Trade Desk, Inc. (TTD) closed fiscal year 2025 with a gross margin of 78.6 % and a net margin of 15.3 %.
Trade Desk, Inc. (TTD) closed fiscal year 2025 with a gross margin of 78.6 % and a net margin of 15.3 %. The same year shows an EBITDA margin of 24.3 % and an EBIT margin of 20.3 %. The free cash flow margin was 27.5 %. Against the previous year the gross margin moved −2.1 pp and the net margin −0.8 pp. Across the period the gross margin ranges between 71.8 % in 2014 and 82.2 % in 2022. The series covers 12 fiscal years, from 2014 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 71.81 % | 79.82 % | 80.35 % | 78.51 % | 76.09 % | 76.37 % | 78.61 % | 81.48 % | 82.18 % | 81.21 % | 80.69 % | 78.63 % |
| EBITDA margin (%) | 3.24 % | 34.97 % | 30.22 % | 24.84 % | 24.96 % | 20.25 % | 20.67 % | 13.96 % | 10.65 % | 14.43 % | 21.05 % | 24.35 % |
| EBIT margin (%) | 1.72 % | 33.36 % | 28.34 % | 22.50 % | 22.49 % | 16.97 % | 17.25 % | 10.43 % | 7.20 % | 10.30 % | 17.47 % | 20.35 % |
| Net margin (%) | 0.01 % | 13.99 % | 10.09 % | 16.48 % | 18.47 % | 16.39 % | 28.98 % | 11.51 % | 3.38 % | 9.19 % | 16.08 % | 15.31 % |
| FCF margin (%) | -35.19 % | -36.62 % | 33.58 % | 6.85 % | 14.00 % | 3.71 % | 39.59 % | 27.06 % | 29.44 % | 28.34 % | 26.23 % | 27.47 % |
