Filing Flows › Trade Desk (TTD) › Q2 2026 › vs Q2 2025
Trade Desk (TTD) Q2 2026 vs Q2 2025 (year over year)
Trade Desk's revenue rose $21.0M (+3%) from $694M in Q2 2025 to $715M in Q2 2026. Operating margin 14.2% against 16.8% (-2.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.2% | 16.8% | -2.6 pts |
| Net margin | 9.0% | 13.0% | -4.0 pts |
| Free cash flow margin | 19.6% | 17.3% | +2.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $715M | $694M | $21.0M | +3% |
| Other income, net | $11.5M | $16.4M | −$4.9M | -30% |
| Operating profit | $102M | $117M | −$15.2M | -13% |
| Costs & expenses | $613M | $577M | $36.2M | +6% |
| Pre-tax earnings | $113M | $133M | −$20.1M | -15% |
| Cost of revenue | $184M | $151M | $33.4M | +22% |
| Research & development | $141M | $134M | $6.5M | +5% |
| Sales & marketing | $174M | $161M | $13.3M | +8% |
| General & admin | $114M | $131M | −$16.9M | -13% |
| Net earnings | $64.4M | $90.1M | −$25.7M | -29% |
| Income tax | $48.7M | $43.1M | $5.6M | +13% |
| Depreciation & amortization | $30.1M | $26.7M | $3.4M | +13% |
| Share-based compensation | $110M | $129M | −$19.3M | -15% |
| Working capital & other | $50.5M | $80.7M | −$30.2M | -37% |
| Operating cash flow | $154M | $165M | −$11.4M | -7% |
| Free cash flow (OCF − capex) | $140M | $120M | $20.6M | +17% |
| Capital expenditures | $13.2M | $45.2M | −$32.0M | -71% |
Questions
How much did Trade Desk's revenue grow year over year in Q2 2026?
Trade Desk's revenue rose $21.0M (+3%) from $694M in Q2 2025 to $715M in Q2 2026. Operating margin 14.2% against 16.8% (-2.6 pts).