The Trade Desk, Inc. (LON:0LF5)

The Trade Desk Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,679	2,445	1,946	1,578	1,196	836.03
Revenue Growth (YoY)	23.18%	25.63%	23.34%	31.87%	43.11%	26.47%
Cost of Revenue	551.74	472.01	365.6	281.12	221.55	178.81
Gross Profit	2,127	1,973	1,581	1,297	974.91	657.22
Selling, General & Admin	1,140	1,082	968.25	863.14	623.96	346.36
Research & Development	512.25	463.32	411.79	319.88	226.14	166.65
Operating Expenses	1,652	1,546	1,380	1,183	850.1	513.01
Operating Income	475.02	427.17	200.48	113.65	124.82	144.21
Interest Expense	-1.55	-1.51	-1.66	-4.01	-1.03	-
Interest & Investment Income	84.08	80.36	70.16	16.77	-	0.66
Currency Exchange Gain (Loss)	0.2	1.29	-0.99	0.96	-1.75	-0.96
Pretax Income	557.75	507.3	268	127.37	122.04	143.9
Income Tax Expense	140.55	114.23	89.06	73.99	-15.73	-98.41
Net Income	417.19	393.08	178.94	53.39	137.76	242.32
Net Income to Common	417.19	393.08	178.94	53.39	137.76	242.32
Net Income Growth	64.66%	119.67%	235.19%	-61.25%	-43.15%	123.71%
Shares Outstanding (Basic)	493	491	489	487	477	463
Shares Outstanding (Diluted)	502	502	500	500	499	490
Shares Change (YoY)	0.42%	0.35%	0.05%	0.28%	1.77%	2.47%
EPS (Basic)	0.85	0.80	0.37	0.11	0.29	0.52
EPS (Diluted)	0.83	0.78	0.36	0.11	0.28	0.49
EPS Growth	62.73%	116.67%	228.37%	-60.85%	-42.86%	113.04%
Free Cash Flow	755.92	641.22	551.53	464.57	323.71	331.01
Free Cash Flow Per Share	1.51	1.28	1.10	0.93	0.65	0.68
Gross Margin	79.41%	80.69%	81.21%	82.18%	81.48%	78.61%
Operating Margin	17.73%	17.47%	10.30%	7.20%	10.43%	17.25%
Profit Margin	15.57%	16.08%	9.20%	3.38%	11.51%	28.98%
Free Cash Flow Margin	28.22%	26.23%	28.34%	29.45%	27.05%	39.59%
EBITDA	554.57	498.66	266.9	161.08	162.04	166.84
EBITDA Margin	20.70%	20.40%	13.71%	10.21%	13.54%	19.96%
D&A For EBITDA	79.56	71.49	66.42	47.43	37.22	22.63
EBIT	475.02	427.17	200.48	113.65	124.82	144.21
EBIT Margin	17.73%	17.47%	10.30%	7.20%	10.43%	17.25%
Effective Tax Rate	25.20%	22.52%	33.23%	58.09%	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.