Filing Flows › Trade Desk (TTD) › Q3 2026
Trade Desk (TTD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Trade Desk (TTD) reported revenue of $736M for the third quarter 2026 (Q3 2026), -0.5% from a year earlier and +3% from the quarter before. Operating margin was 12.6%, net earnings $38.0M (5.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $736M | +3% | -0.5% |
| Operating profit | $92.6M | -9% | -43% |
| Net earnings | $38.0M | -41% | -67% |
| Operating cash flow | $258M | +68% | +15% |
| Free cash flow | $157M | +12% | -0.5% |
What changed
Revenue was $736.0M in Q3 2026, roughly flat year over year and up 3% from the previous quarter.
Operating profit was $92.6M, a 12.6% margin (down 9.2 points year over year). Total costs grew 11% against flat revenue. The fastest-growing cost line was Cost of revenue (+23%). Net earnings were $38.0M, down 67% year over year. The effective tax rate was 64.3%.
Operating cash flow was $258.3M (up 15% year over year), 679% of net earnings. Non-cash charges added back $32.9M of depreciation and amortization and $95.1M of share-based compensation. Working capital and other items added $92.2M. Capital expenditures of $100.8M left free cash flow of $157.5M.
Questions
What was Trade Desk's revenue in the third quarter 2026?
Trade Desk (TTD) reported revenue of $736M for the third quarter 2026 (Q3 2026), -0.5% from a year earlier and +3% from the quarter before.
Was Trade Desk profitable in the third quarter 2026?
Operating profit was $92.6M (12.6% of revenue) and net earnings $38.0M.
Source: Trade Desk 10-Q on SEC EDGAR.