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Profile & Fundamentals

The Trade Desk Profile & Fundamentals

Name: The Trade Desk financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company creates, manages, and optimizes digital advertising campaigns across ad formats, channels and devices, including CTV and other video, display, audio, and native, on a multitude of devices, such televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. It provides data and other value-added services. It serves advertising agencies, advertisers, and other service providers for agencies or advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.

Company profile record

Trade Desk Inc

Common Stock · Communication Services · Advertising

Official website

Company

Company / asset: Trade Desk Inc
Security type: Common Stock
Sector: Communication Services
Industry: Advertising
HQ: 🇺🇸 United States
Head office: 42 North Chestnut Street, Ventura, CA, United States, 93001

Leadership & scale

Chief executive: Mr. Jeffrey Terry Green
CEO year born: 1977
Full-time employees: 3.8K
Fiscal year end: December
IPO date: 2016-09-21

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 6.5B
P/E: 16.1x
Revenue (Q2 26): USD 715.1M
Profit (Q2 26): USD 64.4M
Dividend Yield: --
Revenue (FY 25): USD 2.9B
Shares in public float: 417.8M
Insider ownership: 2.29%

Reporting & identifiers

Symbol: TTD.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US88339J1051
Asset ID: equity_b6781778-e97a-5d24-afb4-f7465b6a9321

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

State Street Corp44,933,369 shares · 9.56% · Reported 2026-03-31
BlackRock Inc37,521,596 shares · 7.99% · Reported 2026-03-31
Vanguard Capital Management, LLC28,645,253 shares · 6.10% · Reported 2026-03-31
Vanguard Portfolio Management, LLC22,443,160 shares · 4.78% · Reported 2026-03-31
State Street® CommServSelSectSPDR®ETF17,448,774 shares · 3.71% · Reported 2026-08-31
Two Sigma Investments LLC17,050,857 shares · 3.63% · Reported 2026-06-30
Geode Capital Management, LLC13,988,728 shares · 2.98% · Reported 2026-03-31

View more holders (8)

Vanguard MStar Total Stk Mkt Idx Invest13,603,983 shares · 2.90% · Reported 2026-07-31
Vanguard 500 Index Investor11,204,770 shares · 2.38% · Reported 2026-07-31
Federated Hermes Inc10,877,783 shares · 2.31% · Reported 2026-06-30
Vanguard Small Cap Index9,817,274 shares · 2.09% · Reported 2026-07-31
Invesco S&P 500® Equal Weight ETF9,796,622 shares · 2.08% · Reported 2026-08-31
Jericho Capital Asset Management LP9,395,296 shares · 2.00% · Reported 2026-06-30
Morgan Stanley - Brokerage Accounts8,767,560 shares · 1.87% · Reported 2026-03-31
The Goldman Sachs Group Inc8,728,294 shares · 1.86% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

While the company's headline revenue growth has slowed down from its historical highs due to a temporary pullback in global advertising budgets, its underlying cash generation remains incredibly strong. The business continues to generate massive amounts of free cash flow, which is a key indicator of its financial health. Analysts agree that the company is highly efficient at turning sales into actual cash, but they disagree on how quickly sales growth will bounce back. Some expect a fast recovery as streaming TV ads take off, while others believe high inflation will keep ad budgets tight for longer. Crucially, the company is using its cash to aggressively buy back its own stock, which helps protect the value of each share and supports future earnings growth even if overall sales remain flat for a while.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company maintains exceptionally high profit margins, keeping about eighty cents of every dollar of sales as gross profit. This elite profitability shows that the company has strong pricing power and is not easily hurt by rising costs in the physical economy. While operating margins have compressed slightly due to intentional investments in new technology and slower sales growth, they remain far healthier than the industry average. Analysts agree that the company's software-based model scales beautifully, but they clash on the future path of these margins. Some worry that intense competition from retail giants could force the company to lower its fees, while others believe that advanced AI efficiencies will drive margins even higher. Overall, the company's ability to protect its high profitability during an advertising slowdown highlights its strong competitive position.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	202,926,000	65,810,000	20,482,000	80.35	28.34	10.09	32.43
2017-12-31	308,217,000	18,160,000	50,798,000	78.51	22.5	16.48	5.89
2018-12-31	477,294,000	61,412,000	88,140,000	76.09	22.49	18.47	12.87
2019-12-31	661,058,000	19,601,000	108,318,000	76.37	16.97	16.39	2.97
2020-12-31	836,033,000	324,955,000	242,317,000	78.61	17.25	28.98	38.87
2021-12-31	1,196,467,000	318,540,000	137,762,000	81.48	10.43	11.51	26.62
2022-12-31	1,577,795,000	456,849,000	53,385,000	82.18	7.2	3.38	28.95
2023-12-31	1,946,120,000	543,302,000	178,940,000	81.21	10.3	9.19	27.92
2024-12-31	2,444,831,000	632,394,000	393,076,000	80.69	17.47	16.08	25.87
2025-12-31	2,896,284,000	795,710,000	443,304,000	78.63	20.35	15.31	27.47

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	41.34	Trailing four quarters
2024-12-31	151.55	Trailing four quarters
2023-12-31	200.95	Trailing four quarters
2022-12-31	420.24	Annual net income
2021-12-31	332.81	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	444,640,000
2018-01-01	467,770,000
2019-01-01	480,340,000
2020-01-01	497,540,000
2021-01-01	500,314,000
2022-01-01	500,432,000
2023-01-01	499,682,000
2024-01-01	506,843,000
2025-01-01	482,725,000
2026-01-01	469,948,000

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
- Capital allocation AI review
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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

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