Trade Desk (TTD) Operating Expenses (2015 - 2026)
Trade Desk's (TTD) quarterly Operating Expenses came in at $613.5 million in Q2 2026, up 6.27% year-over-year from $577.3 million in Q2 2025, and down 1.4% quarter-over-quarter from $622.2 million in Q1 2026.
Analysis
Trade Desk (TTD) Operating Expenses (2015 - 2026) Analysis & Trends
Trade Desk has disclosed Operating Expenses across 12 years of filings, most recently posting $613.5 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 6.27% year-over-year to $613.5 million; the TTM figure through Jun 2026 stood at $2.4 billion (up 9.06% YoY), while the FY2025 annual figure was $2.3 billion, up 14.34% from the prior year.
- Operating Expenses came in at $613.5 million for Q2 2026 at Trade Desk, down from $622.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $622.2 million in Q1 2026 to a low of $332.4 million in Q1 2022.
- Average Operating Expenses over 5 years is $487.2 million, with a median of $476.2 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 72.1% in 2022 against a maximum downside of 7.22% in 2022.
- Over 5 years, Operating Expenses stood at $390.6 million in 2022, then advanced by 18.12% to $461.4 million in 2023, then grew by 18.28% to $545.7 million in 2024, then climbed by 8.1% to $589.9 million in 2025, then increased by 3.99% to $613.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $613.5 million in Q2 2026, $622.2 million in Q1 2026, and $589.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,015.60 Bn | 3,586.56 Bn | 73.85 Bn | 79.03 Bn |
| 2 | AppLovin | 105.55 Bn | 102.50 Bn | 1.70 Bn | 429.41 Mn |
| 3 | Trade Desk | 6.54 Bn | 5.05 Bn | 530.72 Mn | 613.48 Mn |
| 4 | Magnite | 3.37 Bn | 3.04 Bn | 130.79 Mn | 161.60 Mn |
| 5 | DoubleVerify Holdings | 2.06 Bn | 1.85 Bn | 161.31 Mn | 75.23 Mn |
| 6 | Digital Turbine | 1.37 Bn | 1.33 Bn | - | - |
| 7 | Taboola.com | 1.04 Bn | 903.09 Mn | 139.48 Mn | 132.22 Mn |
| 8 | Quinstreet | 1.03 Bn | 904.30 Mn | 49.81 Mn | 21.08 Mn |
| 9 | Ibotta | 929.95 Mn | 781.77 Mn | 69.72 Mn | 71.60 Mn |
| 10 | Mntn | 865.30 Mn | 628.02 Mn | 66.30 Mn | 59.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 613.48 Mn |
| Mar 31, 2026 | 622.21 Mn |
| Dec 31, 2025 | 589.92 Mn |
| Sep 30, 2025 | 578.21 Mn |
| Jun 30, 2025 | 577.26 Mn |
| Mar 31, 2025 | 561.57 Mn |
| Dec 31, 2024 | 545.70 Mn |
| Sep 30, 2024 | 519.54 Mn |
| Jun 30, 2024 | 489.83 Mn |
| Mar 31, 2024 | 462.60 Mn |
| Dec 31, 2023 | 461.36 Mn |
| Sep 30, 2023 | 455.59 Mn |
| Jun 30, 2023 | 422.58 Mn |
| Mar 31, 2023 | 406.11 Mn |
| Dec 31, 2022 | 390.58 Mn |
| Sep 30, 2022 | 365.97 Mn |
| Jun 30, 2022 | 375.22 Mn |
| Mar 31, 2022 | 332.38 Mn |
| Dec 31, 2021 | 420.96 Mn |
| Sep 30, 2021 | 220.65 Mn |