The Trade DeskTTDRevenue: is the business selling more than it used to?
$2.9B+18% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $2.9B in 2025, compounding +22% a year since 2022 though the pace has cooled. The last twelve months (+12%) ran below that pace, so growth is slowing. The trailing twelve months are already running at $3.0B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDNet income: how much of that revenue becomes profit?
$443M+13% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $443M in 2025, compounding +103% a year over three years. Trailing twelve-month profit stands at $407M.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDHow fast is it growing, year by year?
+18.5%revenue growth, FY 2025
Off the axis: 2015 earnings +318480.0% · 2023 earnings +235.2% - rebounds off a collapsed prior year.
→Revenue grew +18% in 2025 against a five-year average of +28%. Earnings grew more slowly (+13%), so costs are absorbing part of the growth. 2015's +318480% earnings rebound off a collapsed base and 2023's +235% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDRevenue per share: is your slice growing as fast as the company?
$5.87revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $5.87 in 2025, compounding +23% a year - in line with TTD's own +22%, so the share count is not distorting your slice. Free cash flow per share stands at $1.61.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDFree cash flow: what is left in real cash after everything?
$796M+24% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $796M in 2025, compounding +20% a year since 2022. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $863M.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→27 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is research and development, at 18% of revenue (stock compensation 17%, capital spending 7%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in 3 of the last 5 years, most recently +38% against +18%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin widened 13 points to 20% since 2022. After everything, 15 cents of each sales dollar reaches net profit. TTD doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 16% and ROCE of 20% sit close together, so the returns come from the business itself rather than from borrowing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDWhat has the market paid for TTD over time?
17.5xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 17.5x earnings, the market is paying 81% less than TTD's own 10-year median of 93.1x. Pessimism is priced in - the question is whether it is deserved. Today's multiple is the lowest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDWhat cash return does the business throw off per dollar of market value?
12.7%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 12.7% of annual free cash flow, more than its 10-year median of 1.6% - the cash is cheaper than usual.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDCould it handle its debt if things went wrong?
→Debt isn't clearly tagged in TTD's filings, so treat the balance sheet with extra care rather than assuming zero.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDIs the company's own capital growing?
→The company's own capital grew from $2.2B in 2023 to $2.6B (+19%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDHow much goes back, and how much leaks out as stock comp?
→Shareholders received $1.4B in buybacks in 2025. Stock compensation issued $491M of new shares in the same year, offsetting 36% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDHow fast is your ownership being diluted - or concentrated?
→The share count shrank 1.7% in 2025, averaging 0.4% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDDoes TTD earn more on its capital than that capital costs?
→TTD earns 20.4% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 4.8% in 2022, so the trend is up, and the pace is picking up.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDTTD has issued or retired shares - did shareholders end up better off?
→TTD issued +276% more shares from 2014 to 2025, but revenue per share still rose +429%. The dilution bought more growth than it cost existing holders.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
The Trade DeskTTDAre the people running it buying or selling?
→Insiders bought $148M and sold $6M on the open market, a net purchase of $142M. A further 56 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30