The Trade Desk Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Quarter Ended	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2014-12-31
Revenue	605.8	493.27	464.25	382.8	490.74	394.77	376.96	315.32	395.6	301.09	279.97	219.81	319.91	216.11	139.36	160.66	215.94	164.2	159.92	120.99	160.47	118.83	112.33	85.67	102.65	79.41	72.8	53.35	72.41	52.96	47.18	30.38	42.66	28.77	-
Revenue Growth (YoY)	23.45%	24.95%	23.16%	21.40%	24.05%	31.11%	34.65%	43.45%	23.66%	39.32%	100.90%	36.82%	48.14%	31.61%	-12.86%	32.79%	34.57%	38.19%	42.37%	41.23%	56.33%	49.63%	54.30%	60.57%	41.76%	49.96%	54.30%	75.63%	69.75%	84.08%	-	-	-	-	-
Cost of Revenue	100.7	93.38	86.65	84.87	79.62	70.12	67.49	63.89	66.85	53.4	50.81	50.5	51.65	44.83	42.13	40.21	47.27	39.93	35.33	33.65	35.26	29.34	26.6	22.9	21.13	17.4	15.15	12.55	13.26	10.42	8.68	7.51	7.36	5.97	-
Gross Profit	505.1	399.88	377.6	297.94	411.12	324.65	309.47	251.43	328.75	247.69	229.16	169.31	268.26	171.29	97.22	120.45	168.68	124.27	124.59	87.34	125.21	89.48	85.73	62.77	81.52	62.02	57.65	40.8	59.15	42.53	38.5	22.87	35.3	22.8	-
Selling, General & Admin	258.66	244.44	237.62	227.53	226.48	215.93	224.25	196.49	291.28	111.4	113.67	107.61	113.11	87.43	72.94	72.89	83.22	73.16	63.19	56.35	52.16	44.6	40.09	35.14	35.17	30.43	25.82	28.41	25.5	20.19	17.7	14.83	13	10.2	-
Research & Development	102	117.77	98.31	93.71	84.48	79.92	83.48	72	62.84	55.85	53.54	53.92	48.72	41.08	40.06	36.79	32.8	29.19	29.45	25.31	24.09	22.62	19.48	17.7	17.03	13.18	12.14	10.46	9.62	7.29	5.76	4.64	4.31	3.41	-
Operating Expenses	360.66	362.21	335.93	321.24	310.96	295.85	307.73	268.49	354.11	167.25	167.21	161.53	161.83	128.51	112.99	109.69	116.03	102.34	92.65	81.67	76.24	67.22	59.57	52.84	52.2	43.61	37.96	38.87	35.11	27.48	23.47	19.47	17.32	13.61	-
Operating Income	144.44	37.68	41.67	-23.31	100.16	28.8	1.74	-17.05	-25.36	80.45	61.95	7.78	106.43	42.78	-15.77	10.77	52.65	21.93	31.95	5.67	48.97	22.26	26.16	9.93	29.32	18.41	19.69	1.94	24.04	15.05	15.03	3.4	17.99	9.19	-
Interest Expense / Income	-18.95	-17.63	-17.51	-14.42	-11.43	-1.74	-0.66	1.08	0.47	0.32	0.19	0.05	0.08	0.24	-0.16	-0.82	-0.96	-1.48	-1.29	-1	-0.22	-0.24	-0.03	0.16	0.41	0.51	0.41	0.36	0.41	1.35	0.48	0.84	0.43	0.3	-
Other Expense / Income	2.71	-1.7	-0.75	0.72	-0.53	0.04	0.32	-0.8	0.75	1.15	0.2	-0.35	-0.61	-0.01	0.35	1.23	-0.09	-0.41	-0.13	1.33	-0.12	0.4	1.1	0.54	0.87	1.84	0.89	0.43	0.66	7.41	5.98	51.64	8.7	4.23	-
Pretax Income	160.68	57	59.93	-9.61	112.12	30.5	2.08	-17.33	-26.58	78.98	61.55	8.09	106.96	42.56	-15.97	10.35	53.7	23.82	33.37	5.34	49.3	22.11	25.1	9.23	28.04	16.05	18.39	1.14	22.96	6.29	8.57	-49.08	8.86	4.66	-
Income Tax	63.35	17.65	26.99	-18.93	40.93	14.63	21.16	-2.74	-34.62	19.59	13.85	-14.55	-44.94	1.31	-41.08	-13.71	2.75	4.4	5.57	-4.81	9.87	1.81	5.76	0.16	11.23	5.83	-0.46	-3.77	12.68	5.32	6.18	-0.83	7.02	3.21	-
Net Income	97.32	39.35	32.94	9.33	71.19	15.87	-19.07	-14.6	8.04	59.38	47.7	22.64	151.9	41.25	25.11	24.06	50.95	19.42	27.8	10.15	39.44	20.29	19.34	9.07	16.81	10.23	18.85	4.91	10.28	0.97	2.39	-48.25	1.84	1.45	-
Net Income Growth	36.71%	147.98%	-	-	785.52%	-73.28%	-	-	-94.71%	43.97%	89.94%	-5.88%	198.17%	112.37%	-9.67%	136.99%	29.19%	-4.29%	43.72%	11.92%	134.58%	98.38%	2.62%	84.76%	63.53%	952.37%	688.00%	-	458.09%	-33.10%	-	-	-	-	-
Shares Outstanding (Basic)	489	489	488	490	489	488	486	484	481	478	476	473	469	466	461	455	450	448	444	439	432	427	422	416	411	407	400	392	183	126	109	108	106	102	102
Shares Outstanding (Diluted)	500	502	499	500	541	500	486	484	500	499	497	498	498	492	487	483	480	480	478	473	468	466	452	445	445	442	439	436	183	171	155	108	174	142	-
Shares Change	-7.67%	0.32%	2.68%	3.22%	8.17%	0.28%	-2.15%	-2.76%	0.55%	1.36%	2.15%	3.06%	3.58%	2.46%	1.73%	2.11%	2.67%	3.14%	5.72%	6.22%	5.23%	5.27%	2.95%	2.26%	143.25%	159.29%	182.87%	301.52%	5.31%	19.91%	51.81%	-	-	-	-
EPS (Basic)	0.20	0.08	0.07	0.02	0.15	0.03	-0.04	-0.03	0.02	0.12	0.10	0.05	0.32	0.09	0.05	0.05	0.11	0.04	0.06	0.02	0.09	0.05	0.05	0.02	0.04	0.03	0.05	0.01	0.18	0.01	0.02	-0.45	0.02	0.01	-
EPS (Diluted)	0.20	0.08	0.07	0.02	0.15	0.03	-0.04	-0.03	0.02	0.12	0.10	0.05	0.30	0.08	0.05	0.05	0.11	0.04	0.06	0.02	0.09	0.04	0.04	0.02	0.04	0.02	0.04	0.01	0.18	0.01	0.01	-0.45	0.01	0.01	-
EPS Growth	33.33%	166.67%	-	-	650.00%	-75.00%	-	-	-93.33%	50.00%	100.00%	0%	172.73%	100.00%	-13.79%	138.10%	29.41%	-9.09%	34.88%	5.00%	123.68%	91.30%	0%	81.82%	-78.53%	283.33%	186.67%	-	1261.54%	-40.00%	-	-	-	-	-
Free Cash Flow	63.79	183.82	118.74	176.95	122.82	111.84	86.01	136.18	151.03	103.25	3.38	60.89	149.41	66.46	75.59	33.5	-43.16	38.4	22.16	2.21	37.59	20.77	-6.1	9.15	21.97	16.68	6.5	-26.99	32.14	14.16	3.56	15.96	-15.26	-12.86	-
Free Cash Flow Per Share	0.13	0.38	0.24	0.36	0.25	0.23	0.18	0.28	0.31	0.22	0.01	0.13	0.32	0.14	0.16	0.07	-0.10	0.09	0.05	0.01	0.09	0.05	-0.01	0.02	0.05	0.04	0.02	-0.07	0.18	0.11	0.03	0.15	-0.14	-0.13	-
Gross Margin	83.38%	81.07%	81.33%	77.83%	83.78%	82.24%	82.10%	79.74%	83.10%	82.26%	81.85%	77.03%	83.86%	79.26%	69.77%	74.97%	78.11%	75.68%	77.91%	72.19%	78.03%	75.30%	76.32%	73.27%	79.41%	78.09%	79.19%	76.48%	81.69%	80.32%	81.60%	75.27%	82.75%	79.25%	-
Operating Margin	23.84%	7.64%	8.98%	-6.09%	20.41%	7.30%	0.46%	-5.41%	-6.41%	26.72%	22.13%	3.54%	33.27%	19.80%	-11.32%	6.70%	24.38%	13.35%	19.98%	4.69%	30.52%	18.74%	23.29%	11.59%	28.56%	23.18%	27.05%	3.63%	33.20%	28.42%	31.86%	11.18%	42.16%	31.95%	-
Profit Margin	16.07%	7.98%	7.10%	2.44%	14.51%	4.02%	-5.06%	-4.63%	2.03%	19.72%	17.04%	10.30%	47.48%	19.09%	18.02%	14.97%	23.59%	11.83%	17.38%	8.39%	24.57%	17.08%	17.22%	10.59%	16.38%	12.88%	25.89%	9.20%	14.20%	1.84%	5.07%	-158.83%	4.32%	5.05%	-
Free Cash Flow Margin	10.53%	37.27%	25.58%	46.22%	25.03%	28.33%	22.82%	43.19%	38.18%	34.29%	1.21%	27.70%	46.70%	30.75%	54.24%	20.85%	-19.99%	23.38%	13.86%	1.83%	23.43%	17.48%	-5.43%	10.68%	21.40%	21.01%	8.93%	-50.59%	44.38%	26.73%	7.55%	52.52%	-35.78%	-44.69%	-
Effective Tax Rate	39.43%	30.96%	45.03%	-	36.51%	47.97%	1016.09%	-	-	24.81%	22.51%	-179.81%	-42.02%	3.08%	-	-132.46%	5.12%	18.46%	16.69%	-90.20%	20.02%	8.20%	22.93%	1.73%	40.04%	36.28%	-2.49%	-329.11%	55.23%	84.55%	72.08%	-	79.22%	68.85%	-
EBITDA	174.54	72.25	74.89	7.18	129.09	52.93	24.53	6.61	-3.46	98.61	82.85	27.6	124.12	58.54	-0.92	23.41	65.66	34.77	41.42	13.22	52.8	25.15	27.65	11.64	30.5	18.54	20.5	3	24.56	8.6	9.88	-47.42	9.99	5.39	-
EBITDA Margin	28.81%	14.65%	16.13%	1.88%	26.31%	13.41%	6.51%	2.10%	-0.87%	32.75%	29.59%	12.56%	38.80%	27.09%	-0.66%	14.57%	30.40%	21.17%	25.90%	10.92%	32.90%	21.16%	24.61%	13.58%	29.71%	23.34%	28.16%	5.62%	33.92%	16.24%	20.95%	-156.11%	23.43%	18.73%	-
Depreciation & Amortization	32.81	32.88	32.47	31.21	28.41	24.17	23.1	22.87	22.65	19.31	21.11	19.46	17.07	15.74	15.21	13.88	12.92	12.43	9.34	8.88	3.72	3.28	2.58	2.25	2.05	1.97	1.7	1.49	1.19	0.96	0.83	0.82	0.71	0.43	-
EBIT	141.72	39.37	42.42	-24.03	100.69	28.76	1.43	-16.26	-26.11	79.29	61.74	8.14	107.05	42.79	-16.12	9.53	52.74	22.34	32.08	4.34	49.08	21.87	25.07	9.39	28.44	16.57	18.8	1.51	23.38	7.64	9.05	-48.24	9.29	4.96	-
EBIT Margin	23.39%	7.98%	9.14%	-6.28%	20.52%	7.29%	0.38%	-5.16%	-6.60%	26.34%	22.05%	3.70%	33.46%	19.80%	-11.57%	5.93%	24.42%	13.60%	20.06%	3.59%	30.59%	18.40%	22.31%	10.96%	27.71%	20.86%	25.83%	2.83%	32.28%	14.43%	19.18%	-158.81%	21.78%	17.24%	-

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).