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Annual data and sources

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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

Annual EPS, cash flow, dividends and fiscal-year dividend yield for Trade Desk, Inc.. Per-share values in USD; yield in percent.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
0.910.901.61UnavailableUnavailableBasic EPS (2026-02-27)
Diluted EPS (2026-02-27)
Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27)
2024
2024-12-31
0.800.781.28UnavailableUnavailableBasic EPS (2026-02-27)
Diluted EPS (2026-02-27)
Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27)
2023
2023-12-31
0.370.361.10UnavailableUnavailableBasic EPS (2026-02-27)
Diluted EPS (2026-02-27)
Operating cash flow (2026-02-27) · Capital expenditure (2026-02-27)
2022
2022-12-31
0.110.110.93UnavailableUnavailableBasic EPS (2025-02-21)
Diluted EPS (2025-02-21)
Operating cash flow (2025-02-21) · Capital expenditure (2025-02-21)
2021
2021-12-31
0.290.280.65UnavailableUnavailableBasic EPS (2024-02-15)
Diluted EPS (2024-02-15)
Operating cash flow (2024-02-15) · Capital expenditure (2024-02-15)
2020
2020-12-31
0.520.490.68UnavailableUnavailableBasic EPS (2023-02-15)
Diluted EPS (2023-02-15)
Operating cash flow (2023-02-15) · Capital expenditure (2023-02-15)
2019
2019-12-31
0.240.230.05UnavailableUnavailableBasic EPS (2022-02-16)
Diluted EPS (2022-02-16)
Operating cash flow (2022-02-16) · Capital expenditure (2022-02-16)
2018
2018-12-31
0.210.190.15UnavailableUnavailableBasic EPS (2021-02-19)
Diluted EPS (2021-02-19)
Operating cash flow (2021-02-19) · Capital expenditure (2021-02-19)
2017
2017-12-31
0.130.110.05UnavailableUnavailableBasic EPS (2020-02-28)
Diluted EPS (2020-02-28)
Operating cash flow (2020-02-28) · Capital expenditure (2020-02-28)
2016
2016-12-31
-0.15-0.150.37UnavailableUnavailableBasic EPS (2019-02-22)
Diluted EPS (2019-02-22)
Operating cash flow (2019-02-22) · Capital expenditure (2019-02-22)
2015
2015-12-31
0.080.04-0.25UnavailableUnavailableBasic EPS (2018-02-28)
Diluted EPS (2018-02-28)
Operating cash flow (2018-02-28) · Capital expenditure (2018-02-28)
2014
2014-12-31
UnavailableUnavailable-0.12UnavailableUnavailableOperating cash flow (2017-02-16) · Capital expenditure (2017-02-16)

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 endRevenue / shareTotal debt / shareCalculation inputs & SEC filings
2025-12-315.87Unavailable
Calculation inputs & SEC filings
  • Revenue: 2,896,284,000.00 USD
  • Average diluted shares: 493,551,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2024-12-314.87Unavailable
Calculation inputs & SEC filings
  • Revenue: 2,444,831,000.00 USD
  • Average diluted shares: 501,924,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2023-12-313.89Unavailable
Calculation inputs & SEC filings
  • Revenue: 1,946,120,000.00 USD
  • Average diluted shares: 500,182,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2022-12-313.16Unavailable
Calculation inputs & SEC filings
  • Revenue: 1,577,795,000.00 USD
  • Average diluted shares: 499,925,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2021-12-312.40Unavailable
Calculation inputs & SEC filings
  • Revenue: 1,196,467,000.00 USD
  • Average diluted shares: 498,540,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2020-12-311.71Unavailable
Calculation inputs & SEC filings
  • Revenue: 836,033,000.00 USD
  • Average diluted shares: 489,881,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2019-12-311.38Unavailable
Calculation inputs & SEC filings
  • Revenue: 661,058,000.00 USD
  • Average diluted shares: 478,061,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2018-12-3110.42Unavailable
Calculation inputs & SEC filings
  • Revenue: 477,294,000.00 USD
  • Average diluted shares: 45,793,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2017-12-317.00Unavailable
Calculation inputs & SEC filings
  • Revenue: 308,217,000.00 USD
  • Average diluted shares: 44,056,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2016-12-3111.10Unavailable
Calculation inputs & SEC filings
  • Revenue: 202,926,000.00 USD
  • Average diluted shares: 18,280,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2015-12-31UnavailableUnavailable
Calculation inputs & SEC filings
  • Revenue: Unavailable — required inputs are missing, conflicting or unsupported
  • Average diluted shares: 16,779,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported
2014-12-31UnavailableUnavailable
Calculation inputs & SEC filings
  • Revenue: Unavailable — required inputs are missing, conflicting or unsupported
  • Average diluted shares: 13,134,000.00 shares
  • Borrowings: Unavailable — required inputs are missing, conflicting or unsupported
  • Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported

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 endRevenue (USD)Operating margin (%)Net margin (%)Calculation inputs & SEC filings
2025-12-312,896,284,000.0020.3515.31
Calculation inputs & SEC filings
  • Revenue: 2,896,284,000.00 USD
  • Operating income: 589,321,000.00 USD
  • Net income: 443,304,000.00 USD
2024-12-312,444,831,000.0017.4716.08
Calculation inputs & SEC filings
  • Revenue: 2,444,831,000.00 USD
  • Operating income: 427,167,000.00 USD
  • Net income: 393,076,000.00 USD
2023-12-311,946,120,000.0010.309.19
Calculation inputs & SEC filings
  • Revenue: 1,946,120,000.00 USD
  • Operating income: 200,480,000.00 USD
  • Net income: 178,940,000.00 USD
2022-12-311,577,795,000.007.203.38
Calculation inputs & SEC filings
  • Revenue: 1,577,795,000.00 USD
  • Operating income: 113,654,000.00 USD
  • Net income: 53,385,000.00 USD
2021-12-311,196,467,000.0010.4311.51
Calculation inputs & SEC filings
  • Revenue: 1,196,467,000.00 USD
  • Operating income: 124,817,000.00 USD
  • Net income: 137,762,000.00 USD
2020-12-31836,033,000.0017.2528.98
Calculation inputs & SEC filings
  • Revenue: 836,033,000.00 USD
  • Operating income: 144,208,000.00 USD
  • Net income: 242,317,000.00 USD
2019-12-31661,058,000.0016.9716.39
Calculation inputs & SEC filings
  • Revenue: 661,058,000.00 USD
  • Operating income: 112,196,000.00 USD
  • Net income: 108,318,000.00 USD
2018-12-31477,294,000.0022.4918.47
Calculation inputs & SEC filings
  • Revenue: 477,294,000.00 USD
  • Operating income: 107,323,000.00 USD
  • Net income: 88,140,000.00 USD
2017-12-31308,217,000.0022.5016.48
Calculation inputs & SEC filings
  • Revenue: 308,217,000.00 USD
  • Operating income: 69,356,000.00 USD
  • Net income: 50,798,000.00 USD
2016-12-31202,926,000.0028.3410.09
Calculation inputs & SEC filings
  • Revenue: 202,926,000.00 USD
  • Operating income: 57,518,000.00 USD
  • Net income: 20,482,000.00 USD
2015-12-31UnavailableUnavailableUnavailable
Calculation inputs & SEC filings
  • Revenue: Unavailable — required inputs are missing, conflicting or unsupported
  • Operating income: 37,980,000.00 USD
  • Net income: 15,929,000.00 USD
2014-12-31UnavailableUnavailableUnavailable
Calculation inputs & SEC filings
  • Revenue: Unavailable — required inputs are missing, conflicting or unsupported
  • Operating income: 764,000.00 USD
  • Net income: 5,000.00 USD

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 endFCF margin (%)FCF / net income (%)ROCE (%)Calculation inputs & SEC filings
2025-12-3127.47179.5019.24
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 795,710,000.00 USD ÷ Revenue 2,896,284,000.00 USD
  • FCF / net income: Free cash flow 795,710,000.00 USD ÷ Net income 443,304,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 589,321,000.00 USD ÷ Average capital employed 3,062,854,500.00 USD
2024-12-3126.23163.1315.21
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 641,218,000.00 USD ÷ Revenue 2,444,831,000.00 USD
  • FCF / net income: Free cash flow 641,218,000.00 USD ÷ Net income 393,076,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 427,167,000.00 USD ÷ Average capital employed 2,808,167,500.00 USD
2023-12-3128.34308.228.48
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 551,532,000.00 USD ÷ Revenue 1,946,120,000.00 USD
  • FCF / net income: Free cash flow 551,532,000.00 USD ÷ Net income 178,940,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 200,480,000.00 USD ÷ Average capital employed 2,364,602,500.00 USD
2022-12-3129.44870.235.51
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 464,574,000.00 USD ÷ Revenue 1,577,795,000.00 USD
  • FCF / net income: Free cash flow 464,574,000.00 USD ÷ Net income 53,385,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 113,654,000.00 USD ÷ Average capital employed 2,062,695,500.00 USD
2021-12-3127.06234.988.18
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 323,709,000.00 USD ÷ Revenue 1,196,467,000.00 USD
  • FCF / net income: Free cash flow 323,709,000.00 USD ÷ Net income 137,762,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 124,817,000.00 USD ÷ Average capital employed 1,526,498,500.00 USD
2020-12-3139.59136.6013.88
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 331,008,000.00 USD ÷ Revenue 836,033,000.00 USD
  • FCF / net income: Free cash flow 331,008,000.00 USD ÷ Net income 242,317,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 144,208,000.00 USD ÷ Average capital employed 1,038,675,000.00 USD
2019-12-313.7122.6318.66
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 24,512,000.00 USD ÷ Revenue 661,058,000.00 USD
  • FCF / net income: Free cash flow 24,512,000.00 USD ÷ Net income 108,318,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 112,196,000.00 USD ÷ Average capital employed 601,134,500.00 USD
2018-12-3114.0075.8031.45
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 66,808,000.00 USD ÷ Revenue 477,294,000.00 USD
  • FCF / net income: Free cash flow 66,808,000.00 USD ÷ Net income 88,140,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 107,323,000.00 USD ÷ Average capital employed 341,256,500.00 USD
2017-12-316.8541.5629.38
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 21,114,000.00 USD ÷ Revenue 308,217,000.00 USD
  • FCF / net income: Free cash flow 21,114,000.00 USD ÷ Net income 50,798,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 69,356,000.00 USD ÷ Average capital employed 236,046,000.00 USD
2016-12-3133.58332.7240.39
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Free cash flow 68,147,000.00 USD ÷ Revenue 202,926,000.00 USD
  • FCF / net income: Free cash flow 68,147,000.00 USD ÷ Net income 20,482,000.00 USD
  • ROCE (operating income ÷ average capital employed): Operating income 57,518,000.00 USD ÷ Average capital employed 142,395,500.00 USD
2015-12-31Unavailable-261.71Unavailable
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported.
  • FCF / net income: Free cash flow -41,688,000.00 USD ÷ Net income 15,929,000.00 USD
  • ROCE (operating income ÷ average capital employed): Unavailable — required balance-sheet inputs are missing or inconsistent.
2014-12-31Unavailable-313,540.00Unavailable
Calculation inputs & SEC filings
  • FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported.
  • FCF / net income: Free cash flow -15,677,000.00 USD ÷ Net income 5,000.00 USD
  • ROCE (operating income ÷ average capital employed): Unavailable — required balance-sheet inputs are missing or inconsistent.

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)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-2638.31Adjusted close42.1042.57Basic EPS (2026-02-27) Diluted EPS (2026-02-27)
2024-12-312024-12-27121.39Adjusted close151.74155.63Basic EPS (2026-02-27) Diluted EPS (2026-02-27)
2023-12-312023-12-2971.96Adjusted close194.49199.89Basic EPS (2026-02-27) Diluted EPS (2026-02-27)
2022-12-312022-12-3044.83Adjusted close407.55407.55Basic EPS (2025-02-21) Diluted EPS (2025-02-21)
2021-12-312021-12-3191.64Adjusted close316.00327.29Basic EPS (2024-02-15) Diluted EPS (2024-02-15)
2020-12-312020-12-3180.10Adjusted close154.04163.47Basic EPS (2023-02-15) Diluted EPS (2023-02-15)
2019-12-312019-12-2727.24Adjusted close113.48118.41Basic EPS (2022-02-16) Diluted EPS (2022-02-16)
2018-12-312018-12-2811.45Adjusted close55.0259.61Basic EPS (2021-02-19) Diluted EPS (2021-02-19)
2017-12-312017-12-294.57Adjusted close36.2939.77Basic EPS (2020-02-28) Diluted EPS (2020-02-28)
2016-12-312016-12-302.77Adjusted closeUnavailableUnavailableBasic EPS (2019-02-22) Diluted EPS (2019-02-22)
2015-12-31UnavailableUnavailableUnavailableUnavailableUnavailableBasic EPS (2018-02-28) Diluted EPS (2018-02-28)
2014-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable

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