The Trade Desk, Inc. TTD NDXSPX
Company Overview
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company creates, manages, and optimizes digital advertising campaigns across ad formats, channels and devices, including CTV and other video, display, audio, and native, on a multitude of devices, such televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. It provides data and other value-added services. It serves advertising agencies, advertisers, and other service providers for agencies or advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.
Why Investors Should Care
Generates a return on equity of 16.7%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 20.4%.
Net profit has compounded at 102.5% per year over the last five years.
Revenue has grown at a 22.4% CAGR over the past five years.
Trades at a P/E of 22.0, below the sector median of 22.5.
Carries low leverage with a debt-to-equity ratio of 0.17.
Recent Developments
- Dec 2025 Revenue of $2.90B (+18.5% YoY); net profit $443.30M.
- Trailing 12 Months Year-on-year growth — revenue +11.8%, earnings -20.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 22.4%, profit CAGR 102.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 22.44% |
| 1 Year: | 11.80% |
Compounded Profit Growth
| 5 Years: | 102.50% |
| 1 Year: | -20.00% |
Stock Price Performance
| 1 Year: | -74.32% |
| 6 Months: | -47.51% |
| 3 Months: | -7.85% |
| 1 Month: | +0.47% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Kokai AI buying platform; Koa AI for media planning.
- Kokai AI platform The Trade Desk's Kokai uses AI to optimise programmatic ad buying — bidding, targeting and measurement across the open internet.
- AI-driven media optimisation Machine learning improves campaign performance and ROI for advertisers, reinforcing its platform edge.
- UID2 & data-driven targeting AI plus its identity framework (UID2) sharpen targeting in a post-cookie world.
- AI sharpens ad performance on the leading independent demand-side platform.
- Strong growth and profitability (net margin ~15%, ROE ~17%) with high retention.
- Open-internet positioning differentiates it from walled gardens.
- Ad-spend cyclicality and competition (Amazon) are key risks; valuation is premium.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 20.4%.
- Compounding revenue at 22.4% over 5 years.
- Profit CAGR of 102.5% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 78.4% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TTD The Trade Desk, Inc. NDXSPX | 19.37 | 22.01 | $8.27B | 0.00% | 20.41% | 16.74% | 22.44% | 102.50% |
| 2 | GOOGL Alphabet Inc. NDXSPXAI | 370.92 | 28.27 | $2.18T | 0.24% | 26.20% | 38.88% | 17.96% | 21.53% |
| 3 | META Meta Platforms, Inc. NDXSPXAI | 681.31 | 24.77 | $1.50T | 0.32% | 25.69% | 32.93% | 36.10% | 35.91% |
| 4 | NFLX Netflix, Inc. NDXSPXAI | 73.68 | 23.77 | $310.25B | 0.00% | 29.87% | 48.49% | 22.30% | 32.79% |
| 5 | TMUS T-Mobile US, Inc. NDXSPX | 187.62 | 19.94 | $203.04B | 2.18% | 9.39% | 18.02% | 22.63% | 28.77% |
| 6 | VZ Verizon Communications Inc. SPX | 42.83 | 10.45 | $178.84B | 6.65% | 8.59% | 17.20% | 0.33% | -6.86% |
| 7 | DIS The Walt Disney Company SPX | 97.15 | 15.54 | $168.70B | 1.56% | 10.74% | 11.01% | 6.96% | 4.12% |
| 8 | T AT&T Inc. SPX | 21.43 | 7.22 | $148.90B | 5.22% | 6.59% | 18.37% | 0.31% | 3.44% |
| 9 | APP AppLovin Corporation NDXSPXAI | 452.73 | 39.33 | $138.41B | 0.00% | 70.20% | - | 24.84% | 609.87% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 72.80M | 79.41M | 85.67M | 112.33M | 118.83M | 120.99M | 159.92M | 164.20M | 160.66M | 139.35M | 216.11M | 219.81M | 279.97M | 301.09M | 315.32M | 376.96M | 394.77M | 382.80M | 464.25M | 493.27M | 491.25M | 584.55M | 628.02M | 616.02M | 694.04M | 739.43M | 846.79M | 688.86M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 142.84M | 150.98M | 162.15M | 163.09M | 181.97M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 473.18M | 543.06M | 577.28M | 683.70M | 506.89M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 418.73M | 426.28M | 416.06M | 426.82M | 440.24M |
| Operating Income | 9.19M | 3.40M | 15.03M | 15.05M | 1.94M | 19.69M | 18.41M | 9.93M | 26.16M | 22.26M | 5.67M | 31.95M | 21.93M | 10.77M | -15.77M | 42.78M | 7.78M | 61.95M | 80.45M | -17.05M | 1.74M | 28.80M | -23.31M | 41.67M | 37.68M | 28.66M | 94.72M | 108.48M | 54.45M | 116.78M | 161.22M | 256.87M | 66.65M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100.13M | 143.48M | 194.35M | 288.83M | 110.76M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 376.00K | - | - | - | 373.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75.77M | 133.20M | 179.52M | 270.27M | 78.96M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.09M | 43.07M | 63.97M | 83.32M | 38.96M |
| Net Income | 4.61M | -1.04M | 7.60M | 3.64M | 4.91M | 18.85M | 10.23M | 9.07M | 19.34M | 20.29M | 10.15M | 27.80M | 19.42M | 24.06M | 25.11M | 41.25M | 22.64M | 47.70M | 59.38M | -14.60M | -19.07M | 15.87M | 9.33M | 32.94M | 39.35M | 31.66M | 85.03M | 94.16M | 50.68M | 90.13M | 115.55M | 186.95M | 40.00M |
| Diluted EPS | 0.10 | -4.45 | 0.15 | 0.06 | 0.11 | 0.43 | 0.23 | 0.20 | 0.43 | 0.44 | 0.21 | 0.58 | 0.40 | 0.50 | 0.05 | 0.08 | 0.05 | 0.10 | 0.12 | -0.03 | -0.04 | 0.03 | 0.02 | 0.07 | 0.08 | 0.06 | 0.17 | 0.19 | 0.10 | 0.18 | 0.23 | 0.39 | 0.08 |
| R&D Expense | 3.41M | 4.64M | 5.76M | 7.29M | 10.46M | 12.13M | 13.18M | 17.70M | 19.48M | 22.62M | 25.31M | 29.45M | 29.18M | 36.79M | 40.06M | 41.08M | 53.92M | 53.54M | 55.85M | 72.00M | 83.48M | 79.92M | 93.71M | 98.31M | 117.77M | 107.69M | 110.03M | 117.70M | 132.40M | 134.25M | 127.89M | - | 142.72M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | 202.93M | 308.22M | 477.29M | 661.06M | 836.03M | - | 1.58B | 1.95B | 2.44B | 2.90B |
| Cost of Revenue | - | - | - | - | - | - | - | - | 281.12M | 365.60M | 472.01M | 619.07M |
| Gross Profit | - | - | - | - | - | - | - | - | 1.30B | 1.58B | 1.97B | 2.28B |
| Operating Expenses | - | - | - | - | - | - | - | - | 1.18B | 1.38B | 1.55B | 1.69B |
| Operating Income | 764.00K | 37.98M | 57.52M | 69.36M | 107.32M | 112.20M | 144.21M | - | 113.65M | 200.48M | 427.17M | 589.32M |
| EBITDA | - | - | - | - | - | - | - | - | 168.08M | 280.90M | 514.66M | 705.11M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | 127.37M | 268.00M | 507.30M | 658.75M |
| Tax Provision | - | - | - | - | - | - | - | - | 73.98M | 89.06M | 114.23M | 215.45M |
| Net Income | 5.00K | 15.93M | 20.48M | 50.80M | 88.14M | 108.32M | 242.32M | - | 53.38M | 178.94M | 393.08M | 443.30M |
| Diluted EPS | - | 0.39 | -1.46 | 1.15 | 1.92 | 0.23 | 0.49 | - | 0.11 | 0.36 | 0.78 | 0.90 |
| R&D Expense | 7.25M | 12.82M | 27.31M | 52.81M | 83.89M | 116.75M | 166.65M | 226.14M | 319.88M | 411.79M | 463.32M | 525.14M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 210.23M | 537.60M | 797.16M | 1.12B | 1.73B | 2.75B | - | 4.38B | 4.89B | 6.11B | 6.15B |
| Current Assets | - | - | - | - | - | - | - | - | - | 3.85B | 4.31B | 5.34B | 5.26B |
| Cash & Equivalents | 6.37M | 17.32M | 4.05M | 133.40M | 155.95M | 207.23M | 130.88M | 437.35M | - | 1.03B | 895.13M | 1.37B | 658.17M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | 2.35B | 2.87B | 3.33B | 3.77B |
| Total Liabilities | - | - | 171.88M | 373.22M | 551.58M | 723.30M | 1.12B | 1.74B | - | 2.27B | 2.72B | 3.16B | 3.67B |
| Current Liabilities | - | - | 118.90M | 344.14M | 518.53M | 713.99M | 930.37M | 1.47B | - | 2.03B | 2.51B | 2.87B | 3.27B |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | 260.96M | 235.89M | 312.21M | 436.33M |
| Total Equity | -5.69M | -6.13M | 14.14M | 164.38M | 245.58M | 394.57M | 612.52M | 1.01B | - | 2.12B | 2.16B | 2.95B | 2.48B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | 490.47M | 488.92M | 496.10M | 475.92M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | 75.03M | 31.22M | 86.60M | 60.20M | 405.07M | - | 548.73M | 598.32M | 739.46M | 992.72M |
| Investing Cash Flow | - | - | -9.22M | -16.06M | -25.19M | -163.84M | -143.27M | - | -304.37M | -107.59M | -157.51M | -292.63M |
| Financing Cash Flow | - | - | 63.54M | 7.39M | -10.13M | 27.28M | 44.68M | - | 31.99M | -626.11M | -107.61M | -1.41B |
| Capital Expenditure | -832.00K | -5.13M | -6.88M | -10.11M | -19.80M | -35.69M | -74.06M | - | -91.89M | -55.02M | -107.06M | -209.76M |
| Free Cash Flow | - | - | 68.15M | 21.11M | 66.81M | 24.51M | 331.01M | - | 456.85M | 543.30M | 632.39M | 782.96M |
| Net Change in Cash | - | - | - | - | - | - | - | - | 276.35M | -135.38M | 474.33M | -711.29M |
| Share Buybacks | - | - | - | - | - | - | - | 0 | 0 | 646.60M | 234.78M | 1.38B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 82.2% | 81.2% | 80.7% | 78.6% |
| Operating Margin % | - | - | 28.3% | 22.5% | 22.5% | 17.0% | 17.2% | - | 7.2% | 10.3% | 17.5% | 20.3% |
| Net Margin % | - | - | 10.1% | 16.5% | 18.5% | 16.4% | 29.0% | - | 3.4% | 9.2% | 16.1% | 15.3% |
| ROE % | -0.1% | 112.6% | 12.5% | 20.7% | 22.3% | 17.7% | 23.9% | - | 2.5% | 8.3% | 13.3% | 17.8% |
| ROCE % | - | 41.6% | 29.7% | 24.9% | 26.6% | 14.1% | 11.3% | - | 4.8% | 8.4% | 13.2% | 20.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | State Street Corporation | 10.52% | 44.93M | $864.74M |
| 2 | Blackrock Inc. | 8.79% | 37.52M | $722.10M |
| 3 | Vanguard Capital Management LLC | 6.71% | 28.65M | $551.28M |
| 4 | Vanguard Portfolio Management LLC | 5.26% | 22.44M | $431.92M |
| 5 | Two Sigma Investments, LP | 3.32% | 14.16M | $272.53M |
| 6 | Geode Capital Management, LLC | 3.28% | 13.99M | $269.21M |
| 7 | Morgan Stanley | 2.05% | 8.77M | $168.73M |
| 8 | Goldman Sachs Group Inc | 2.04% | 8.73M | $167.98M |
| 9 | Invesco Ltd. | 1.96% | 8.38M | $161.26M |
| 10 | Federated Hermes, Inc. | 1.79% | 7.63M | $146.81M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for TTD
TTD Stock Sinks Overnight On Weak Outlook, But CEO Feels ‘Best Days Are Ahead’ - Stocktwits
<a href="https://news.google.com/rss/articles/CBMi1gFBVV95cUxPSVdDaWZwUzhFYzZrRTAtUmxhcFdtUmhLQ2VTZURjOENxaFJxN2duNmQxZDloT01oVm9RdktmU3JKLUNRNzhYS09hd3dDMjFzVWd0NVg1YnF0Y0N6VG1mRHBuTzlIREwwWnV1UHpRWm9wdnlTM3dlNUU1UThUZkhTR2FVZ0xkRGlGUVZBS0…
The Trade Desk (TTD) Stock Sinks As Market Gains: What You Should Know - Yahoo Finance
<a href="https://news.google.com/rss/articles/CBMilgFBVV95cUxNd1VYZlk3UjZNVzVwdktqZzE0Rm5aRW5JS29jWWozWDh3T016RVd1ay1hX1VsMFRxOWhmbDN5czFReXBuR1YtMDFfelk3UEpINm1kRzkxUVJHT09QbXJ3NHlUM094VlVQUVZBRHFQOXoxdEhSRnZOVC04bHgyVlV3blFYTGlWUmEtcGoyUE…
Retail media leader Kristi Argyilan set to join The Trade Desk July 27 - Stock Titan
<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxQQ2JTRy1BQ3V5TEc4MFlLaDdtTnhMY0Vkb1VFYnZ0d1RSdk1mN21uS08xUzVnc2RhYW1NZ08tQTcyVjhhTWwyRXp5S25wOTlOOUktX3JOTmlBRDhwV3E3cjQ5dE1DUGdrQUFJM3h2azlyNTQ5UWdwNUdQbE1ILVRvdGEtNW1mUm4tVG9ET3…
1 of Wall Street’s Favorite Stocks with Promising Prospects and 2 We Find Risky - StockStory
<a href="https://news.google.com/rss/articles/CBMi1gFBVV95cUxNTW01Y2lZZ25KSlhtSTNWQnFlV3E0OVBnQkFzNkFLWkxJd1NLalk2eXkzMU5PRXd2Y19WdkZReWtYMmdqSFd5VUcyMjdyMFRRVGhjR3pZek43TkRlUGhDbWNmNzF1anhnM2lKNFE1YU42clJ4ejhVVm9HdzFGdDR6RW1jZUFYUU50dEFpc0…
The Trade Desk Stock Is Down 47% This Year. Here’s What Has to Be True for It to Come Back - TIKR.com
<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxOaFlNbG5wcDkteldhUTROM3lfdjBsZFRQOWRZMkRrdjEwNUx2RXlmei04aE9ydV90LUQ3SkxLOVh1NW11RnVPa1ZBUFJMXzFnaHZOd1NjNUR6WDFqSUJfZmE5MUdTZENIeXNQNEFUQXRBZWk2aHZ2M2FfS1dnaTJzV2QyczdyanJkMjFlTk…
TTD Stock Could Be The Next Short Squeeze: S3 Partners - Stocktwits
<a href="https://news.google.com/rss/articles/CBMiuAFBVV95cUxPRGJWRVBoM21rdDZpX2VGOXpwZ2FSVHh3dk1Kb2xlelhXZk5CY01hX3IxcnN4SjkzcjR2bnBHV29TNkU0TnFUczN3bnVCelhyQ1JSMUY5ZUh1WXlKcmgyMHREalMzbzNvWWRzN0ZBLVFxRlBxalAwWTdnUWRmenYtSlJ4ZlQ2TFJra0ZsN1…
TTD — Frequently Asked Questions
What is the current share price of The Trade Desk, Inc. (TTD)?
As of 2026-07-15 16:51 PDT, The Trade Desk, Inc. (TTD) trades at $19.37 on NasdaqGM. Its 52-week range is $17.33 to $89.76.
What is the market capitalisation of TTD?
The Trade Desk, Inc. (TTD) has a market capitalisation of $8.27B on NasdaqGM.
What is the P/E ratio of TTD?
TTD trades at a trailing price-to-earnings (P/E) ratio of 22.01. The industry average P/E is 22.47. Its price-to-book (P/B) ratio is 3.70.
What is the return on equity (ROE) of TTD?
TTD has a return on equity (ROE) of 16.74%. Its return on capital employed (ROCE) is 20.41%.
Is TTD a good stock to buy?
This page provides a data-driven analysis of The Trade Desk, Inc. (TTD), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.