Filing Flows › Technology › Trade Desk (TTD)
Trade Desk (TTD) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Trade Desk (TTD) Q2 2026 earnings results →
Q2 2026 Revenue up 3% year over year to $715M · 9¢ of every $1 of revenue kept as net profit · operating margin 14.2%
Trade Desk made $715M in Q2 2026 (+3% Y/Y). Operating margin 14.2%, net earnings $64.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $715.1M in Q2 2026, up 3% year over year and up 4% from the previous quarter.
Operating profit was $101.6M, a 14.2% margin (down 2.6 points year over year). Operating profit fell $15.2M even though revenue rose $21.0M versus Q2 2025, so costs grew faster than sales. Total costs grew 6% against revenue growth of 3%. The fastest-growing cost line was Cost of revenue (+22%). Net earnings were $64.4M, down 29% year over year. The effective tax rate was 43.1%.
Operating cash flow was $153.6M (down 7% year over year), 239% of net earnings. Non-cash charges added back $30.1M of depreciation and amortization and $109.6M of share-based compensation. Working capital and other items used $50.5M. Capital expenditures of $13.2M left free cash flow of $140.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $715M | +3% | 14.2% | $64.4M | $154M |
| Q1 2026 | 10-Q | May 7, 2026 | $689M | +12% | 9.7% | $40.0M | $392M |
| Q4 2025 | 10-K | Feb 27, 2026 | $847M | +14% | 30.3% | $187M | $312M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $739M | +18% | 21.8% | $116M | $225M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $694M | +19% | 16.8% | $90.1M | $165M |
| Q1 2025 | 10-Q | May 8, 2025 | $616M | +25% | 8.8% | $50.7M | $291M |
| Q4 2024 | 10-K | Feb 21, 2025 | $741M | +22% | 26.4% | $182M | $199M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Trade Desk
We are a global leader in advertising technology. We empower ad buyers to create, manage and optimize digital advertising campaigns across ad formats, channels and devices. Our platform’s depth, artificial intelligence (“AI”) capabilities and rich ecosystem of inventory, publisher and data partner integrations enable superior reach and decisioning for clients. In addition to the primary capabilities provided by our self-service platform, our enterprise application programming interfaces (“APIs”) equip our clients with the ability to customize and expand platform functionality.
In its own words, from its 10-K, filed Feb 27, 2026.
Trade Desk against its Services-Computer Programming, Data Processing, Etc. peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +14%. Operating margin: 14.2% against the peers' median 19.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TTD Trade Desk | Q2 2026 | $715M | +3% | 14.2% |
| GOOGL Alphabet | Q3 2026 | $127.6B | +25% | 31.8% |
| META Meta Platforms | Q3 2026 | $64.6B | +26% | 20.1% |
| SPCX Space Exploration Technologies | Q3 2026 | $14.6B | +161% | 19.1% |
| FLUT Flutter Entertainment | Q3 2026 | $3.9B | +2% | -30.7% |
| APP AppLovin | Q3 2026 | $2.2B | +56% | 78.2% |
| SNAP Snap | Q3 2026 | $1.7B | +14% | 4.5% |
| ZM Zoom Communications | Q2 FY27 | $1.3B | +5% | 24.6% |
| PINS Pinterest | Q3 2026 | $1.2B | +12% | 2.6% |
Source: Trade Desk 10-Q on SEC EDGAR · CIK 1671933 · Services-Computer Programming, Data Processing, Etc.
Guidance and outlook
13F: who owns TTD and who is buying
More on TTD
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results