Trade Desk (TTD) Operating Margin (2015 - 2026)
Trade Desk (TTD) posted Operating Margin of 9.68% for Q1 2026, down 68.11% sequentially from 30.33% in Q4 2025, and up 84.0% YoY from 5.26% in Q1 2025.
Trade Desk (TTD) Operating Margin (2015 - 2026) Analysis & Trends
Trade Desk has reported Operating Margin for 12 years, with the latest figure at 9.68% in Q1 2026.
- Quarterly Operating Margin rose 84.0% year-over-year to 9.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.26% (up 263.0% YoY) and the FY2025 annual result came in at 20.35%, up 288.0% from the prior year.
- Operating Margin declined to 9.68% in Q1 2026 per TTD's latest filing, from 30.33% in the prior quarter.
- Over five years, Operating Margin peaked at 30.33% in Q4 2025 and troughed at 6.09% in Q1 2023.
- A 5-year average of 12.37% and a median of 9.68% in 2026 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 2682 bps in 2022, down 2166 bps in 2022.
- Over 5 years, Operating Margin stood at 20.41% in 2022, then gained by 17 bps to 23.84% in 2023, then increased by 11 bps to 26.36% in 2024, then increased by 15 bps to 30.33% in 2025, then slumped by 68 bps to 9.68% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 9.68%, 30.33%, and 21.8% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn | 77.68% |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn | 14.06% |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn | 14.21% |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn | 16.19% |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn | 1.47% |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 11.88% |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn | -15.60% |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn | 20.33% |
| 10 | Quinstreet | 1.17 Bn | 1.06 Bn | 41.34 Mn | 2.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.21% |
| Mar 31, 2026 | 9.68% |
| Dec 31, 2025 | 30.33% |
| Sep 30, 2025 | 21.80% |
| Jun 30, 2025 | 16.83% |
| Mar 31, 2025 | 8.84% |
| Dec 31, 2024 | 26.36% |
| Sep 30, 2024 | 17.27% |
| Jun 30, 2024 | 16.20% |
| Mar 31, 2024 | 5.83% |
| Dec 31, 2023 | 23.84% |
| Sep 30, 2023 | 7.64% |
| Jun 30, 2023 | 8.98% |
| Mar 31, 2023 | -6.09% |
| Dec 31, 2022 | 20.41% |
| Sep 30, 2022 | 7.30% |
| Jun 30, 2022 | 0.46% |
| Mar 31, 2022 | -5.41% |
| Dec 31, 2021 | -6.41% |
| Sep 30, 2021 | 26.72% |