Trade Desk, Inc. (TTD) stock
TTDNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 17/3060% below fair value
$15.47−0.51 (-3.19%)
Close on Nov 12, 2026Market cap $7.27BP/E 22.4Yield –
Trade Desk gross margin
Gross margin is gross profit as a percentage of revenue.
Trade Desk's gross margin for the twelve months ending Sep 30, 2026 was 75.6%. For fiscal 2025 it was 78.6%, against 80.7% the year before. The highest annual figure on record is 82.2% in fiscal 2022.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 78.6% | −2.1 |
| FY2024 | Dec 31, 2024 | 80.7% | −0.5 |
| FY2023 | Dec 31, 2023 | 81.2% | −1.0 |
| FY2022 | Dec 31, 2022 | 82.2% | +0.7 |
| FY2021 | Dec 31, 2021 | 81.5% | +2.9 |
| FY2020 | Dec 31, 2020 | 78.6% | +2.2 |
| FY2019 | Dec 31, 2019 | 76.4% | +0.3 |
| FY2018 | Dec 31, 2018 | 76.1% | −2.4 |
| FY2017 | Dec 31, 2017 | 78.5% | −1.8 |
| FY2016 | Dec 31, 2016 | 80.3% | +0.5 |
| FY2015 | Dec 31, 2015 | 79.8% | +8.0 |
| FY2014 | Dec 31, 2014 | 71.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 72.8% | −5.3 |
| Q2 FY2026 | Jun 30, 2026 | 74.2% | −4.0 |
| Q1 FY2026 | Mar 31, 2026 | 73.6% | −3.2 |
| Q4 FY2025 | Dec 31, 2025 | 80.7% | −1.0 |
| Q3 FY2025 | Sep 30, 2025 | 78.1% | −2.4 |
| Q2 FY2025 | Jun 30, 2025 | 78.2% | −2.9 |
| Q1 FY2025 | Mar 31, 2025 | 76.8% | −2.1 |
| Q4 FY2024 | Dec 31, 2024 | 81.7% | −1.6 |
| Q3 FY2024 | Sep 30, 2024 | 80.5% | −0.6 |
| Q2 FY2024 | Jun 30, 2024 | 81.1% | −0.2 |
| Q1 FY2024 | Mar 31, 2024 | 78.9% | +1.1 |
| Q4 FY2023 | Dec 31, 2023 | 83.4% | −0.4 |
| Q3 FY2023 | Sep 30, 2023 | 81.1% | −1.2 |
| Q2 FY2023 | Jun 30, 2023 | 81.3% | −0.8 |
| Q1 FY2023 | Mar 31, 2023 | 77.8% | −1.9 |
| Q4 FY2022 | Dec 31, 2022 | 83.8% | +0.7 |
| Q3 FY2022 | Sep 30, 2022 | 82.2% | −0.0 |
| Q2 FY2022 | Jun 30, 2022 | 82.1% | +0.2 |
| Q1 FY2022 | Mar 31, 2022 | 79.7% | +2.7 |
| Q4 FY2021 | Dec 31, 2021 | 83.1% | −0.8 |
| Q3 FY2021 | Sep 30, 2021 | 82.3% | +3.0 |
| Q2 FY2021 | Jun 30, 2021 | 81.9% | +12.1 |
| Q1 FY2021 | Mar 31, 2021 | 77.0% | +2.1 |
| Q4 FY2020 | Dec 31, 2020 | 83.9% | +5.7 |
| Q3 FY2020 | Sep 30, 2020 | 79.3% | +3.6 |
| Q2 FY2020 | Jun 30, 2020 | 69.8% | −8.1 |
| Q1 FY2020 | Mar 31, 2020 | 75.0% | +2.8 |
| Q4 FY2019 | Dec 31, 2019 | 78.1% | +0.1 |
| Q3 FY2019 | Sep 30, 2019 | 75.7% | +0.4 |
| Q2 FY2019 | Jun 30, 2019 | 77.9% | +1.6 |
| Q1 FY2019 | Mar 31, 2019 | 72.2% | −1.1 |
| Q4 FY2018 | Dec 31, 2018 | 78.0% | −1.4 |
| Q3 FY2018 | Sep 30, 2018 | 75.3% | −2.8 |
| Q2 FY2018 | Jun 30, 2018 | 76.3% | −2.9 |
| Q1 FY2018 | Mar 31, 2018 | 73.3% | −3.2 |
| Q4 FY2017 | Dec 31, 2017 | 79.4% | −2.3 |
| Q3 FY2017 | Sep 30, 2017 | 78.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 79.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 76.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 81.7% | – |
See a number that looks wrong?