Metrics
The numbers behind The Trade Desk, Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ thousands unless noted.
Reading notes: All figures are in thousands of U.S. dollars, as printed in the filings (10-K units line: 'In thousands, except per share amounts'). Per-share and share-count rows are stated per the filings. Each fiscal year in the main statements is cited to that year's own Form 10-K (current-year column). Revenue by geography is shown on a revenue basis, which the company reports only for FY2023–FY2025 (FY2025 Form 10-K, Note 12); the FY2023 and FY2024 10-Ks disclosed geography on a gross-billings basis, and the FY2025 10-K recast FY2023–FY2024 to the revenue basis. FY2021–FY2022 revenue-basis geography is not disclosed, so only total revenue is shown for those years. The Trade Desk operates as a single reportable segment (self-service DSP); geography is its only revenue disaggregation.
Share Price — Full Available History — 10 Years
The stock closed at $19.53 on Jul 10, 2026 — up 6,388% over the window shown (+53.1% a year), trading between $0.23 and $139.51. At that close the stock trades at 22× FY2025 diluted EPS as reported below.
Source: market price feed, weekly closes, sampled from 2,463 source observations, Sep 2016–Jul 2026. Price return only, excludes dividends. Prices are split-adjusted (1:10 on Jun 17, 2021).
FY2025 at a Glance
Net income (US$ thousands)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Geography
| Revenue by Geography | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| United States | — | — | 1,696,911 | 2,133,502 | 2,476,683 |
| International | — | — | 249,209 | 311,329 | 419,601 |
| Total revenue | 1,196,467 | 1,577,795 | 1,946,120 | 2,444,831 | 2,896,284 |
| Total revenue growth, derived | — | +31.9% | +23.3% | +25.6% | +18.5% |
Source: Revenue by principal geographic area (revenue basis), Note 12 — Segment and Geographic Information; total ties to Consolidated Statements of Operations [5] [4] [6]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Operations [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-11. Estimate figures link to the consensus source, not to filing pages.
Balance Sheet
Source: Consolidated Balance Sheets [7] [8] [9] [10]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows [11] [12] [13] [14]. Click any linked figure to open the filing page with the row highlighted.
Platform Scale, Client Spend Profitability
| Platform Scale, Client Spend Profitability | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Gross spend on platform | 6,172,000 | 7,741,000 | 9,611,000 | 12,040,872 | 13,394,683 |
| Gross spend growth (YoY) | 47.0% | 25.0% | 24.0% | 25.0% | 11.0% |
| Adjusted EBITDA | — | — | — | 1,010,649 | 1,196,449 |
| Client retention rate (over 95%) | 95.0% | 95.0% | 95.0% | 95.0% | 95.0% |
| Investment in capitalized software | 5,200 | 8,000 | 8,000 | 9,000 | 13,000 |
Source: company filings [15] [16] [17] [18]. Click any linked figure to open the filing page with the row highlighted.
Global Workforce Footprint
| Global Workforce Footprint | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Full-time employees | 1,967 | 2,770 | 3,115 | 3,522 | 3,843 |
| Countries of operation | 19 | 19 | 19 | 20 | 21 |
| North America — % of workforce | 65.0% | 63.0% | 64.0% | 64.0% | 63.0% |
| EMEA — % of workforce | 18.0% | 19.0% | 19.0% | 19.0% | 20.0% |
| Asia Pacific — % of workforce | 17.0% | 18.0% | 17.0% | 17.0% | 17.0% |
Source: company filings [19] [20] [21] [22]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Income from operations | Net income | Diluted earnings per share | Net cash provided by operating activities |
|---|---|---|---|---|---|
| FY2016 | 202,926 | 57,518 | 20,482 | — | 75,031 |
| FY2017 | 308,217 | 69,356 | 50,798 | — | 31,224 |
| FY2018 | 477,294 | 107,323 | 88,140 | — | 86,603 |
| FY2019 | 661,058 | 112,196 | 108,318 | 0.23 | 60,205 |
| FY2020 | 836,033 | 144,208 | 242,317 | 0.49 | 405,069 |
| FY2021 | 1,196,467 | 124,817 | 137,762 | 0.28 | 378,513 |
| FY2022 | 1,577,795 | 113,654 | 53,385 | 0.11 | 548,734 |
| FY2023 | 1,946,120 | 200,480 | 178,940 | 0.36 | 598,322 |
| FY2024 | 2,444,831 | 427,167 | 393,076 | 0.78 | 739,456 |
| FY2025 | 2,896,284 | 589,321 | 443,304 | 0.90 | 992,721 |
Source: consolidated statements across filings; older years from the standardized feed [11] [1] [13] [3]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Gross spend | — | — | — | 12,040,872 | 13,394,683 |
Source: company-reported operating metrics [16]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Current price
Mean target
Median target
High target
Low target
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-11. Estimate figures link to the consensus source, not to filing pages.
Traceability
326 of 339 figures on this page (96%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
All figures are in thousands of U.S. dollars, as printed in the filings (10-K units line: 'In thousands, except per share amounts'). Per-share and share-count rows are stated per the filings.
Each fiscal year in the main statements is cited to that year's own Form 10-K (current-year column).
Revenue by geography is shown on a revenue basis, which the company reports only for FY2023–FY2025 (FY2025 Form 10-K, Note 12); the FY2023 and FY2024 10-Ks disclosed geography on a gross-billings basis, and the FY2025 10-K recast FY2023–FY2024 to the revenue basis. FY2021–FY2022 revenue-basis geography is not disclosed, so only total revenue is shown for those years.
The Trade Desk operates as a single reportable segment (self-service DSP); geography is its only revenue disaggregation.
Long-Term Record: FY2019–FY2025 are cited to filings (FY2019–FY2020 via the FY2021 10-K comparative columns; FY2021–FY2022 via the FY2023 10-K); FY2016–FY2018 are from the standardized SEC XBRL data feed and shown without page links. Diluted EPS is shown only for FY2019 onward to keep all values on the post-split (10-for-1, June 2021) basis.
KPI 'Gross spend' is a company-reported operating metric (total client spend on the platform); FY2024–FY2025 are cited to the FY2025 10-K MD A.
Quarterly Q4 FY25 income-statement cells and Q2–Q4 FY25 cash-flow cells are derived from printed year-to-date statements (see block notes); all reconcile exactly and were cross-checked against the standardized quarterly data feed.