Trade Desk (TTD) Gross Margin (2015 - 2026)
Trade Desk (TTD) posted Gross Margin of 73.58% for Q1 2026, down 8.86% sequentially from 80.74% in Q4 2025, and down 323.0% YoY from 33.0% in Q1 2025.
Trade Desk (TTD) Gross Margin (2015 - 2026) Analysis & Trends
Trade Desk has reported Gross Margin for 12 years, with the latest figure at 73.58% in Q1 2026.
- Quarterly Gross Margin fell 323.0% year-over-year to 73.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 77.83% (down 227.0% YoY) and the FY2025 annual result came in at 78.63%, down 207.0% from the prior year.
- Gross Margin slipped to 73.58% in Q1 2026 per TTD's latest filing, from 80.74% in the prior quarter.
- Over five years, Gross Margin peaked at 83.78% in Q4 2022 and troughed at 73.58% in Q1 2026.
- A 5-year average of 80.07% and a median of 80.74% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2026: Gross Margin surged 271 bps in 2022, then tumbled 323 bps in 2026.
- Over 5 years, Gross Margin stood at 83.78% in 2022, then slipped by 0 bps to 83.38% in 2023, then declined by 2 bps to 81.75% in 2024, then declined by 1 bps to 80.74% in 2025, then slipped by 9 bps to 73.58% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 73.58%, 80.74%, and 78.07% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn | 88.26% |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn | 19.78% |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn | 74.22% |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn | 67.83% |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn | 34.24% |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 83.24% |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn | 84.06% |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn | 55.21% |
| 10 | Quinstreet | 1.17 Bn | 1.06 Bn | 41.34 Mn | 11.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 74.22% |
| Mar 31, 2026 | 73.58% |
| Dec 31, 2025 | 80.74% |
| Sep 30, 2025 | 78.07% |
| Jun 30, 2025 | 78.25% |
| Mar 31, 2025 | 76.81% |
| Dec 31, 2024 | 81.75% |
| Sep 30, 2024 | 80.47% |
| Jun 30, 2024 | 81.10% |
| Mar 31, 2024 | 78.90% |
| Dec 31, 2023 | 83.38% |
| Sep 30, 2023 | 81.07% |
| Jun 30, 2023 | 81.33% |
| Mar 31, 2023 | 77.83% |
| Dec 31, 2022 | 83.78% |
| Sep 30, 2022 | 82.24% |
| Jun 30, 2022 | 82.10% |
| Mar 31, 2022 | 79.74% |
| Dec 31, 2021 | 83.10% |
| Sep 30, 2021 | 82.26% |