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TTD

Trade Desk

Communication ServicesComputer ServicesS&P 500
Ticker TTDVENTURA, CAFiscal year ends DecemberBook value per share $5.44Diluted shares 473.4M

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… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.90BFY2025
+18.5% year over year
Last 12 mo $2.99B
20.35%FY2025
+2.9 percentage points
Last 12 mo 19.61%
$443.30MFY2025
+12.8% year over year
Last 12 mo $406.89M
17.84%FY2025
+4.5 percentage points
Last 12 mo 15.81%
Cash & financing
$992.72MFY2025
+34.3% year over year
Last 12 mo $1.08B
$782.96MFY2025
+23.8% year over year
Last 12 mo $848.64M
—
493.6MFY2025
−1.7% year over year
Last 12 mo 473.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Trade Desk does

In the company’s own words

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.

Company details
Sector
Communication Services
Industry (SIC)
Computer Services
Headquarters
VENTURA, CA
Fiscal year end
December
CIK
1671933
SIC
7370

Financial performance, year by year

Fiscal 2016–2025 · USD
$-299.01M$598.03M$1.50B$2.39B$3.29B2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Trade Desk — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

535
funds hold it
0 of 35
superinvestors hold it
$2.45B
held by funds, at market
29.4%
of shares held by funds

Largest fund holders · Trade Desk’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.93%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Trade Desk and its peers compare on margins and cash generation over ten years?”
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