Trade Desk (TTD) Gross Margin (2015 - 2026)
Trade Desk (TTD) posted Gross Margin of 74.22% for Q2 2026, down 4.02 percentage points from 78.25% a year earlier but up 0.64 percentage points from the prior quarter.
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Analysis
Trade Desk (TTD) Gross Margin (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Trade Desk was 76.87%, down 2.53 percentage points year-over-year; for FY2025, it was 78.63%, down 2.07 percentage points from FY2024.
- Annual Gross Margin has declined for three consecutive years, though with a five-year change of +0.01 percentage points (FY2020 to FY2025).
- In prior years, Trade Desk's Gross Margin was 80.69% in FY2024 (-0.52 pp), 81.21% in FY2023 (-0.97 pp), 82.18% in FY2022 (+0.70 pp) and 81.48% in FY2021 (+2.87 pp).
- Quarterly Gross Margin has run from a low of 73.58% in Q1 2026 to a high of 83.78% in Q4 2022 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last nine quarters, with an average year-over-year change of -2.23 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2021, with a gain of 3.01 percentage points; the weakest was Q2 2026, with a drop of 4.02 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 73.58% (Q1 2026), 80.74% (Q4 2025) and 78.07% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | - |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn | 33.41% |
| 10 | Trade Desk | 5.92 Bn | 282.65 Mn | 530.72 Mn | 74.22% |
Historic Data
Download Data
Historic 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% |
API Access
Trade Desk Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TTD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TTD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TTD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();