The Trade Desk, Inc. (TTD)

The Trade Desk Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,570	2,445	1,946	1,578	1,196	836.03
Revenue Growth (YoY)	25.07%	25.63%	23.34%	31.87%	43.11%	26.47%
Cost of Revenue	511.22	472.01	365.6	281.12	221.55	178.81
Gross Profit	2,058	1,973	1,581	1,297	974.91	657.22
Selling, General & Admin	1,117	1,082	968.25	863.14	623.96	346.36
Research & Development	488.04	463.32	411.79	319.88	226.14	166.65
Operating Expenses	1,605	1,546	1,380	1,183	850.1	513.01
Operating Income	452.96	427.17	200.48	113.65	124.82	144.21
Interest Expense	-1.52	-1.51	-1.66	-4.01	-1.03	-
Interest & Investment Income	83.83	80.36	70.16	16.77	-	0.66
Currency Exchange Gain (Loss)	1.76	1.29	-0.99	0.96	-1.75	-0.96
Pretax Income	537.04	507.3	268	127.37	122.04	143.9
Income Tax Expense	124.94	114.23	89.06	73.99	-15.73	-98.41
Net Income	412.09	393.08	178.94	53.39	137.76	242.32
Net Income to Common	412.09	393.08	178.94	53.39	137.76	242.32
Net Income Growth	104.74%	119.67%	235.19%	-61.25%	-43.15%	123.71%
Shares Outstanding (Basic)	492	491	489	487	477	463
Shares Outstanding (Diluted)	503	502	500	500	499	490
Shares Change (YoY)	0.67%	0.35%	0.05%	0.28%	1.77%	2.47%
EPS (Basic)	0.84	0.80	0.37	0.11	0.29	0.52
EPS (Diluted)	0.82	0.78	0.36	0.11	0.28	0.49
EPS Growth	104.63%	116.67%	228.37%	-60.85%	-42.86%	113.04%
Free Cash Flow	695.29	641.22	551.53	464.57	323.71	331.01
Free Cash Flow Per Share	1.38	1.28	1.10	0.93	0.65	0.68
Gross Margin	80.11%	80.69%	81.21%	82.18%	81.48%	78.61%
Operating Margin	17.63%	17.47%	10.30%	7.20%	10.43%	17.25%
Profit Margin	16.04%	16.08%	9.20%	3.38%	11.51%	28.98%
Free Cash Flow Margin	27.06%	26.23%	28.34%	29.45%	27.05%	39.59%
EBITDA	526.7	498.66	266.9	161.08	162.04	166.84
EBITDA Margin	20.50%	20.40%	13.71%	10.21%	13.54%	19.96%
D&A For EBITDA	73.73	71.49	66.42	47.43	37.22	22.63
EBIT	452.96	427.17	200.48	113.65	124.82	144.21
EBIT Margin	17.63%	17.47%	10.30%	7.20%	10.43%	17.25%
Effective Tax Rate	23.27%	22.52%	33.23%	58.09%	-	-

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q