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MARKETS / NASDAQ / TTD
NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · LARGE CAP

Trade Desk, Inc. TTD

12 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.9B
▲ 18.5% YoY
$443.3M
▲ 12.8% YoY
$795.7M
▲ 24.1% YoY
In brief

What this company does

The Trade Desk, Inc. operates a platform that enables ad buyers to create, manage and optimize digital advertising campaigns across ad formats, channels and devices. It generates revenue by charging its clients a platform fee generally based on a percentage of its clients' total platform spend and from providing value-added services and data to support their advertising campaigns. Its clients are advertising agencies, advertisers and other service providers for agencies or advertisers, with whom it enters into ongoing master services agreements. It obtains digital advertising inventory from over 430 directly integrated ad exchanges, publishers and supply-side platforms, providing it with access to programmatic advertising inventory across televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. As of December 31, 2025, it had integrated its platform with more than 370 third-party data vendors whose products are available for purchase through its platform. If all of its individual client contractual relationships were aggregated at the holding company level, two holding companies would have each represented more than 10% of its gross billings in 2025 and one holding company would have represented more than 10% of its gross billings in 2024. As of December 31, 2025, it had 3,843 full-time employees in 21 countries.

Written from the business description in Trade Desk, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.9B
Revenue, FY2025 · full 12-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.9 · Net income 0.4
1B2B2014201620182020202220242025
Compound annual growth
+22.4%
+28.2%
+38.2%
+102.5%
+12.8%
+39.5%
+101.5%
+12.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +28.2% a year over five years — but profit grew slower: net income at +12.8%, earnings per share at +12.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
15 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.3% · Net 15.3%
10%20%30%2014201620182020202220242025
ROE
FY2025 · ROE 16.3%
100%200%300%2014201620182020202220242025

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders
USD 1.4B
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 795.7
400M2014201620182020202220242025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 1.4
0.5B1.0B20212022202320242025

USD 1.4B in buybacks — 306% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 6.2B
EquityUSD 2.5B
CashUSD 658.2M
Current ratio1.61×

Equity funds 40% of total assets.

The 12-year record
12 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014
Revenue $B2.92.41.91.61.20.80.70.50.30.20.10.0
Operating income $B0.60.40.20.10.10.10.10.10.10.10.00.0
EBITDA $B0.70.50.30.20.20.20.10.10.10.10.00.0
Income tax $B0.20.10.10.1−0.0−0.10.00.00.00.00.0−0.0
Net income $B0.40.40.20.10.10.20.10.10.10.00.00.0
Free cash flow $B0.80.60.60.50.30.30.00.10.00.1−0.0−0.0
EPS, diluted $0.900.780.360.110.280.490.231.921.15−1.460.39·
Dividend / sh $············
Payout %············
ROE %16.315.48.42.910.829.821.527.524.822.9397.7·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 45 reconciliationsAUDITED

Reconciled in 12 of 19 fiscal years. 38 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
Data on record since2014

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