Trade Desk (TTD) Cost of Revenue (2015 - 2026)
Trade Desk's (TTD) quarterly Cost of Revenue came in at $184.3 million in Q2 2026, up 22.09% year-over-year from $151.0 million in Q2 2025, and up 1.3% quarter-over-quarter from $182.0 million in Q1 2026.
Analysis
Trade Desk (TTD) Cost of Revenue (2015 - 2026) Analysis & Trends
Trade Desk has disclosed Cost of Revenue across 12 years of filings, most recently posting $184.3 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 22.09% year-over-year to $184.3 million; the TTM figure through Jun 2026 stood at $691.6 million (up 25.34% YoY), while the FY2025 annual figure was $619.1 million, up 31.15% from the prior year.
- Cost of Revenue came in at $184.3 million for Q2 2026 at Trade Desk, up from $182.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $184.3 million in Q2 2026 to a low of $63.9 million in Q1 2022.
- Average Cost of Revenue over 5 years is $116.9 million, with a median of $107.0 million recorded in 2024.
- Year-over-year, Cost of Revenue grew 19.11% in 2022 and soared 37.84% in 2025.
- Over 5 years, Cost of Revenue stood at $79.6 million in 2022, then grew by 26.47% to $100.7 million in 2023, then surged by 34.33% to $135.3 million in 2024, then rose by 20.57% to $163.1 million in 2025, then climbed by 13.02% to $184.3 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $184.3 million in Q2 2026, $182.0 million in Q1 2026, and $163.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,988.57 Bn | 3,559.53 Bn | 73.85 Bn | 45.94 Bn |
| 2 | AppLovin | 102.43 Bn | 99.38 Bn | 1.70 Bn | 225.80 Mn |
| 3 | Trade Desk | 6.51 Bn | 5.03 Bn | 530.72 Mn | 184.33 Mn |
| 4 | Magnite | 3.38 Bn | 3.05 Bn | 130.79 Mn | 62.04 Mn |
| 5 | DoubleVerify Holdings | 2.06 Bn | 1.85 Bn | 161.31 Mn | 32.48 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Taboola.com | 1.03 Bn | 897.53 Mn | 139.48 Mn | 337.35 Mn |
| 8 | Quinstreet | 1.02 Bn | 890.87 Mn | 49.81 Mn | 324.07 Mn |
| 9 | Ibotta | 916.56 Mn | 768.39 Mn | 69.72 Mn | 19.19 Mn |
| 10 | Mntn | 867.15 Mn | 629.87 Mn | 66.30 Mn | 16.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 184.33 Mn |
| Mar 31, 2026 | 181.97 Mn |
| Dec 31, 2025 | 163.09 Mn |
| Sep 30, 2025 | 162.15 Mn |
| Jun 30, 2025 | 150.98 Mn |
| Mar 31, 2025 | 142.84 Mn |
| Dec 31, 2024 | 135.27 Mn |
| Sep 30, 2024 | 122.66 Mn |
| Jun 30, 2024 | 110.46 Mn |
| Mar 31, 2024 | 103.63 Mn |
| Dec 31, 2023 | 100.70 Mn |
| Sep 30, 2023 | 93.38 Mn |
| Jun 30, 2023 | 86.65 Mn |
| Mar 31, 2023 | 84.87 Mn |
| Dec 31, 2022 | 79.62 Mn |
| Sep 30, 2022 | 70.12 Mn |
| Jun 30, 2022 | 67.49 Mn |
| Mar 31, 2022 | 63.89 Mn |
| Dec 31, 2021 | 66.85 Mn |
| Sep 30, 2021 | 53.40 Mn |