The Trade Desk, Inc. (BMV:TTD)

The Trade Desk Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,896	2,445	1,946	1,578	1,196
Revenue Growth (YoY)	18.47%	25.63%	23.34%	31.87%	43.11%
Cost of Revenue	619.07	472.01	365.6	281.12	221.55
Gross Profit	2,277	1,973	1,581	1,297	974.91
Selling, General & Admin	1,163	1,082	968.25	863.14	623.96
Research & Development	525.14	463.32	411.79	319.88	226.14
Operating Expenses	1,688	1,546	1,380	1,183	850.1
Operating Income	589.32	427.17	200.48	113.65	124.82
Interest Expense	-1.79	-1.51	-1.66	-4.01	-1.03
Interest & Investment Income	70.51	80.36	70.16	16.77	-
Currency Exchange Gain (Loss)	0.72	1.29	-0.99	0.96	-1.75
Pretax Income	658.76	507.3	268	127.37	122.04
Income Tax Expense	215.45	114.23	89.06	73.99	-15.73
Net Income	443.3	393.08	178.94	53.39	137.76
Net Income to Common	443.3	393.08	178.94	53.39	137.76
Net Income Growth	12.78%	119.67%	235.19%	-61.25%	-43.15%
Shares Outstanding (Basic)	488	491	489	487	477
Shares Outstanding (Diluted)	494	502	500	500	499
Shares Change (YoY)	-1.67%	0.35%	0.05%	0.28%	1.77%
EPS (Basic)	0.91	0.80	0.37	0.11	0.29
EPS (Diluted)	0.90	0.78	0.36	0.11	0.28
EPS Growth	15.38%	116.67%	228.37%	-60.85%	-42.86%
Free Cash Flow	795.71	641.22	551.53	464.57	323.71
Free Cash Flow Per Share	1.61	1.28	1.10	0.93	0.65
Gross Margin	78.63%	80.69%	81.21%	82.18%	81.48%
Operating Margin	20.35%	17.47%	10.30%	7.20%	10.43%
Profit Margin	15.31%	16.08%	9.20%	3.38%	11.51%
Free Cash Flow Margin	27.47%	26.23%	28.34%	29.45%	27.05%
EBITDA	690.11	498.66	266.9	161.08	162.04
EBITDA Margin	23.83%	20.40%	13.71%	10.21%	13.54%
D&A For EBITDA	100.78	71.49	66.42	47.43	37.22
EBIT	589.32	427.17	200.48	113.65	124.82
EBIT Margin	20.35%	17.47%	10.30%	7.20%	10.43%
Effective Tax Rate	32.71%	22.52%	33.23%	58.09%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.