Trade Desk Past Earnings Performance

Past criteria checks 2/6

Trade Desk has been growing earnings at an average annual rate of 30.6%, while the Media industry saw earnings declining at 21.5% annually. Revenues have been growing at an average rate of 20.7% per year. Trade Desk's return on equity is 15.8%, and it has net margins of 13.6%.

Key information

30.57%

Earnings growth rate

30.10%

EPS growth rate

Media Industry Growth	9.42%
Revenue growth rate	20.72%
Return on equity	15.81%
Net Margin	13.61%
Last Earnings Update	30 Jun 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Trade Desk makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BMV:TTD * Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Jun 26	2,990	407	1,170	542
31 Mar 26	2,969	433	1,174	535
31 Dec 25	2,896	443	1,163	525
30 Sep 25	2,791	439	1,149	522
30 Jun 25	2,679	417	1,140	512
31 Mar 25	2,570	412	1,117	488
31 Dec 24	2,445	393	1,082	463
30 Sep 24	2,310	308	1,058	437
30 Jun 24	2,175	253	1,024	437
31 Mar 24	2,055	201	992	426
31 Dec 23	1,946	179	968	412
30 Sep 23	1,831	153	936	394
30 Jun 23	1,733	129	908	356
31 Mar 23	1,645	77	894	342
31 Dec 22	1,578	53	863	320
30 Sep 22	1,483	-10	928	298
30 Jun 22	1,389	34	823	274
31 Mar 22	1,292	101	713	244
31 Dec 21	1,196	138	624	226
30 Sep 21	1,121	282	446	212
30 Jun 21	1,036	263	422	197
31 Mar 21	895	241	381	184
31 Dec 20	836	242	346	167
30 Sep 20	732	141	316	151
30 Jun 20	680	120	302	139
31 Mar 20	701	122	292	128
31 Dec 19	661	108	276	117
30 Sep 19	606	97	245	108
30 Jun 19	560	98	216	101
31 Mar 19	513	89	193	92
31 Dec 18	477	88	172	84
30 Sep 18	419	66	155	77
30 Jun 18	380	55	141	67
31 Mar 18	341	55	127	60
31 Dec 17	308	51	120	53
30 Sep 17	278	44	110	45
30 Jun 17	252	35	100	40
31 Mar 17	226	21	92	33
31 Dec 16	203	-27	78	27
30 Sep 16	173	-35	66	22
30 Jun 16	149	-35	56	18
31 Mar 16	126	-35	47	15
31 Dec 15	114	9	40	13

Quality Earnings: TTD * has high quality earnings.

Growing Profit Margin: TTD *'s current net profit margins (13.6%) are lower than last year (15.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TTD *'s earnings have grown significantly by 30.6% per year over the past 5 years.

Accelerating Growth: TTD *'s has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TTD * had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Media industry average (24.5%).

Return on Equity

High ROE: TTD *'s Return on Equity (15.8%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/14 10:29
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Trade Desk, Inc. is covered by 53 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Rocco Strauss	Arete Research Services LLP
Richard Kramer	Arete Research Services LLP
Vikram Kesavabhotla	Baird

Trade Desk Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Second quarter 2026 earnings released: EPS: US$0.14 (vs US$0.18 in 2Q 2025)

The Trade Desk, Inc. to Report Q2, 2026 Results on Aug 06, 2026

First quarter 2026 earnings released: EPS: US$0.084 (vs US$0.10 in 1Q 2025)

The Trade Desk, Inc. to Report Q1, 2026 Results on May 07, 2026

Full year 2025 earnings released: EPS: US$0.91 (vs US$0.80 in FY 2024)

The Trade Desk, Inc. to Report Q4, 2025 Results on Feb 25, 2026

Recent updates

Now 21% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 18%

New major risk - Revenue and earnings growth

Now 32% undervalued after recent price drop

the Trade Desk, Inc. Provides Earnings Guidance for the Third Quarter 2026

Second quarter 2026 earnings released: EPS: US$0.14 (vs US$0.18 in 2Q 2025)

The Trade Desk, Inc. to Report Q2, 2026 Results on Aug 06, 2026

The Trade Desk Announces Appointment of Ron Lamprecht as Chief Business Development Officer and Senior Vice President, Effective July 27, 2026

the Trade Desk Announces Appointment of Kristi Argyilan as Chief Commercial Officer and Executive Vice President, Effective July 27, 2026

Less than half of directors are independent

The Trade Desk Announces Appointment of Penry Price to Board of Directors, Member of the Audit Committee, and Chair of the Compensation Committee, Effective July 9, 2026

The Trade Desk Appoints Sarah Gavin as Chief Marketing Officer and Executive Vice President, Effective June 15, 2026

The Trade Desk, Inc. Appoints David Haddad to the Board as A Class III Director, Audit Committee, Effective June 11, 2026

Investor sentiment deteriorates as stock falls 15%

New minor risk - Insider selling

The Trade Desk, Inc. Announces Chief Financial Officer Changes

Director recently sold Mex$20m worth of stock

First quarter 2026 earnings released: EPS: US$0.084 (vs US$0.10 in 1Q 2025)

The Trade Desk, Inc. to Report Q1, 2026 Results on May 07, 2026

The Trade Desk, Inc., Annual General Meeting, May 04, 2026

The Trade Desk Appoints Drew Vollero to Board of Directors

Investor sentiment deteriorates as stock falls 18%

Independent Director recently sold Mex$83m worth of stock

Trade Desk, Inc. Announces Resignation of Director Gokul Rajaram, Effective April 3, 2026

Investor sentiment improves as stock rises 27%

Full year 2025 earnings released: EPS: US$0.91 (vs US$0.80 in FY 2024)

The Trade Desk, Inc. Provides Earnings Guidance for the First Quarter of 2026

The Trade Desk Introduces the Ventura Ecosystem to Advance the Future of CTV Advertising

Investor sentiment deteriorates as stock falls 17%

New major risk - Share price stability

The Trade Desk, Inc. to Report Q4, 2025 Results on Feb 25, 2026

The Trade Desk Announces First Wave of OpenAds Publishing Partners - Supporting a Healthier Digital Media Supply Chain

The Trade Desk, Inc. Provides Earnings Guidance for the Fourth Quarter 2025

Third quarter 2025 earnings released: EPS: US$0.24 (vs US$0.19 in 3Q 2024)

The Trade Desk Announces Chief Revenue Officer Changes

The Trade Desk, Inc. to Report Q3, 2025 Results on Nov 06, 2025

The Trade Desk Announces Major Overhaul of Digital Advertising Data Marketplace

Acxiom Launches 'True Intelligence' to Revolutionize Digital and CTV Advertising Measurement in Partnership with the Trade Desk

Independent Director recently sold Mex$1.3m worth of stock

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 38%

Now 29% undervalued after recent price drop

Second quarter 2025 earnings released: EPS: US$0.18 (vs US$0.17 in 2Q 2024)

The Trade Desk, Inc. Provides Earnings Guidance for the Third Quarter of 2025

The Trade Desk, Inc. to Report Q2, 2025 Results on Aug 07, 2025

The Trade Desk to Launch Deal Desk - A Revolutionary Approach to Understanding and Managing Digital Advertising Deal Performance

Now 21% overvalued after recent price rise

The Trade Desk Announces OpenSincera, a New Application That Delivers Greater Visibility into Advertising Performance and Health of the Digital Advertising Supply Chain

Now 29% overvalued

First quarter 2025 earnings released: EPS: US$0.10 (vs US$0.065 in 1Q 2024)

The Trade Desk, Inc. Provides Earnings Guidance for the Second Quarter of 2025

The Trade Desk, Inc. to Report Q1, 2025 Results on May 08, 2025

The Trade Desk, Inc., Annual General Meeting, May 27, 2025

The Trade Desk, Inc. Announces Board Changes

The Trade Desk Appoints Will Platt-Higgins as Executive Vice President of Business Development, North America

Investor sentiment deteriorates as stock falls 17%

The Trade Desk, Inc. Appoints Preetha Athrey as Director of Brand Marketing

Now 26% undervalued after recent price drop

the Trade Desk, Inc. Appoints Vivek Kundra as Chief Operating Officer

Investor sentiment deteriorates as stock falls 15%

Saxena White P.A. Files Securities Fraud Class Action Against The Trade Desk, Inc. and Certain of Its Executives

Full year 2024 earnings released: EPS: US$0.80 (vs US$0.37 in FY 2023)

The Trade Desk, Inc. Provides Earnings Guidance for the First Quarter of 2025

Insufficient new directors

The Trade Desk, Inc. to Report Q4, 2024 Results on Feb 12, 2025

The Trade Desk, Inc. (NasdaqGM:TTD) signed a definitive agreement to acquire Sincera Technologies, Inc. from NextView Ventures, AperiamVentures and LiveRamp Ventures.

Third quarter 2024 earnings released: EPS: US$0.19 (vs US$0.08 in 3Q 2023)

The Trade Desk, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024

The Trade Desk, Inc. to Report Q3, 2024 Results on Nov 07, 2024