Zacks Investment Research·1 day ago
The Trade Desk (TTD) Exceeds Market Returns: Some Facts to ConsiderIn the most recent trading session, The Trade Desk (TTD) closed at $19.31, indicating a +1.1% shift from the previous trading day.
The Trade Desk, Inc.(TTD)Earnings, Financials & Key Ratios
TTD•NASDAQ
$19.18
21.1× P/E·Price updated Jul 7, 2026
AboutTrade Desk, Inc. operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV. It also provides data and other value-added services. The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.Show more
- Revenue$2.9B+18.5%
- EBITDA$705M+37.0%
- Net Income$443M+12.8%
- EPS (Diluted)0.91+16.7%
- Gross Margin78.63%-2.6%
- EBITDA Margin24.35%+15.6%
- Operating Margin20.35%+16.5%
- Net Margin15.31%-4.8%
- ROE16.32%+6.1%
TTD Price & Volume
The Trade Desk, Inc. (TTD) stock price & volume — 10-year historical chart
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Programmatic Growth Deceleration Challenges Premium Valuation Multiples
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Moderate
Financial:Fortress
Cash Flow:Robust
Primary Risk:Regulatory and competitive disintermediation
Key Thesis Takeaways
- The Trade Desk faces a transition from hyper-growth to a more mature phase, evidenced by revenue growth slowing to 11.8% in 2026Q1 from 28.3% in 2024Q1.
- While the company maintains a fortress balance sheet with a conservative 0.17 debt-to-equity ratio, investors should monitor the persistent impact of $109 million in quarterly stock-based compensation on equity quality.
- Future performance remains tethered to the company's ability to defend its take-rate against emerging retail media networks while managing the inherent volatility of programmatic advertising cycles.
Verdict Logic
while the company maintains a strong liquidity position with a 1.68 current ratio, the deceleration of revenue growth to 11.8% and the persistent $109 million quarterly stock-based compensation expense warrant a cautious valuation approach.
TTD Growth Metrics
The Trade Desk, Inc. (TTD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years38.22%
5 Years28.21%
3 Years22.44%
TTM15.55%
Profit CAGR
10 Years39.46%
5 Years12.84%
3 Years102.5%
TTM4.98%
EPS CAGR
10 Years52.7%
5 Years13.18%
3 Years102.25%
TTM8.54%
Return on Capital
10 Years19.04%
5 Years11.32%
3 Years14.31%
Last Year19.24%
TTD Recent Earnings
The Trade Desk, Inc. (TTD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.08-8.4%
$0.09
Rev
$689M+1.5%
$679M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.39+15.1%
$0.34
Rev
$847M+0.7%
$841M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.45+123.9%
$0.20
Rev
$739M+2.8%
$719M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.18+1.4%
$0.18
Rev
$694M+1.3%
$685M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.08vs $0.09-8.4% | $689Mvs $679M+1.5% |
| Q1 2026 | Feb 25, 2026 | $0.39vs $0.34+15.1% | $847Mvs $841M+0.7% |
| Q4 2025 | Nov 6, 2025 | $0.45vs $0.20+123.9% | $739Mvs $719M+2.8% |
| Q3 2025 | Aug 7, 2025 | $0.18vs $0.18+1.4% | $694Mvs $685M+1.3% |
Based on last 12 quarters of dataView full earnings history →
Latest TTD News
Recent stock market news and headlines for The Trade Desk, Inc. (TTD)
Zacks Investment Research·Jun 30, 2026
The Trade Desk (TTD) Stock Drops Despite Market Gains: Important Facts to NoteThe Trade Desk (TTD) reached $18.08 at the closing of the latest trading day, reflecting a -3.06% change compared to its last close.
The Motley Fool·Jun 30, 2026
Why The Trade Desk Stock Tumbled on TuesdayThat analyst put the stock firmly in the sell category. He believes its price could fall by nearly 40%.
GuruFocus·Jun 30, 2026
Why Trade Desk Stock Tumbling TodayThe Trade Desk (TTD) shares fell 4% in premarket trading Tuesday after Arete Research downgraded the digital advertising technology company to Sell from Neutral
GuruFocus·Jun 30, 2026
Arete Sees Trade Desk Losing Share as It Shifts Business ModelsTrade Desk (TTD) fell 4.08% intraday after Arete downgraded the advertising technology company to Sell from Neutral, setting a price target of $11.60. The stock
Peers Comparison
Key metrics vs top competitors for The Trade Desk, Inc. (TTD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $19.18 | $9.02B | 21.08 | 18.47% | 15.31% | 16.32% | — | |
| $20.52 | $2.94B | 21.60 | 6.85% | 21.96% | 18.57% | — | |
| $10.34 | $1.74B | 44.96 | 11.75% | 7.91% | 4.43% | — | |
| $11.44 | $1.76B | 38.13 | 13.92% | 7.16% | 5% | — | |
| $23.16 | $1.16B | 8.74 | 0.6% | 6.01% | 9.9% | — | |
| $13.32 | $622.09M | -42.97 | -2.86% | -6.21% | -6.98% | — |
Compare TTD vs Peers
The Trade Desk, Inc. (TTD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TTD SEC Filings & Documents
The Trade Desk, Inc. (TTD) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 8, 2026·SEC
Material company update
May 8, 2026·SEC
Material company update
May 7, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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TTD Frequently Asked Questions
The Trade Desk, Inc. (TTD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is The Trade Desk, Inc.'s revenue?
The Trade Desk, Inc. (TTD) reported $2.97B in revenue for fiscal year 2025. This represents a 6565% increase from $44.5M in 2014.
How fast is The Trade Desk, Inc. growing?
The Trade Desk, Inc. (TTD) grew revenue by 18.5% over the past year. This is strong growth.
Is TTD profitable?
Yes, The Trade Desk, Inc. (TTD) is profitable, generating $432.6M in net income for fiscal year 2025 (15.3% net margin).
Dividend & Returns
What is TTD's return on equity?
The Trade Desk, Inc. (TTD) has a return on equity (ROE) of 16.3%. This is reasonable for most industries.
What is The Trade Desk, Inc.'s free cash flow?
The Trade Desk, Inc. (TTD) generated $836.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.