Filing Flows › Trade Desk (TTD) › Q3 2026 › vs Q2 2026
Trade Desk (TTD) Q3 2026 vs Q2 2026 (quarter over quarter)
Trade Desk's revenue rose $20.9M (+3%) from $715M in Q2 2026 to $736M in Q3 2026. Operating margin 12.6% against 14.2% (-1.6 pts).
Trade Desk, Q3 2026: revenue $736M (-0.5% year over year), operating margin 12.6%, net earnings $38.0M, operating cash flow $258M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.6% | 14.2% | -1.6 pts |
| Net margin | 5.2% | 9.0% | -3.8 pts |
| Free cash flow margin | 21.4% | 19.6% | +1.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $736M | $715M | $20.9M | +3% |
| Other income, net | $13.8M | $11.5M | $2.3M | +20% |
| Operating profit | $92.6M | $102M | −$9.0M | -9% |
| Costs & expenses | $643M | $613M | $29.9M | +5% |
| Pre-tax earnings | $106M | $113M | −$6.6M | -6% |
| Cost of revenue | $200M | $184M | $15.8M | +9% |
| Research & development | $147M | $141M | $6.5M | +5% |
| Sales & marketing | $171M | $174M | −$3.6M | -2% |
| General & admin | $125M | $114M | $11.1M | +10% |
| Net earnings | $38.0M | $64.4M | −$26.3M | -41% |
| Income tax | $68.4M | $48.7M | $19.7M | +40% |
| Depreciation & amortization | $32.9M | $30.1M | $2.8M | +9% |
| Share-based compensation | $95.1M | $110M | −$14.5M | -13% |
| Working capital & other | $92.2M | −$50.5M | $143M | — |
| Operating cash flow | $258M | $154M | $105M | +68% |
| Free cash flow (OCF − capex) | $157M | $140M | $17.1M | +12% |
| Capital expenditures | $101M | $13.2M | $87.6M | +662% |
Questions
How much did Trade Desk's revenue grow quarter over quarter in Q3 2026?
Trade Desk's revenue rose $20.9M (+3%) from $715M in Q2 2026 to $736M in Q3 2026. Operating margin 12.6% against 14.2% (-1.6 pts).