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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,990	2,896	2,445	1,946	1,578	1,196
Revenue Growth	11.61%	18.47%	25.63%	23.34%	31.87%	43.11%
Cost of Revenue	691.55	619.07	472.01	365.6	281.12	221.55
Gross Profit	2,299	2,277	1,973	1,581	1,297	974.91
Selling, General & Admin	1,170	1,163	1,082	968.25	863.14	623.96
Research & Development	541.95	525.14	463.32	411.79	319.88	226.14
Operating Expenses	1,712	1,688	1,546	1,380	1,183	850.1
Operating Income	586.32	589.32	427.17	200.48	113.65	124.82
Interest Expense	-2.11	-1.79	-1.51	-1.66	-4.01	-1.03
Interest & Investment Income	57.54	70.51	80.36	70.16	16.77	-
Currency Exchange Gain (Loss)	0.09	0.72	1.29	-0.99	0.96	-1.75
Pretax Income	641.83	658.76	507.3	268	127.37	122.04
Income Tax Expense	234.95	215.45	114.23	89.06	73.99	-15.73
Net Income	406.89	443.3	393.08	178.94	53.39	137.76
Net Income to Common	406.89	443.3	393.08	178.94	53.39	137.76
Net Income Growth	-2.47%	12.78%	119.67%	235.19%	-61.25%	-43.15%
Shares Outstanding (Basic)	478	488	491	489	487	477
Shares Outstanding (Diluted)	481	494	502	500	500	499
Shares Change	-4.27%	-1.67%	0.35%	0.05%	0.28%	1.77%
EPS (Basic)	0.85	0.91	0.80	0.37	0.11	0.29
EPS (Diluted)	0.85	0.90	0.78	0.36	0.11	0.28
EPS Growth	2.46%	15.38%	116.67%	228.37%	-60.85%	-42.86%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	863.05	795.71	641.22	551.53	464.57	323.71
Free Cash Flow Per Share	1.80	1.61	1.28	1.10	0.93	0.65
Gross Margin	76.87%	78.63%	80.69%	81.21%	82.18%	81.48%
Operating Margin	19.61%	20.35%	17.47%	10.30%	7.20%	10.43%
Profit Margin	13.61%	15.31%	16.08%	9.20%	3.38%	11.51%
Free Cash Flow Margin	28.86%	27.47%	26.23%	28.34%	29.45%	27.05%
EBITDA	697.98	690.11	498.66	266.9	161.08	162.04
EBITDA Margin	23.34%	23.83%	20.40%	13.71%	10.21%	13.54%
D&A For EBITDA	111.67	100.78	71.49	66.42	47.43	37.22
EBIT	586.32	589.32	427.17	200.48	113.65	124.82
EBIT Margin	19.61%	20.35%	17.47%	10.30%	7.20%	10.43%
Effective Tax Rate	36.60%	32.71%	22.52%	33.23%	58.09%	-

SEC Filings: 10-K · 10-Q