TTD Profit Margins - Trade Desk, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	14.21%	9.01%
2026-03-31	—	9.68%	5.81%
2025-12-31	—	30.33%	22.08%
2025-09-30	—	21.80%	15.63%
2025-06-30	—	16.83%	12.99%
2025-03-31	—	8.84%	8.23%
2024-12-31	—	26.36%	24.59%
2024-09-30	—	17.27%	14.99%
2024-06-30	—	16.20%	14.55%
2024-03-31	—	5.83%	6.44%
2023-12-31	—	23.84%	16.07%
2023-09-30	—	7.64%	7.98%
2023-06-30	—	8.98%	7.10%
2023-03-31	—	-6.09%	2.44%
2022-12-31	—	20.41%	14.51%
2022-09-30	—	7.30%	4.02%
2022-06-30	—	0.46%	-5.06%
2022-03-31	—	-5.41%	-4.63%
2021-12-31	—	-6.41%	2.03%
2021-09-30	—	26.72%	19.72%
2021-06-30	—	22.13%	17.04%
2021-03-31	—	3.54%	10.30%
2020-12-31	—	33.27%	47.48%
2020-09-30	—	19.80%	19.09%
2020-06-30	—	-11.32%	18.02%
2020-03-31	—	6.70%	14.97%
2019-12-31	—	24.38%	23.59%
2019-09-30	—	13.35%	11.83%
2019-06-30	—	19.98%	17.38%
2019-03-31	—	4.69%	8.39%
2018-12-31	—	30.52%	24.57%
2018-09-30	—	18.74%	17.08%
2018-06-30	—	23.29%	17.22%
2018-03-31	—	11.59%	10.59%
2017-12-31	—	28.56%	16.38%
2017-09-30	—	23.18%	12.88%
2017-06-30	—	27.05%	25.89%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	20.35%	15.31%
2024-12-31	—	17.47%	16.08%
2023-12-31	—	10.30%	9.19%
2022-12-31	—	7.20%	3.38%
2021-12-31	—	10.43%	11.51%
2020-12-31	—	17.25%	28.98%
2019-12-31	—	16.97%	16.39%
2018-12-31	—	22.49%	18.47%
2017-12-31	—	22.50%	16.48%
2016-12-31	—	28.34%	10.09%