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Trade Desk, Inc. income statement

In fiscal 2025, Trade Desk, Inc. reported revenue of $2.90bn, up 18.5% on the year before, operating income of $589m (a 20.3% margin) and net income of $443m, or $0.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue2033084776618361,1961,5781,9462,4452,8962,990
Cost of revenue4066114156179222281366472619692
Gross profit1632423635056579751,2971,5811,9732,2772,299
Research and development275384117167226320412463525542
Selling and marketing466187133175249338448547644677
General and administrative325885143172375525520536518493
Operating income5869107112144125114200427589586
Interest expense322———42222
Net interest income—−2051−113697969—
Income before tax4464106116144122127268507659642
Income tax2313188−98−167489114215235
Net income20518810824213853179393443407
Diluted EPS−$0.15$0.12$0.19$0.23$0.49$0.28$0.11$0.36$0.78$0.90$0.85
Diluted shares (average)183m441m458m478m490m499m500m500m502m494m481m
EBITDA6177119134173167168281515705713

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Trade Desk, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Trade Desk, Inc.