Friday 6 November 2026 Export TTD’s income statement to Excel — free account

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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

The Trade Desk (TTD) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
UNITED STATES	2,477	85.51%
Non-US	420	14.49%
Gross margin		78.63%
Operating margin		20.35%
Pre-tax margin		22.74%

Revenue by region $m

Line	FY2025	FY2024	FY2023
UNITED STATES	2,477 85.51%	2,134 87.27%	1,697 87.19%
Non-US	420 14.49%	311 12.73%	249 12.81%
Revenue	2,896	2,445	1,946

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Customer retention	Q2 FY2026	95.0%	95.0%	—

	Q2 FY2026	Q1 FY2026	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q3 FY2024	Q2 FY2024	Q1 FY2024
Customer retention	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.