Trade Desk (TTD) Net Margin (2015 - 2026)
Trade Desk's Net Margin came in at 9.01% for Q2 2026, down 3.98 percentage points from 12.99% a year earlier but up 3.20 percentage points from the prior quarter.
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Analysis
Trade Desk (TTD) Net Margin (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Trade Desk reported Net Margin of 13.61%, down 1.96 percentage points year-over-year; for FY2025, it was 15.31%, down 0.77 percentage points from FY2024.
- Net Margin carries a five-year change of -13.68 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 16.08% in FY2024 (+6.88 pp), 9.19% in FY2023 (+5.81 pp), 3.38% in FY2022 (-8.13 pp) and 11.51% in FY2021 (-17.47 pp).
- The five-year range for quarterly Net Margin is -5.06% (Q2 2022) to 24.59% (Q4 2024).
- Year-over-year, Net Margin has declined for three consecutive quarters, with an average year-over-year change of +0.94 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q4 2022 (a gain of 12.47 percentage points), and the weakest in Q4 2021 (a drop of 45.45 percentage points).
- Business Quant data shows TTD's Net Margin at 5.81% (Q1 2026), 22.08% (Q4 2025) and 15.63% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,051.87 Bn | 3,809.40 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,786.85 Bn | 1,489.37 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 272.91 Bn | 233.11 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 240.46 Bn | 54.23 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 226.17 Bn | 203.35 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 137.31 Bn | 109.11 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 120.61 Bn | 53.66 Bn | - | 26.52% |
| 8 | PDD Holdings | 109.37 Bn | -134.40 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 106.67 Bn | 64.17 Bn | 1.86 Bn | 11.41% |
| 10 | Trade Desk | 5.84 Bn | 203.03 Mn | 530.72 Mn | 9.01% |
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% |
API Access
Trade Desk Net 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=net-margin&ticker=TTD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TTD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();