Financials in USD. Standardized financial statements.
A compact view of how The Trade Desk, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.90B | $2.44B | $1.95B | $1.58B | $1.20B | $836.03M | $661.06M | $477.29M | $308.22M | $202.93M |
| Revenue Growth? | +18.5% | +25.6% | +23.3% | +31.9% | +43.1% | +26.5% | +38.5% | +54.9% | +51.9% | 0.0% |
| Cost of Revenue? | $619.07M | $472.01M | $365.60M | $281.12M | $221.55M | $178.81M | $156.18M | $114.10M | $66.23M | $39.88M |
| Gross Profit? | $2.28B | $1.97B | $1.58B | $1.30B | $974.91M | $657.22M | $504.88M | $363.20M | $241.99M | $163.05M |
| Gross Margin? | +78.6% | +80.7% | +81.2% | +82.2% | +81.5% | +78.6% | +76.4% | +76.1% | +78.5% | +80.3% |
| Operating Expenses? | $1.69B | $1.55B | $1.38B | $1.18B | $850.10M | $513.01M | $392.68M | $255.87M | $172.63M | $105.53M |
| Operating Income? | $589.32M | $427.17M | $200.48M | $113.65M | $124.82M | $144.21M | $112.20M | $107.32M | $69.36M | $57.52M |
| EBITDA? | $774.54M | $514.66M | $280.90M | $168.08M | $167.04M | $172.84M | $133.86M | $119.14M | $76.56M | $50.71M |
| Income Before Tax | $658.75M | $507.30M | $268.00M | $127.37M | $122.04M | $143.90M | $116.22M | $105.74M | $63.63M | $43.83M |
| Income Tax Expense | $215.45M | $114.23M | $89.06M | $73.98M | -$15.73M | -$98.41M | $7.90M | $17.60M | $12.83M | $23.35M |
| Net Income? | $443.30M | $393.08M | $178.94M | $53.38M | $137.76M | $242.32M | $108.32M | $88.14M | $50.80M | $20.48M |
| EPS? | $0.92 | $0.80 | $0.37 | $0.11 | $0.29 | $0.52 | $0.24 | $0.19 | $0.13 | $0.05 |
| Diluted EPS? | $0.91 | $0.78 | $0.36 | $0.11 | $0.28 | $0.49 | $0.23 | $0.19 | $0.12 | $0.05 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality