Trade Desk, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
TTD$14.93+15.5%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $2,896,284 | $2,444,831 | $1,946,120 |
| Operating expenses: | |||
| Platform operations | 619,067 | 472,012 | 365,598 |
| Sales and marketing | 644,300 | 546,517 | 447,970 |
| Technology and development | 525,141 | 463,319 | 411,794 |
| General and administrative | 518,455 | 535,816 | 520,278 |
| Total operating expenses | 2,306,963 | 2,017,664 | 1,745,640 |
| Income from operations | 589,321 | 427,167 | 200,480 |
| Other expense (income): | |||
| Interest income, net | (68,717) | (78,842) | (68,508) |
| Foreign currency exchange loss (gain), net | (717) | (1,293) | 993 |
| Total other income, net | (69,434) | (80,135) | (67,515) |
| Income before income taxes | 658,755 | 507,302 | 267,995 |
| Provision for income taxes | 215,451 | 114,226 | 89,055 |
| Net income | $443,304 | $393,076 | $178,940 |
| Earnings per share: | |||
| Basic | $0.91 | $0.80 | $0.37 |
| Diluted | $0.90 | $0.78 | $0.36 |
| Weighted-average shares outstanding: | |||
| Basic | 488,278 | 490,879 | 489,261 |
| Diluted | 493,551 | 501,924 | 500,182 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.