The Trade Desk, Inc. (TTD) Free cash flow
- Free cash flow · 12 months (USD): Value $863.05M; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value 28.86%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $863.05M | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $1.08B − $218.63M ≈ $863.05M |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | 28.86% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $863.05M ÷ $2.99B × 100 ≈ 28.86% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $1.08B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 2.66× | Operating cash flow / net income. Period ending 2026-06-30. $1.08B ÷ $406.89M ≈ 2.66× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 1.08B USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | 218.63M USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | 863.05M USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 2.99B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | |
| Net income | 406.89M USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $863.05M | (m) | $1.08B | $218.63M | (m) | $2.99B | (m) | $406.89M | (m) | (m) | 28.86% | 2.66× |
| 2026-03-31 | $842.45M | (m) | $1.09B | $250.64M | (m) | $2.97B | (m) | $432.62M | (m) | (m) | 28.37% | 2.53× |
| 2025-12-31 | $795.71M | (m) | $992.72M | $197.01M | (m) | $2.90B | (m) | $443.30M | (m) | (m) | 27.47% | 2.24× |
| 2025-09-30 | $689.65M | (m) | $880.53M | $190.88M | (m) | $2.79B | (m) | $438.58M | (m) | (m) | 24.71% | 2.01× |
| 2025-06-30 | $755.92M | (m) | $929.17M | $173.25M | (m) | $2.68B | (m) | $417.19M | (m) | (m) | 28.22% | 2.23× |
| 2025-03-31 | $695.29M | (m) | $845.42M | $150.13M | (m) | $2.57B | (m) | $412.09M | (m) | (m) | 27.06% | 2.05× |
| 2024-12-31 | $641.22M | (m) | $739.46M | $98.24M | (m) | $2.44B | (m) | $393.08M | (m) | (m) | 26.23% | 1.88× |
| 2024-09-30 | $527.93M | (m) | $631.17M | $103.24M | (m) | $2.31B | (m) | $308.17M | (m) | (m) | 22.86% | 2.05× |
| 2024-06-30 | $489.82M | (m) | $549.39M | $59.57M | (m) | $2.17B | (m) | $253.36M | (m) | (m) | 22.52% | 2.17× |
| 2024-03-31 | $551.36M | (m) | $596.22M | $44.86M | (m) | $2.05B | (m) | $201.27M | (m) | (m) | 26.84% | 2.96× |
| 2023-12-31 | $551.53M | (m) | $598.32M | $46.79M | (m) | $1.95B | (m) | $178.94M | (m) | (m) | 28.34% | 3.34× |
| 2023-09-30 | $611.32M | (m) | $680.68M | $69.36M | (m) | $1.83B | (m) | $152.80M | (m) | (m) | 33.39% | 4.45× |
| 2023-06-30 | $538.26M | (m) | $626.44M | $88.17M | (m) | $1.73B | (m) | $129.32M | (m) | (m) | 31.07% | 4.84× |
| 2023-03-31 | $505.20M | (m) | $590.12M | $84.92M | (m) | $1.65B | (m) | $77.31M | (m) | (m) | 30.71% | 7.63× |
| 2022-12-31 | $464.57M | (m) | $548.73M | $84.16M | (m) | $1.58B | (m) | $53.38M | (m) | (m) | 29.44% | 10.28× |
| 2022-09-30 | $491.37M | (m) | $538.65M | $47.28M | (m) | $1.48B | (m) | $-9.76M | (m) | (m) | 33.14% | -55.17× |
| 2022-06-30 | $482.18M | (m) | $531.03M | $48.85M | (m) | $1.39B | (m) | $33.75M | (m) | (m) | 34.72% | 15.73× |
| 2022-03-31 | $399.55M | (m) | $449.63M | $50.09M | (m) | $1.29B | (m) | $100.52M | (m) | (m) | 30.93% | 4.47× |
| 2021-12-31 | $323.71M | (m) | $378.51M | $54.80M | (m) | $1.20B | (m) | $137.76M | (m) | (m) | 27.06% | 2.75× |
| 2021-09-30 | $322.42M | (m) | $382.68M | $60.26M | (m) | $1.12B | (m) | $281.63M | (m) | (m) | 28.77% | 1.36× |
| 2021-06-30 | $286.54M | (m) | $341.38M | $54.84M | (m) | $1.04B | (m) | $263.49M | (m) | (m) | 27.66% | 1.30× |
| 2021-03-31 | $358.49M | (m) | $427.36M | $68.87M | (m) | $895.18M | (m) | $240.90M | (m) | (m) | 40.05% | 1.77× |
| 2020-12-31 | $331.01M | (m) | $405.07M | $74.06M | (m) | $836.03M | (m) | $242.32M | (m) | (m) | 39.59% | 1.67× |
| 2020-09-30 | $137.65M | (m) | $209.40M | $71.75M | (m) | $732.07M | (m) | $141.36M | (m) | (m) | 18.80% | 1.48× |
| 2020-06-30 | $109.01M | (m) | $165.42M | $56.41M | (m) | $680.16M | (m) | $119.53M | (m) | (m) | 16.03% | 1.38× |
| 2020-03-31 | $55.28M | (m) | $103.20M | $47.92M | (m) | $700.73M | (m) | $122.22M | (m) | (m) | 7.89% | 0.84× |
| 2019-12-31 | $24.51M | (m) | $60.20M | $35.69M | (m) | $661.06M | (m) | $108.32M | (m) | (m) | 3.71% | 0.56× |
| 2019-09-30 | $105.26M | (m) | $136.33M | $31.07M | (m) | $605.58M | (m) | $96.81M | (m) | (m) | 17.38% | 1.41× |
| 2019-06-30 | $64.79M | (m) | $95.00M | $30.21M | (m) | $560.20M | (m) | $97.68M | (m) | (m) | 11.57% | 0.97× |
| 2019-03-31 | $60.42M | (m) | $84.51M | $24.08M | (m) | $512.61M | (m) | $89.22M | (m) | (m) | 11.79% | 0.95× |
| 2018-12-31 | $66.81M | (m) | $86.60M | $19.80M | (m) | $477.29M | (m) | $88.14M | (m) | (m) | 14.00% | 0.98× |
| 2018-09-30 | $50.60M | (m) | $62.74M | $12.14M | (m) | (m) | (m) | $65.52M | (m) | (m) | (m) | 0.96× |
| 2018-06-30 | $45.62M | (m) | $55.60M | $9.99M | (m) | (m) | (m) | $55.45M | (m) | (m) | (m) | 1.00× |
| 2018-03-31 | $57.47M | (m) | $65.77M | $8.31M | (m) | (m) | (m) | $54.96M | (m) | (m) | (m) | 1.20× |
| 2017-12-31 | $21.11M | (m) | $31.22M | $10.11M | (m) | (m) | (m) | $50.80M | (m) | (m) | (m) | 0.61× |
| 2017-09-30 | $31.35M | (m) | $43.08M | $11.72M | (m) | (m) | (m) | $44.27M | (m) | (m) | (m) | 0.97× |
| 2017-06-30 | $28.86M | (m) | $40.41M | $11.55M | (m) | (m) | (m) | $37.68M | (m) | (m) | (m) | 1.07× |
| 2017-03-31 | $25.30M | (m) | $35.41M | $10.10M | (m) | (m) | (m) | $26.43M | (m) | (m) | (m) | 1.34× |
| 2016-12-31 | $68.15M | (m) | $75.03M | $6.88M | (m) | (m) | (m) | $20.48M | (m) | (m) | (m) | 3.66× |
| 2016-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | $-41.69M | (m) | $-36.56M | $5.13M | (m) | (m) | (m) | $15.93M | (m) | (m) | (m) | -2.30× |
| 2015-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | $-15.68M | (m) | $-14.85M | $832.00K | (m) | (m) | (m) | $5.00K | (m) | (m) | (m) | -2969.00× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.