Spendscape
Companies · adtech platform

The Trade Desk

Sell sideTTD

The Trade Desk brought in $2.90B of revenue in fiscal 2025, growing 28% a year over five years at a 20% operating margin.

$2.90Brevenue, FY2025
+28%growth a year, 5 years
20%operating margin

Revenue, by quarter

2023Q3: $493M2023Q4: $606M2024Q1: $491M2024 Q12024Q2: $585M2024Q3: $628M2024Q4: $741M2025Q1: $616M2025 Q12025Q2: $694M2025Q3: $739M2025Q4: $847M2026Q1: $689M2026 Q12026Q2: $715M2026 Q2

From each 10-Q and 10-K; fourth quarters are the full year minus nine months.

Revenue and margin

2016: $203M2017: $308M172018: $477M2019: $661M192020: $836M2021: $1.20B212022: $1.58B2023: $1.95B232024: $2.44B2025: $2.90B2520.3%

Bars: revenue, $B (10-K). Line: operating margin.

What they told investors

“In the current state of the market, both buyers and sellers agree that measurement is broken.”Jeffrey Terry Green · 2026 Q1 · transcript
“Now to discuss the state of the state on the buy side, most of today’s leaders in marketing for the biggest brands are looking at this moment as an opportunity to upgrade their entire marketing operation.”Jeffrey Terry Green · 2026 Q1 · transcript
“I have never seen the biggest brands in the world more focused on growth than they are right now.”Jeffrey Terry Green · 2026 Q1 · transcript
“I look to a world where advertising dollars go to the open Internet first and are avoiding systems that are easy and simply grade their own homework.”Jeff Green · 2025 Q3 · transcript
“We have an additional 80 JBPs in the pipeline right now worth billions of dollars in total.”Jeff Green · 2025 Q3 · transcript

Peers

AppLovinCriteoTaboolaMagnitePerion NetworkPubMaticCardlytics