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 operating margin
Operating margin is operating income as a percentage of revenue.
Trade Desk's operating margin for the twelve months ending Sep 30, 2026 was 17.3%. For fiscal 2025 it was 20.3%, against 17.5% the year before. The highest annual figure on record is 33.4% in fiscal 2015.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 20.3% | +2.9 |
| FY2024 | Dec 31, 2024 | 17.5% | +7.2 |
| FY2023 | Dec 31, 2023 | 10.3% | +3.1 |
| FY2022 | Dec 31, 2022 | 7.2% | −3.2 |
| FY2021 | Dec 31, 2021 | 10.4% | −6.8 |
| FY2020 | Dec 31, 2020 | 17.2% | +0.3 |
| FY2019 | Dec 31, 2019 | 17.0% | −5.5 |
| FY2018 | Dec 31, 2018 | 22.5% | −0.0 |
| FY2017 | Dec 31, 2017 | 22.5% | −5.8 |
| FY2016 | Dec 31, 2016 | 28.3% | −5.0 |
| FY2015 | Dec 31, 2015 | 33.4% | +31.6 |
| FY2014 | Dec 31, 2014 | 1.7% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 12.6% | −9.2 |
| Q2 FY2026 | Jun 30, 2026 | 14.2% | −2.6 |
| Q1 FY2026 | Mar 31, 2026 | 9.7% | +0.8 |
| Q4 FY2025 | Dec 31, 2025 | 30.3% | +4.0 |
| Q3 FY2025 | Sep 30, 2025 | 21.8% | +4.5 |
| Q2 FY2025 | Jun 30, 2025 | 16.8% | +0.6 |
| Q1 FY2025 | Mar 31, 2025 | 8.8% | +3.0 |
| Q4 FY2024 | Dec 31, 2024 | 26.4% | +2.5 |
| Q3 FY2024 | Sep 30, 2024 | 17.3% | +9.6 |
| Q2 FY2024 | Jun 30, 2024 | 16.2% | +7.2 |
| Q1 FY2024 | Mar 31, 2024 | 5.8% | +11.9 |
| Q4 FY2023 | Dec 31, 2023 | 23.8% | +3.4 |
| Q3 FY2023 | Sep 30, 2023 | 7.6% | +0.3 |
| Q2 FY2023 | Jun 30, 2023 | 9.0% | +8.5 |
| Q1 FY2023 | Mar 31, 2023 | -6.1% | −0.7 |
| Q4 FY2022 | Dec 31, 2022 | 20.4% | +26.8 |
| Q3 FY2022 | Sep 30, 2022 | 7.3% | −19.4 |
| Q2 FY2022 | Jun 30, 2022 | 0.5% | −21.7 |
| Q1 FY2022 | Mar 31, 2022 | -5.4% | −8.9 |
| Q4 FY2021 | Dec 31, 2021 | -6.4% | −39.7 |
| Q3 FY2021 | Sep 30, 2021 | 26.7% | +6.9 |
| Q2 FY2021 | Jun 30, 2021 | 22.1% | +33.4 |
| Q1 FY2021 | Mar 31, 2021 | 3.5% | −3.2 |
| Q4 FY2020 | Dec 31, 2020 | 33.3% | +8.9 |
| Q3 FY2020 | Sep 30, 2020 | 19.8% | +6.4 |
| Q2 FY2020 | Jun 30, 2020 | -11.3% | −31.3 |
| Q1 FY2020 | Mar 31, 2020 | 6.7% | +2.0 |
| Q4 FY2019 | Dec 31, 2019 | 24.4% | −6.1 |
| Q3 FY2019 | Sep 30, 2019 | 13.4% | −5.4 |
| Q2 FY2019 | Jun 30, 2019 | 20.0% | −3.3 |
| Q1 FY2019 | Mar 31, 2019 | 4.7% | −6.9 |
| Q4 FY2018 | Dec 31, 2018 | 30.5% | +2.0 |
| Q3 FY2018 | Sep 30, 2018 | 18.7% | −4.4 |
| Q2 FY2018 | Jun 30, 2018 | 23.3% | −3.8 |
| Q1 FY2018 | Mar 31, 2018 | 11.6% | +8.0 |
| Q4 FY2017 | Dec 31, 2017 | 28.6% | −4.6 |
| Q3 FY2017 | Sep 30, 2017 | 23.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 27.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 3.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 33.2% | – |
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