Trade Desk (TTD) Operating Margin (2015 - 2026)
Trade Desk's Operating Margin was 14.21% in Q2 2026, down 2.62 percentage points from 16.83% a year earlier but up 4.53 percentage points from the prior quarter.
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Analysis
Trade Desk (TTD) Operating Margin (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Trade Desk's Operating Margin was 19.61% through Jun 30, 2026, up 1.88 percentage points year-over-year; for FY2025, it came in at 20.35%, up 2.88 percentage points from FY2024.
- Operating Margin has now increased for three consecutive years, with a five-year change of +3.10 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 17.47% in FY2024 (+7.17 pp), 10.30% in FY2023 (+3.10 pp), 7.20% in FY2022 (-3.23 pp) and 10.43% in FY2021 (-6.82 pp).
- Quarterly Operating Margin has moved between -6.41% (Q4 2021) and 30.33% (Q4 2025) over five years.
- Compared with a year earlier, Operating Margin was higher in seven of the last eight quarters, with an average year-over-year change of +2.81 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2022 (a gain of 26.82 percentage points); the worst was Q4 2021 (a drop of 39.68 percentage points).
- Per Business Quant data, TTD's Operating Margin in the three quarters before Q2 2026 was 9.68% (Q1 2026), 30.33% (Q4 2025) and 21.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,071.44 Bn | 3,828.96 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,777.07 Bn | 1,479.59 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 272.74 Bn | 232.94 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 242.17 Bn | 55.95 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 225.98 Bn | 203.16 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 137.80 Bn | 109.60 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 121.57 Bn | 54.62 Bn | - | 34.00% |
| 8 | PDD Holdings | 110.14 Bn | -133.64 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 107.49 Bn | 64.99 Bn | 1.86 Bn | 13.71% |
| 10 | Trade Desk | 5.90 Bn | 261.57 Mn | 530.72 Mn | 14.21% |
Historic Data
Download Data
Historic 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% |
API Access
Trade Desk Operating 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=operating-margin&ticker=TTD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TTD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();