The Trade Desk Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,791	2,445	1,946	1,578	1,196	836.03
Revenue Growth (YoY)	20.82%	25.63%	23.34%	31.87%	43.11%	26.47%
Cost of Revenue	591.24	472.01	365.6	281.12	221.55	178.81
Gross Profit	2,199	1,973	1,581	1,297	974.91	657.22
Selling, General & Admin	1,149	1,082	968.25	863.14	623.96	346.36
Research & Development	522.44	463.32	411.79	319.88	226.14	166.65
Operating Expenses	1,672	1,546	1,380	1,183	850.1	513.01
Operating Income	527.76	427.17	200.48	113.65	124.82	144.21
Interest Expense	-1.53	-1.51	-1.66	-4.01	-1.03	-
Interest & Investment Income	81.14	80.36	70.16	16.77	-	0.66
Currency Exchange Gain (Loss)	2.72	1.29	-0.99	0.96	-1.75	-0.96
Pretax Income	610.09	507.3	268	127.37	122.04	143.9
Income Tax Expense	171.51	114.23	89.06	73.99	-15.73	-98.41
Net Income	438.58	393.08	178.94	53.39	137.76	242.32
Net Income to Common	438.58	393.08	178.94	53.39	137.76	242.32
Net Income Growth	42.32%	119.67%	235.19%	-61.25%	-43.15%	123.71%
Shares Outstanding (Basic)	492	491	489	487	477	463
Shares Outstanding (Diluted)	500	502	500	500	499	490
Shares Change (YoY)	-0.10%	0.35%	0.05%	0.28%	1.77%	2.47%
EPS (Basic)	0.89	0.80	0.37	0.11	0.29	0.52
EPS (Diluted)	0.88	0.78	0.36	0.11	0.28	0.49
EPS Growth	42.00%	116.67%	228.37%	-60.85%	-42.86%	113.04%
Free Cash Flow	689.66	641.22	551.53	464.57	323.71	331.01
Free Cash Flow Per Share	1.38	1.28	1.10	0.93	0.65	0.68
Gross Margin	78.81%	80.69%	81.21%	82.18%	81.48%	78.61%
Operating Margin	18.91%	17.47%	10.30%	7.20%	10.43%	17.25%
Profit Margin	15.72%	16.08%	9.20%	3.38%	11.51%	28.98%
Free Cash Flow Margin	24.71%	26.23%	28.34%	29.45%	27.05%	39.59%
EBITDA	619.69	498.66	266.9	161.08	162.04	166.84
EBITDA Margin	22.21%	20.40%	13.71%	10.21%	13.54%	19.96%
D&A For EBITDA	91.94	71.49	66.42	47.43	37.22	22.63
EBIT	527.76	427.17	200.48	113.65	124.82	144.21
EBIT Margin	18.91%	17.47%	10.30%	7.20%	10.43%	17.25%
Effective Tax Rate	28.11%	22.52%	33.23%	58.09%	-	-

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