The Trade Desk, Inc. (TTD) Financials
Key financial figures for The Trade Desk, Inc. (Q2 2026).
The Trade Desk reported Q2 2026 revenue of $715.1 million (up 3% year over year) but guided Q3 2026 revenue to at least $650 million, implying a roughly 12% year-over-year decline, sending shares sharply lower. Revenue of $715.1 million grew just 3% year over year, missing the pace investors expected and marking a sharp deceleration from prior quarters. GAAP net income fell to $64.4 million ($0.14 diluted EPS) from $90.1 million ($0.18 diluted EPS) in Q2 2025, a 29% year-over-year decline. Adjusted EBITDA was $241.3 million, a 34% margin, down from 39% in Q2 2025 as the company absorbed higher operating costs relative to revenue growth. On the outlook: For Q3 2026, The Trade Desk guided to revenue of at least $650 million and adjusted EBITDA of approximately $160 million, implying a roughly 12% year-over-year revenue decline from Q3 2025's $739.4 million. Figures are for Q2 2026, as The Trade Desk, Inc. reported them.
- Revenue
- $715M
- Net Income
- $64M
- EPS
- $0.14
- Total Assets
- $5.8B
- Operating Cash Flow
- $154M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $715M | $64M | $0.14 | 14.21% | $140M |
| Q1 FY2026 | $689M | $40M | $0.08 | 9.68% | $279M |
| Q4 FY2025 | $847M | $187M | $0.40 | 30.33% | $277M |
| Q3 FY2025 | $739M | $116M | $0.23 | 21.8% | $164M |
| Q2 FY2025 | $694M | $90M | $0.18 | 16.83% | $117M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $2.9B | $443M | $0.91 | 20.35% | $796M |
| FY2024 | $2.4B | $393M | $0.78 | 17.47% | $632M |
| FY2023 | $1.9B | $179M | $0.36 | 10.3% | $543M |
Frequently asked questions
What was The Trade Desk, Inc.'s revenue last quarter?
The Trade Desk, Inc. reported revenue of $715.1 million for Q2 FY2026, up 3.0% from the same period a year earlier.
Is The Trade Desk, Inc. profitable?
Yes. The Trade Desk, Inc. reported net income of $64.4 million for Q2 FY2026, a net margin of 9.01% on revenue.
How has The Trade Desk, Inc.'s margin trended?
Operating margin was 14.21% in Q2 FY2026, compared with 16.83% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did The Trade Desk, Inc. generate?
The Trade Desk, Inc. generated free cash flow of $140.4 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for The Trade Desk, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.