Stocks Technology TTD
NASDAQ · TechnologyTrade Desk, Inc. (TTD)
Trade Desk, Inc. brought in $3B of revenue over the twelve months to September 30, 2026, up 7.0% from a year earlier. Net income was $329.4M, a net margin of 11.0%. Operating cash flow minus capital spending left $795.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $1.2B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Trade Desk, Inc.
- Net worth
- Trade Desk, Inc. has a market value (market cap) of $7.2B at the latest share price, and shareholders' equity of $2.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.9B (+18.5% year on year), with net income of $443.3M. Over the 12 months to September 30, 2026: revenue $3B, net income $329.4M.
- Cash flow
- In fiscal 2025 operations brought in $992.7M of cash; after $197M of capital spending, free cash flow was $795.7M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Trade Desk, Inc.'s next report is expected around January 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Trade Desk, Inc. does
Trade Desk, Inc. is registered with the SEC under industry code SIC 7370 (Services-Computer Programming, Data Processing, Etc.). Its shares trade on NASDAQ under the ticker TTD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.9B | $443.3M | $0.90 | $795.7M |
| 2024 | $2.4B | $393.1M | $0.78 | $641.2M |
| 2023 | $1.9B | $178.9M | $0.36 | $551.5M |
| 2022 | $1.6B | $53.4M | $0.11 | $464.6M |
| 2021 | $1.2B | $137.8M | $0.28 | $323.7M |
| 2020 | $836M | $242.3M | $0.49 | $331M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where TTD ranks in Technology
Latest SEC filings
What Trade Desk, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue was flat at $736M versus the same quarter last year; diluted EPS $0.08 versus $0.23.
- November 9, 2026
- October 30, 2026Passive stake (5% or more) SCHEDULE 13G
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 20, 2026
- October 8, 2026Additional proxy material DEFA14A
- October 5, 2026Passive stake changed SCHEDULE 13G/A
- September 18, 2026Proxy statement DEF 14A
- September 15, 2026
- September 8, 2026Preliminary proxy statement PRE 14A
What is TTD worth? A DCF from its reported cash flow
Insider trades
What the people running Trade Desk, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 16 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 14, 2026 | Olmstead NathanChief Financial Officer | Received as pay | 398,262 | - |
| September 14, 2026 | Grant Jay RChief Legal Officer | Received as pay | 398,262 | - |
| September 14, 2026 | Kundra VivekChief Operating Officer | Received as pay | 724,112 | - |
| September 14, 2026 | Davis Tahnil R.Chief Accounting Officer & EVP | Received as pay | 217,233 | - |
| August 15, 2026 | Green Jeffrey TerryPresident and CEO, Director, 10% owner | Gave as a gift | 52,910 | - |
| August 15, 2026 | Green Jeffrey TerryPresident and CEO, Director, 10% owner | Gave as a giftindirect | 52,910 | - |
| August 15, 2026 | Grant Jay RChief Legal Officer | Shares withheld for tax | 2,652 | $37.5K |
| August 15, 2026 | Grant Jay RChief Legal Officer | Shares withheld for tax | 2,076 | $29.4K |
Who owns TTD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Jeffrey T. Green13G, passive | 11.3% | May 15, 2026 |
| Vanguard Capital Management13G, passive | 7.62% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 684 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 32,668,268 | -4,853,328 |
| State Street Corp | 31,285,823 | -13,647,546 |
| Vanguard Capital Management LLC | 27,899,665 | -745,588 |
| Vanguard Portfolio Management LLC | 19,380,271 | -3,062,889 |
| Two Sigma Investments, LP | 17,050,857 | +2,889,536 |
| Geode Capital Management, LLC | 16,134,883 | +2,146,155 |
| Invesco Ltd. | 13,759,436 | +5,380,249 |
| Goldman Sachs Group Inc | 13,467,553 | +4,739,259 |
| Alyeska Investment Group, L.P. | 11,119,709 | +5,490,854 |
| Federated Hermes, Inc. | 10,877,783 | +3,249,348 |
| Morgan Stanley | 9,849,697 | +1,082,137 |
| Jericho Capital Asset Management L.P. | 9,395,296 | new |
| D. E. Shaw & Co., Inc. | 8,048,898 | +3,269,527 |
| Renaissance Technologies LLC | 7,022,341 | +1,581,800 |
| Amundi | 6,473,979 | +3,417,674 |
| Voloridge Investment Management, LLC | 6,273,209 | +744,038 |
| Bnp Paribas Financial Markets | 5,962,576 | +1,824,982 |
| Bank of America Corp | 5,622,962 | +1,074,068 |
| Assenagon Asset Management S.A. | 5,182,722 | +1,963,676 |
| Citigroup Inc | 4,930,647 | +18,364 |
Insiders
11 insiders reported holding 3,579,937 shares in total, about $55.2M at the last price.
| Holder | Shares |
|---|---|
| Kundra VivekChief Operating Officer | 958,192 |
| Grant Jay RChief Legal Officer | 732,728 |
| Green Jeffrey TerryPresident and CEO, Director, 10% owner | 687,646137,548 held indirectly |
| Olmstead NathanChief Financial Officer | 644,324 |
| Davis Tahnil R.Chief Accounting Officer & EVP | 459,941 |
| Haddad David AlanDirector | 25,013 |
| Vollero AndrewDirector | 24,524 |
| Tawakol OmarDirector | 19,038 |
| Jacobson SamanthaDirector | 13,099 |
| Cunningham Andrea LeeDirector | 12,982 |
Questions about TTD
What does Trade Desk, Inc. do?
Trade Desk, Inc. is a company in the Technology sector, listed on NASDAQ as TTD. Its shares trade on NASDAQ under the ticker TTD.
What is Trade Desk, Inc.'s net worth?
Trade Desk, Inc. has a market value (market cap) of $7.2B at the latest share price, and shareholders' equity of $2.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Trade Desk, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $329.4M on revenue of $3B, a net margin of 11.0%.
How much revenue does Trade Desk, Inc. make?
Over the twelve months to September 30, 2026 Trade Desk, Inc. reported revenue of $3B. That is 7.0% more than a year earlier.
When did Trade Desk, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Trade Desk, Inc.'s next earnings report?
Trade Desk, Inc.'s next report is expected around January 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Trade Desk, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.