Filing Flows › Trade Desk (TTD) › Q1 2026 › vs Q1 2025
Trade Desk (TTD) Q1 2026 vs Q1 2025 (year over year)
Trade Desk's revenue rose $72.8M (+12%) from $616M in Q1 2025 to $689M in Q1 2026. Operating margin 9.7% against 8.8% (+0.8 pts).
Trade Desk, Q1 2026: revenue $689M (+12% year over year), operating margin 9.7%, net earnings $40.0M, operating cash flow $392M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 9.7% | 8.8% | +0.8 pts |
| Net margin | 5.8% | 8.2% | -2.4 pts |
| Free cash flow margin | 40.5% | 37.7% | +2.8 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $689M | $616M | $72.8M | +12% |
| Other income, net | $12.3M | $21.3M | −$9.0M | -42% |
| Operating profit | $66.6M | $54.5M | $12.2M | +22% |
| Costs & expenses | $622M | $562M | $60.6M | +11% |
| Pre-tax earnings | $79.0M | $75.8M | $3.2M | +4% |
| Cost of revenue | $182M | $143M | $39.1M | +27% |
| Research & development | $143M | $132M | $10.3M | +8% |
| Sales & marketing | $172M | $153M | $19.4M | +13% |
| General & admin | $125M | $134M | −$8.2M | -6% |
| Net earnings | $40.0M | $50.7M | −$10.7M | -21% |
| Income tax | $39.0M | $25.1M | $13.9M | +55% |
| Depreciation & amortization | $31.4M | $24.0M | $7.4M | +31% |
| Share-based compensation | $109M | $128M | −$19.2M | -15% |
| Working capital & other | $211M | $88.5M | $123M | +139% |
| Operating cash flow | $392M | $291M | $100M | +34% |
| Free cash flow (OCF − capex) | $279M | $232M | $46.7M | +20% |
| Capital expenditures | $113M | $59.1M | $53.6M | +91% |
Questions
How much did Trade Desk's revenue grow year over year in Q1 2026?
Trade Desk's revenue rose $72.8M (+12%) from $616M in Q1 2025 to $689M in Q1 2026. Operating margin 9.7% against 8.8% (+0.8 pts).