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Trade Desk, Inc. (TTD)
Price & fundamentals
Compound Annual Growth Rate(CAGR)
Historical valuation multiples
Ratio observations in the selected window
| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
Profit margins
Calculation inputs, filings & unavailable observations
Yield, cash conversion & capital returns
Calculation inputs, filings & unavailable observations
Price & growth-based reference
Annual change in the selected reference metric
YEAR-OVER-YEAR
Annual metric change
Change from the previous reported fiscal year
Annual data and sources
Show annual tables and sources
Trade Desk, Inc. (TTD) · Nasdaq · USD · Sector unavailable · SEC ID 0001671933
Annual coverage: 2014-12-31–2025-12-31 (12 periods). Data snapshot built 2026-10-09.
Tables include every stored fiscal period, even outside the selected chart range. Missing or unsupported values are marked “Unavailable,” not zero.
Earnings and per-share history
Annual EPS, cash flow and dividends
Per-share values are in USD; dividend yield is a percent.
Dividend-yield method and limitations
Revenue and debt per share
Revenue/share is annual revenue divided by average diluted shares. Debt/share is year-end borrowings divided by common shares; leases are excluded. Per-share values are in USD. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Calculation inputs & SEC filings |
|---|---|---|---|
| 2025-12-31 | 5.87 | Unavailable | Calculation inputs & SEC filings
|
| 2024-12-31 | 4.87 | Unavailable | Calculation inputs & SEC filings
|
| 2023-12-31 | 3.89 | Unavailable | Calculation inputs & SEC filings
|
| 2022-12-31 | 3.16 | Unavailable | Calculation inputs & SEC filings
|
| 2021-12-31 | 2.40 | Unavailable | Calculation inputs & SEC filings
|
| 2020-12-31 | 1.71 | Unavailable | Calculation inputs & SEC filings
|
| 2019-12-31 | 1.38 | Unavailable | Calculation inputs & SEC filings
|
| 2018-12-31 | 10.42 | Unavailable | Calculation inputs & SEC filings
|
| 2017-12-31 | 7.00 | Unavailable | Calculation inputs & SEC filings
|
| 2016-12-31 | 11.10 | Unavailable | Calculation inputs & SEC filings
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| 2015-12-31 | Unavailable | Unavailable | Calculation inputs & SEC filings
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| 2014-12-31 | Unavailable | Unavailable | Calculation inputs & SEC filings
|
Operating performance and returns
Revenue and profit margins
Operating margin is operating income divided by revenue; net margin is net income divided by revenue. Negative margins indicate a loss. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Calculation inputs & SEC filings |
|---|---|---|---|---|
| 2025-12-31 | 2,896,284,000.00 | 20.35 | 15.31 | Calculation inputs & SEC filings
Revenue (2026-02-27) · Operating income (2026-02-27) · Net income (2026-02-27) |
| 2024-12-31 | 2,444,831,000.00 | 17.47 | 16.08 | Calculation inputs & SEC filings
Revenue (2026-02-27) · Operating income (2026-02-27) · Net income (2026-02-27) |
| 2023-12-31 | 1,946,120,000.00 | 10.30 | 9.19 | Calculation inputs & SEC filings
Revenue (2026-02-27) · Operating income (2026-02-27) · Net income (2026-02-27) |
| 2022-12-31 | 1,577,795,000.00 | 7.20 | 3.38 | Calculation inputs & SEC filings
Revenue (2025-02-21) · Operating income (2025-02-21) · Net income (2025-02-21) |
| 2021-12-31 | 1,196,467,000.00 | 10.43 | 11.51 | Calculation inputs & SEC filings
Revenue (2024-02-15) · Operating income (2024-02-15) · Net income (2024-02-15) |
| 2020-12-31 | 836,033,000.00 | 17.25 | 28.98 | Calculation inputs & SEC filings
Revenue (2023-02-15) · Operating income (2023-02-15) · Net income (2023-02-15) |
| 2019-12-31 | 661,058,000.00 | 16.97 | 16.39 | Calculation inputs & SEC filings
Revenue (2022-02-16) · Operating income (2022-02-16) · Net income (2022-02-16) |
| 2018-12-31 | 477,294,000.00 | 22.49 | 18.47 | Calculation inputs & SEC filings
Revenue (2021-02-19) · Operating income (2021-02-19) · Net income (2021-02-19) |
| 2017-12-31 | 308,217,000.00 | 22.50 | 16.48 | Calculation inputs & SEC filings
Revenue (2020-02-28) · Operating income (2020-02-28) · Net income (2020-02-28) |
| 2016-12-31 | 202,926,000.00 | 28.34 | 10.09 | Calculation inputs & SEC filings
Revenue (2019-02-22) · Operating income (2019-02-22) · Net income (2019-02-22) |
| 2015-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2014-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
Cash generation and capital returns
FCF margin is free cash flow as a share of revenue. FCF / net income compares free cash flow with positive net income. ROCE divides operating income by average capital employed and requires positive opening and closing balances. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Calculation inputs & SEC filings |
|---|---|---|---|---|
| 2025-12-31 | 27.47 | 179.50 | 19.24 | Calculation inputs & SEC filings
Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27) · Revenue (2026-02-27) · Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27) · FCF / net income input 3 (2026-02-27) · Operating income (2026-02-27) · Total assets as of 2024-12-31 (2026-02-27) · Current liabilities as of 2024-12-31 (2026-02-27) · Total assets as of 2025-12-31 (2026-02-27) · Current liabilities as of 2025-12-31 (2026-02-27) |
| 2024-12-31 | 26.23 | 163.13 | 15.21 | Calculation inputs & SEC filings
Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27) · Revenue (2026-02-27) · Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27) · FCF / net income input 3 (2026-02-27) · Operating income (2026-02-27) · Total assets as of 2023-12-31 (2025-02-21) · Current liabilities as of 2023-12-31 (2025-02-21) · Total assets as of 2024-12-31 (2026-02-27) · Current liabilities as of 2024-12-31 (2026-02-27) |
| 2023-12-31 | 28.34 | 308.22 | 8.48 | Calculation inputs & SEC filings
Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27) · Revenue (2026-02-27) · Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27) · FCF / net income input 3 (2026-02-27) · Operating income (2026-02-27) · Total assets as of 2022-12-31 (2024-02-15) · Current liabilities as of 2022-12-31 (2024-02-15) · Total assets as of 2023-12-31 (2025-02-21) · Current liabilities as of 2023-12-31 (2025-02-21) |
| 2022-12-31 | 29.44 | 870.23 | 5.51 | Calculation inputs & SEC filings
Operating cash flow (2025-02-21) · Capital expenditure (2025-02-21) · Revenue (2025-02-21) · Operating cash flow (2025-02-21) · Capital expenditure (2025-02-21) · FCF / net income input 3 (2025-02-21) · Operating income (2025-02-21) · Total assets as of 2021-12-31 (2023-02-15) · Current liabilities as of 2021-12-31 (2023-02-15) · Total assets as of 2022-12-31 (2024-02-15) · Current liabilities as of 2022-12-31 (2024-02-15) |
| 2021-12-31 | 27.06 | 234.98 | 8.18 | Calculation inputs & SEC filings
Operating cash flow (2024-02-15) · Capital expenditure (2024-02-15) · Revenue (2024-02-15) · Operating cash flow (2024-02-15) · Capital expenditure (2024-02-15) · FCF / net income input 3 (2024-02-15) · Operating income (2024-02-15) · Total assets as of 2020-12-31 (2022-02-16) · Current liabilities as of 2020-12-31 (2022-02-16) · Total assets as of 2021-12-31 (2023-02-15) · Current liabilities as of 2021-12-31 (2023-02-15) |
| 2020-12-31 | 39.59 | 136.60 | 13.88 | Calculation inputs & SEC filings
Operating cash flow (2023-02-15) · Capital expenditure (2023-02-15) · Revenue (2023-02-15) · Operating cash flow (2023-02-15) · Capital expenditure (2023-02-15) · FCF / net income input 3 (2023-02-15) · Operating income (2023-02-15) · Total assets as of 2019-12-31 (2021-02-19) · Current liabilities as of 2019-12-31 (2021-02-19) · Total assets as of 2020-12-31 (2022-02-16) · Current liabilities as of 2020-12-31 (2022-02-16) |
| 2019-12-31 | 3.71 | 22.63 | 18.66 | Calculation inputs & SEC filings
Operating cash flow (2022-02-16) · Capital expenditure (2022-02-16) · Revenue (2022-02-16) · Operating cash flow (2022-02-16) · Capital expenditure (2022-02-16) · FCF / net income input 3 (2022-02-16) · Operating income (2022-02-16) · Total assets as of 2018-12-31 (2020-02-28) · Current liabilities as of 2018-12-31 (2020-02-28) · Total assets as of 2019-12-31 (2021-02-19) · Current liabilities as of 2019-12-31 (2021-02-19) |
| 2018-12-31 | 14.00 | 75.80 | 31.45 | Calculation inputs & SEC filings
Operating cash flow (2021-02-19) · Capital expenditure (2021-02-19) · Revenue (2021-02-19) · Operating cash flow (2021-02-19) · Capital expenditure (2021-02-19) · FCF / net income input 3 (2021-02-19) · Operating income (2021-02-19) · Total assets as of 2017-12-31 (2019-02-22) · Current liabilities as of 2017-12-31 (2019-02-22) · Total assets as of 2018-12-31 (2020-02-28) · Current liabilities as of 2018-12-31 (2020-02-28) |
| 2017-12-31 | 6.85 | 41.56 | 29.38 | Calculation inputs & SEC filings
Operating cash flow (2020-02-28) · Capital expenditure (2020-02-28) · Revenue (2020-02-28) · Operating cash flow (2020-02-28) · Capital expenditure (2020-02-28) · FCF / net income input 3 (2020-02-28) · Operating income (2020-02-28) · Total assets as of 2016-12-31 (2018-02-28) · Current liabilities as of 2016-12-31 (2018-02-28) · Total assets as of 2017-12-31 (2019-02-22) · Current liabilities as of 2017-12-31 (2019-02-22) |
| 2016-12-31 | 33.58 | 332.72 | 40.39 | Calculation inputs & SEC filings
Operating cash flow (2019-02-22) · Capital expenditure (2019-02-22) · Revenue (2019-02-22) · Operating cash flow (2019-02-22) · Capital expenditure (2019-02-22) · FCF / net income input 3 (2019-02-22) · Operating income (2019-02-22) · Total assets as of 2015-12-31 (2017-02-16) · Current liabilities as of 2015-12-31 (2017-02-16) · Total assets as of 2016-12-31 (2018-02-28) · Current liabilities as of 2016-12-31 (2018-02-28) |
| 2015-12-31 | Unavailable | -261.71 | Unavailable | Calculation inputs & SEC filings
FCF margin input 1 (2018-02-28) · Capital expenditure (2018-02-28) · FCF / net income input 1 (2018-02-28) · Capital expenditure (2018-02-28) · Net income (2018-02-28) · Operating income (2018-02-28) · Total assets as of 2015-12-31 (2017-02-16) · Current liabilities as of 2015-12-31 (2017-02-16) |
| 2014-12-31 | Unavailable | -313,540.00 | Unavailable | Calculation inputs & SEC filings
FCF margin input 1 (2017-02-16) · Capital expenditure (2017-02-16) · FCF / net income input 1 (2017-02-16) · Capital expenditure (2017-02-16) · Net income (2017-02-16) · Operating income (2017-02-16) |
Valuation history
P/E ratio history
The P/E chart uses 525 weekly price points (2016-09-23–2026-10-08); 473 have a basic or diluted P/E ratio. Annual EPS carries forward between fiscal year-ends.
Fiscal-year-end snapshots
9 fiscal-year-end periods with an eligible ratio (2017-12-31–2025-12-31). Most recent: diluted 42.57× and basic 42.10× (fiscal end 2025-12-31; price date 2025-12-26).
Annual P/E = fiscal-year-end closing price ÷ reported annual EPS. It is a historical annual ratio, not TTM or forward P/E. Zero or negative EPS and missing eligible prices produce no ratio. Why we use annual data.
Open the interactive P/E chart · How P/E history is calculated.
Show all annual P/E values (12 fiscal years)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 38.31 | Adjusted close | 42.10 | 42.57 | Basic EPS (2026-02-27) Diluted EPS (2026-02-27) |
| 2024-12-31 | 2024-12-27 | 121.39 | Adjusted close | 151.74 | 155.63 | Basic EPS (2026-02-27) Diluted EPS (2026-02-27) |
| 2023-12-31 | 2023-12-29 | 71.96 | Adjusted close | 194.49 | 199.89 | Basic EPS (2026-02-27) Diluted EPS (2026-02-27) |
| 2022-12-31 | 2022-12-30 | 44.83 | Adjusted close | 407.55 | 407.55 | Basic EPS (2025-02-21) Diluted EPS (2025-02-21) |
| 2021-12-31 | 2021-12-31 | 91.64 | Adjusted close | 316.00 | 327.29 | Basic EPS (2024-02-15) Diluted EPS (2024-02-15) |
| 2020-12-31 | 2020-12-31 | 80.10 | Adjusted close | 154.04 | 163.47 | Basic EPS (2023-02-15) Diluted EPS (2023-02-15) |
| 2019-12-31 | 2019-12-27 | 27.24 | Adjusted close | 113.48 | 118.41 | Basic EPS (2022-02-16) Diluted EPS (2022-02-16) |
| 2018-12-31 | 2018-12-28 | 11.45 | Adjusted close | 55.02 | 59.61 | Basic EPS (2021-02-19) Diluted EPS (2021-02-19) |
| 2017-12-31 | 2017-12-29 | 4.57 | Adjusted close | 36.29 | 39.77 | Basic EPS (2020-02-28) Diluted EPS (2020-02-28) |
| 2016-12-31 | 2016-12-30 | 2.77 | Adjusted close | Unavailable | Unavailable | Basic EPS (2019-02-22) Diluted EPS (2019-02-22) |
| 2015-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Basic EPS (2018-02-28) Diluted EPS (2018-02-28) |
| 2014-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Source unavailable |
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