× (August 2022); the current reading is higher than 8% of that period. That is below the Advertising Agencies industry median of 20.1× and below the Communication Services sector median of 16.7×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 41.7× | (71.96%) |
| FY2024 | 149× | (22.02%) |
| FY2023 | 191× | (52.33%) |
| FY2022 | 400× | 25.77% |
| FY2021 | 318× | 106.57% |
| FY2020 | 154× | 43.48% |
| FY2019 | 107× | 90.48% |
| FY2018 | 56.4× | 53.04% |
| FY2017 | 36.8× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 21.3× | (16.57%) |
| Mar 2026 | 25.5× | (38.88%) |
| Dec 2025 | 41.7× | (24.25%) |
| Sep 2025 | 55.1× | (35.75%) |
| 39 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| ZD Ziff Davis, Inc. compare | 3.2× |
| CRTO Criteo S.A. compare | 7.6× |
| QNST QuinStreet, Inc. compare | 11.4× |
| TTD The Trade Desk | 14.4× |
| MGNI Magnite, Inc. compare | 20.0× |
| WPP WPP PLC compare | 20.3× |
| DV DoubleVerify Holdings, Inc. compare | 37.5× |
| OMC Omnicom Group Inc. compare | 67.7× |
| STGW Stagwell Inc. compare | 128× |
| Advertising Agencies industry median | 20.1× |
| Communication Services sector median | 16.7× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)