Filing Flows › Trade Desk (TTD) › Q2 2026 › vs Q1 2026
Trade Desk (TTD) Q2 2026 vs Q1 2026 (quarter over quarter)
Trade Desk's revenue rose $26.2M (+4%) from $689M in Q1 2026 to $715M in Q2 2026. Operating margin 14.2% against 9.7% (+4.5 pts).
Trade Desk, Q2 2026: revenue $715M (+3% year over year), operating margin 14.2%, net earnings $64.4M, operating cash flow $154M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.2% | 9.7% | +4.5 pts |
| Net margin | 9.0% | 5.8% | +3.2 pts |
| Free cash flow margin | 19.6% | 40.5% | -20.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $715M | $689M | $26.2M | +4% |
| Other income, net | $11.5M | $12.3M | −$797K | -6% |
| Operating profit | $102M | $66.6M | $34.9M | +52% |
| Costs & expenses | $613M | $622M | −$8.7M | -1% |
| Pre-tax earnings | $113M | $79.0M | $34.1M | +43% |
| Cost of revenue | $184M | $182M | $2.4M | +1% |
| Research & development | $141M | $143M | −$2.0M | -1% |
| Sales & marketing | $174M | $172M | $2.2M | +1% |
| General & admin | $114M | $125M | −$11.3M | -9% |
| Net earnings | $64.4M | $40.0M | $24.4M | +61% |
| Income tax | $48.7M | $39.0M | $9.7M | +25% |
| Depreciation & amortization | $30.1M | $31.4M | −$1.3M | -4% |
| Share-based compensation | $110M | $109M | $510K | +0.5% |
| Working capital & other | $50.5M | −$211M | $262M | — |
| Operating cash flow | $154M | $392M | −$238M | -61% |
| Free cash flow (OCF − capex) | $140M | $279M | −$139M | -50% |
| Capital expenditures | $13.2M | $113M | −$99.5M | -88% |
Questions
How much did Trade Desk's revenue grow quarter over quarter in Q2 2026?
Trade Desk's revenue rose $26.2M (+4%) from $689M in Q1 2026 to $715M in Q2 2026. Operating margin 14.2% against 9.7% (+4.5 pts).