TTD Trade Desk margins

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Relative Growth: Rel. Growth: 89
Relative Strength: Rel. Strength: 5
Relative Valuation: Rel. Valuation: 74
Relative Profitability: Rel. Profitability: 81
Gross margin
76.9%
Operating margin
19.6%
EBITDA margin
26.3%
Net margin
13.6%

For this period, Trade Desk reports a gross margin of 76.9%, an operating margin of 19.6%, an EBITDA margin of 26.3%, and a net margin of 13.6%. The largest positive change was in EBITDA margin, up 2.6 percentage points. The largest negative change was in gross margin, down 2.5 percentage points.

TTD margin history

Gross, operating, EBITDA and net margin trends

Trade Desk's margins averaged 79.74% gross, 16.8% operating, 23.09% EBITDA, and 13.71% net during the last 3 years. Against the three-year averages, operating and EBITDA margins are above their three-year averages and gross and net margins are below their three-year averages.

TTD margin expansion

Year-over-year margin changes in percentage points

The largest gain was in EBITDA margin, up 2.6 percentage points. Operating margin also expanded by 1.9 percentage points, while gross margin contracted by 2.5 percentage points and net margin by 2 percentage points.

Gross margin expansion
-2.5pp
Operating margin expansion
1.9pp
EBITDA margin expansion
2.6pp
Net margin expansion
-2pp

TTD Gross margin

The average gross margin for Trade Desk was 79.74% over the last 3 years. Trade Desk currently reports a gross margin of 76.9%, 2.8 percentage points below its three-year average. The gross margin for Trade Desk moved between 76.9% in Jun 2026 and 81.3% in Mar 2024.

TTD Operating margin

Over the last 3 years, Trade Desk's operating margin averaged 16.8%. The current operating margin of 19.6% is 2.8 percentage points above its three-year average. During this period, operating margin reached a high of 20.3% in Mar 2026 and a low of 10.3% in Dec 2023.

TTD EBITDA margin

The average EBITDA margin for Trade Desk was 23.09% over the last 3 years. Right now, the current EBITDA margin for Trade Desk is 26.3%, 3.2 percentage points above its three-year average. The EBITDA margin for Trade Desk moved between 16.9% in Dec 2023 and 26.8% in Mar 2026.

TTD Net margin

Trade Desk recorded an average net margin of 13.71% across the last 3 years. Against its three-year average, Trade Desk's net margin is currently 13.6%, 0.1 percentage points below its three-year average. Looking back over the last 3 years, Trade Desk's net margin reached 16.1% at its highest point in Dec 2024 and 9.2% at its lowest in Dec 2023.

TTD margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 76.9%, TTD stands above the Technology sector and the industry average. Compared to its Technology sector average of 52.1%, Trade Desk's gross margin is 48% higher.

TTD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Trade Desk's gross margin?

For the period ending Jun 30, 2026, TTD recorded a gross margin of 76.9%.

What is Trade Desk's operating margin?

The current operating margin for TTD is 19.6% as of Jun 30, 2026.

What is Trade Desk's EBITDA margin?

For the period ending Jun 30, 2026, TTD recorded an EBITDA margin of 26.3%.

What is Trade Desk's net margin?

As of Jun 30, 2026, TTD has a net margin of 13.6%.

What are the average margins of TTD?

Over the past 3 years, TTD reported average margins of 79.7% gross, 16.8% operating, 23.1% EBITDA, and 13.7% net.

What are the highest historical margins of TTD?

In the last 5 years, the highest margins reported by TTD were 82.2% gross in Dec 2022, 20.3% operating in Mar 2026, 26.8% EBITDA in Mar 2026, and 16.1% net in Dec 2024.

What are the lowest historical margins of TTD?

In the last 5 years, the lowest margins reported by TTD were 76.9% gross in Jun 2026, -0.8% operating in Sep 2022, 5.4% EBITDA in Sep 2022, and -0.7% net in Sep 2022.