Filing Flows › Trade Desk (TTD) › Q1 2026
Trade Desk (TTD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Trade Desk (TTD) reported revenue of $689M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -19% from the quarter before. Operating margin was 9.7%, net earnings $40.0M (5.8% of revenue).
Trade Desk, Q1 2026: revenue $689M (+12% year over year), operating margin 9.7%, net earnings $40.0M, operating cash flow $392M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $689M | -19% | +12% |
| Operating profit | $66.6M | -74% | +22% |
| Net earnings | $40.0M | -79% | -21% |
| Operating cash flow | $392M | +26% | +34% |
| Free cash flow | $279M | -2% | +20% |
What changed
Revenue was $688.9M in Q1 2026, up 12% year over year and down 19% from the previous quarter.
Operating profit was $66.6M, a 9.7% margin (up 0.8 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, above the 9% margin then. Total costs grew 11% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+27%). Net earnings were $40.0M, down 21% year over year. The effective tax rate was 49.3%.
Operating cash flow was $391.8M (up 34% year over year), 980% of net earnings. Non-cash charges added back $31.4M of depreciation and amortization and $109.0M of share-based compensation. Working capital and other items added $211.3M. Capital expenditures of $112.7M left free cash flow of $279.1M.
Questions
What was Trade Desk's revenue in the first quarter 2026?
Trade Desk (TTD) reported revenue of $689M for the first quarter 2026 (Q1 2026), +12% from a year earlier and -19% from the quarter before.
Was Trade Desk profitable in the first quarter 2026?
Operating profit was $66.6M (9.7% of revenue) and net earnings $40.0M.
Source: Trade Desk 10-Q on SEC EDGAR.