The Trade Desk, Inc. financials
Key figures from The Trade Desk, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Jun 2026 | Jun 2025 | Change |
|---|---|---|---|
| Revenue | $715M | $694M | +3.0% |
| Net income | $64M | $90M | -28.6% |
| Free cash flow | $140M | $120M | +17.2% |
| Gross margin | 74.2% | 78.2% | -4.0 pts |
| Operating margin | 14.2% | 16.8% | -2.6 pts |
| Net margin | 9.0% | 13.0% | -4.0 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Dec 2025 | $2.9B | $443M | 15.3% | $796M | $0.90 |
| FY Dec 2024 | $2.4B | $393M | 16.1% | $641M | $0.78 |
| FY Dec 2023 | $1.9B | $179M | 9.2% | $552M | $0.36 |
| FY Dec 2022 | $1.6B | $53M | 3.4% | $465M | $0.11 |
| FY Dec 2021 | $1.2B | $138M | 11.5% | $324M | $0.28 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.