10x Insights
Loading account…
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) provides advertising technology that helps advertising agencies, advertisers and other service providers create, manage and optimize digital campaigns. Its self-service platform enables programmatic media buying across formats, channels and devices, including connected television,… From the company’s description.

In fiscal 2025, Trade Desk reported revenue of $2.90B, up 18.5% from fiscal 2024, and net income of $443.30M. Its operating margin was 20.3%, and operations generated $992.72M in cash. Over the twelve months to Jun 30, 2026, revenue was $2.99B.

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) provides advertising technology that helps advertising agencies, advertisers and other service providers create, manage and optimize digital campaigns. Its self-service platform enables programmatic media buying across formats, channels and devices, including connected television, mobile, display, audio and digital out-of-home, with tools for audience targeting, campaign measurement and optimization, and access to third-party data. Clients can also customize platform functions through APIs. The company earns platform fees generally based on clients’ spending, as well as fees for value-added services and data; it operates as a single business rather than reporting separate segments. Its ecosystem includes integrations with more than 430 advertising exchanges, publishers and supply-side platforms, and more than 370 third-party data vendors as of December 31, 2025. The company had 3,843 full-time employees in 21 countries at year-end 2025. Its offerings include the Koa AI co-pilot, OpenPath publisher connections, Unified ID 2.0 and The Trade Desk Edge Academy. Its website is http://investors.thetradedesk.com.

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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Trade Desk and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Trade Desk's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Trade Desk's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.