TTD

Trade Desk, Inc.

Ticker: TTDTechnologyComputer ServicesS&P 500
HQ VENTURA, CACIK 1671933FY end 12-31Book / share $5.44Shares 473M
Revenue (FY)
$2.90B+18.47%
TTM $2.99B
Op. margin
20.35%+2.88%
TTM 19.61%
Net income
$443.30M+12.78%
TTM $406.89M
Operating cash
$992.72M+34.25%
TTM $1.08B
Free cash flow
$782.96M+23.81%
TTM $848.64M
Return on equity
17.84%+4.52%
TTM 15.81%
Debt / equity
Shares outstanding
493.6M-1.67%
TTM 473.4M

The business

The Trade Desk, Inc. (NASDAQ: TTD) is a global leader in advertising technology that empowers ad buyers to create, manage and optimize digital advertising campaigns across ad formats, channels and devices. The company operates a world-class, AI-enabled platform designed to help advertisers and advertising agencies plan, execute and measure highly expressive, data-driven campaigns across premium, omnichannel inventory. The Trade Desk's website is located at www.thetradedesk.com.

The company generates revenue by charging clients a platform fee generally based on a percentage of their total platform spend, along with revenue from value-added services and data offerings. The Trade Desk serves advertising agencies, advertisers and other service providers through ongoing master services agreements rather than episodic transactions, creating a highly scalable business model with customer retention rates exceeding 95% for over a decade.

The Trade Desk's platform provides integrated access to digital advertising inventory from over 430 directly integrated ad exchanges, publishers and supply-side platforms, offering clients access to a breadth of programmatic advertising inventory across televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. The company has integrated its platform with more than 370 third-party data vendors whose products are available for purchase through its data marketplace. The platform features proprietary AI capabilities including Koa, an AI co-pilot that processes and analyzes data sets to surface insights and recommendations, along with advanced reporting and analytics tools, data management capabilities and measurement features.

As of December 31, 2025, The Trade Desk employed 3,843 full-time employees across 21 countries, with approximately 63% of its workforce in North America, 20% in Europe, Middle East and Africa, and 17% in Asia Pacific. The company operates an open platform architecture that allows clients to customize and expand functionality through APIs and integrations with a rich ecosystem of third-party partners. The Trade Desk maintains an independent, buy-side focused approach to the advertising technology market, positioning itself as distinct from competitors that serve both buyers and sellers of advertising inventory.

Sector
Technology
Industry
Computer Services
HQ
VENTURA, CA
FY end
12-31
CIK
1671933
SIC
7370
Financial performance · annual
20162025
$-299.01M$598.03M$1.50B$2.39B$3.29B2016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Trade Desk, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

535
funds hold it
0 of 35
superinvestors hold it
$2.45B
fund-held value
29.4%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$245.17M
State Street(R) Communication Services Select Sector SPDR(R) ETF
XLC · SELECT SECTOR SPDR TRUST
0.93%$207.29M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.01%$199.97M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%$177.11M
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
0.17%$145.91M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of Trade Desk, Inc.'s financials

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