profit from every $100 of sales.
$0$100
The Trade Desk
$15.68+1.36% today
-63.4% in 1 year
1-year low $11.921-year high $42.87
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $16.73 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What The Trade Desk sold, what it kept, and what it did with the cash.
Sales went from $1.58 billion in 2022 to $2.90 billion in 2025, with $443 million of profit last year.
SalesProfit
The Trade Desk handed back more cash to shareholders than it generated last year.
Buybacks $1.4B
Free cash flow 2025$783M
Bought back its own shares$1.4B
Paid as dividends–
Cash vs. debt$658M vs. $436M
The Trade Desk vs. similar companies
The Trade Desk grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| The Trade Desk | 16.7× · Fair price | ||
 AppLovin | 40.7× · Expensive | ||
 Publicis Groupe | 16.0× · Fair price | ||
 Omnicom Group | No profit yet | ||
 Focus Media Information Technology | 26.9× · Fair price |
AI analysis
An AI analyst reads The Trade Desk's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 836 | 1,196 | 1,578 | 1,946 | 2,445 | 2,896 | |
| 657 | 975 | 1,297 | 1,581 | 1,973 | 2,277 | |
| 144 | 125 | 114 | 200 | 427 | 589 | |
| 173 | 167 | 168 | 281 | 515 | 705 | |
| 242 | 138 | 53 | 179 | 393 | 443 | |
| 0.49 | 0.28 | 0.11 | 0.36 | 0.78 | 0.90 | |
| 78.6% | 81.5% | 82.2% | 81.2% | 80.7% | 78.6% | |
| 17.2% | 10.4% | 7.2% | 10.3% | 17.5% | 20.3% | |
| 29.0% | 11.5% | 3.4% | 9.2% | 16.1% | 15.3% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 2,754 | 3,577 | 4,381 | 4,889 | 6,112 | 6,153 |
| Cash | 437 | 754 | 1,031 | 895 | 1,369 | 658 |
| Total debt | – | – | 261 | 236 | 312 | 436 |
| Total liabilities | 1,741 | 2,050 | 2,265 | 2,724 | 3,163 | 3,669 |
| 1,013 | 1,527 | 2,115 | 2,164 | 2,949 | 2,484 | |
| 490 | 499 | 500 | 500 | 502 | 494 | |
| 11.2% | 6.5% | 3.8% | 6.6% | 10.3% | 15.9% | |
| 23.9% | 9.0% | 2.5% | 8.3% | 13.3% | 17.8% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 405 | 379 | 549 | 598 | 739 | 993 | |
| – | – | 92 | 55 | 107 | 210 | |
| – | – | 457 | 543 | 632 | 783 | |
| Dividends paid | – | – | – | – | – | – |
| – | 0 | 0 | 647 | 235 | 1,380 | |
| 112 | 337 | 499 | 492 | 495 | 491 |
Valuation
- 16.7×
- 14.2×
- 1.29
- 2.8×
- 2.6×
- 9.5×
- 10.2×
- 10.6%
- 6.0%
- 0.0%
Profitability
- 78.6%
- 20.3%
- 15.3%
- 24.4%
- 16.3%
- 9.4%
- 16.9%
- 7.5%
- 21.2%
- 18.0%
Growth
- +28.2%
- +12.9%
- +25.8%
- –
- −0.4%
Financial health
- -0.3×
- 0.18
- 7.4%
- 1,689.7×
- 1.61
- 1.68
- 0.52
How it ranks in Communication Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 14%of 436
Top 26%of 438
Top 41%of 348
Top 8%of 440
Top 24%of 441
What analysts expect
- Average price target
- $37.12
- Range
- $22.00 – $60.00
- 9 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.08 | 0.12 | −33.3% |
| Feb 25, 2026 | 0.39 | 0.34 | +15.1% |
| Nov 6, 2025 | 0.45 | 0.20 | +123.9% |
| Aug 7, 2025 | 0.18 | 0.18 | +1.4% |
| May 8, 2025 | 0.10 | 0.14 | −27.4% |
| Feb 12, 2025 | 0.59 | 0.57 | +3.5% |
| Nov 7, 2024 | 0.41 | 0.39 | +3.8% |
| Aug 8, 2024 | 0.39 | 0.36 | +9.2% |
News
AMD and other chip stocks slide as Wall Street rethinks the AI trade without Jensen HuangMarketWatch · Nov 13, 2026Washington’s efforts to block Beijing’s access to Nvidia chips could spark a ‘short-lived U.S.-China trade war’ that rattles marketsMarketWatch · Nov 13, 2026The 10 best stocks for a year-end momentum tradeMarketWatch · Nov 12, 2026NVDA Fallout Pressures Tech Trade As Investors Turn To Cerebras, Applied Materials For Chip Demand CuesYahoo Finance · Nov 12, 2026Asia stocks hold up as Nvidia leadership crisis clouds AI tradeYahoo Finance · Nov 12, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
81Pass
Benjamin Graham
60Pass
Philip Fisher
76Pass
Peter Lynch
71Pass
Joel Greenblatt
49No pass
Charlie Munger
67Pass
Terry Smith
64Pass
Questions about The Trade Desk
Is The Trade Desk a good stock to buy?
A solid business at a fair price. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the The Trade Desk AI analysis
What does The Trade Desk do?
The Trade Desk, Inc. operates as a technology company in the United States and internationally. It is in Advertising Agencies, based in Ventura, CA, United States, with 3,843 employees.
Does The Trade Desk pay a dividend?
No. The Trade Desk does not pay a dividend at the moment; in 2025 it returned $1.38 billion to shareholders by buying back its own shares.
Is The Trade Desk stock halal?
No. The Trade Desk does not pass our halal screen: its cash and receivables are 60% of its market value, at or above the 49% limit. How we check
How has The Trade Desk stock done over the past year?
Down 63.4% over the past twelve months, to $15.68. It traded between $11.92 and $42.87 and is 63.4% below its high.
Who are The Trade Desk's competitors?
The largest listed companies in the same industry are AppLovin, Publicis Groupe, Omnicom Group and Focus Media Information Technology. The peers table on this page compares their profit, growth and price with The Trade Desk's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.