Trade Desk (TTD) Net Margin (2015 - 2026)
Trade Desk's (TTD) quarterly Net Margin came in at 9.01% in Q2 2026, down 398.0% year-over-year from 3.02% in Q2 2025, and up 55.1% quarter-over-quarter from 5.81% in Q1 2026.
Analysis
Trade Desk (TTD) Net Margin (2015 - 2026) Analysis & Trends
Trade Desk has disclosed Net Margin across 12 years of filings, most recently posting 9.01% for Q2 2026.
- In Q2 2026, Net Margin fell 398.0% year-over-year to 9.01%; the TTM figure through Jun 2026 stood at 13.61% (down 196.0% YoY), while the FY2025 annual figure was 15.31%, down 77.0% from the prior year.
- Net Margin came in at 9.01% for Q2 2026 at Trade Desk, up from 5.81% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 24.59% in Q4 2024 to a low of 5.06% in Q2 2022.
- Average Net Margin over 5 years is 9.82%, with a median of 8.62% recorded in 2026.
- The largest YoY upside for Net Margin was 1247 bps in 2022 against a maximum downside of 2210 bps in 2022.
- Over 5 years, Net Margin stood at 14.51% in 2022, then climbed by 11 bps to 16.07% in 2023, then surged by 53 bps to 24.59% in 2024, then declined by 10 bps to 22.08% in 2025, then sank by 59 bps to 9.01% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 9.01% in Q2 2026, 5.81% in Q1 2026, and 22.08% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,988.57 Bn | 3,559.53 Bn | 73.85 Bn | 93.58% |
| 2 | AppLovin | 102.43 Bn | 99.38 Bn | 1.70 Bn | 65.84% |
| 3 | Trade Desk | 6.51 Bn | 5.03 Bn | 530.72 Mn | 9.01% |
| 4 | Magnite | 3.38 Bn | 3.05 Bn | 130.79 Mn | 10.03% |
| 5 | DoubleVerify Holdings | 2.06 Bn | 1.85 Bn | 161.31 Mn | 6.66% |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Taboola.com | 1.03 Bn | 897.53 Mn | 139.48 Mn | 0.91% |
| 8 | Quinstreet | 1.02 Bn | 890.87 Mn | 49.81 Mn | 5.11% |
| 9 | Ibotta | 916.56 Mn | 768.39 Mn | 69.72 Mn | -1.39% |
| 10 | Mntn | 867.15 Mn | 629.87 Mn | 66.30 Mn | 8.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.01% |
| Mar 31, 2026 | 5.81% |
| Dec 31, 2025 | 22.08% |
| Sep 30, 2025 | 15.63% |
| Jun 30, 2025 | 12.99% |
| Mar 31, 2025 | 8.23% |
| Dec 31, 2024 | 24.59% |
| Sep 30, 2024 | 14.99% |
| Jun 30, 2024 | 14.55% |
| Mar 31, 2024 | 6.44% |
| Dec 31, 2023 | 16.07% |
| Sep 30, 2023 | 7.98% |
| Jun 30, 2023 | 7.10% |
| Mar 31, 2023 | 2.44% |
| Dec 31, 2022 | 14.51% |
| Sep 30, 2022 | 4.02% |
| Jun 30, 2022 | -5.06% |
| Mar 31, 2022 | -4.63% |
| Dec 31, 2021 | 2.03% |
| Sep 30, 2021 | 19.72% |