Is Trade Desk (TTD) overvalued or fairly valued?

MarketChacha shows Trade Desk's valuation in context — a trailing P/E of about 22.9, a forward P/E of about 14.5, a price-to-book of about 2.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Trade Desk's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.30×) from reported figures — education, not a rating.

What is Trade Desk's revenue?

Trade Desk reported revenue of $2.9B for FY2025, with net profit of $443.3M, per official filings.

What is the share price of Trade Desk (TTD)?

Trade Desk last traded at $14.43 (-4.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Trade Desk

TTD · NASDAQ · Communication Services · United States

Snapshot

TickerTTD

ExchangeNASDAQ

SectorCommunication Services

IndustryAdvertising Agencies

CountryUnited States

Employees3,843

HeadquartersVentura, United States

Websitewww.thetradedesk.com

Filings tracked24

About Trade Desk

The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company creates, manages, and optimizes digital advertising campaigns across ad formats, channels and devices, including CTV and other video, display, audio, and native, on a multitude of devices, such televisions, streaming devices, mobile devices, computers and digital-out-of-home devices. It provides data and other value-added services. It serves advertising agencies, advertisers, and other service providers for agencies or advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.

Who owns it

Insiders2.3%
Institutions89.6%
Public & other8.1%

996 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.65%
State Street Corporation7.33%
Vanguard Capital Management LLC6.54%
Vanguard Portfolio Management LLC4.54%
Two Sigma Investments, LP4.00%
Geode Capital Management, LLC3.78%
Invesco Ltd.3.22%
Goldman Sachs Group Inc3.16%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.30×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend9.2% → 15.3%

Margin has expanded by about 6.1 points — the business is getting more profitable.

Return on equity17.8%

Latest ROE of 17.8% — capital is generating a healthy return.

Growth qualityrev 22% · PAT 57%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $693.2M · EPS 0.29

Est. earnings growth -51.2%

Next fiscal year

Rev $2.7B · EPS 1.00

Est. earnings growth -14.3%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$2.9B

Net margin

15.3%

ROE

17.8%

Revenue CAGR (2y)

+22.0%

Profit CAGR (2y)

+57.4%

EPS (FY2025)

0.90

Net profit (FY2025)

$443.3M

Ask MarketChacha about TTD

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On MarketChacha

Posts about TTD

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$2.9B	$443.3M	0.90	15.3%	17.8%
FY2024	$2.4B	$393.1M	0.78	16.1%	13.3%
FY2023	$1.9B	$178.9M	0.36	9.2%	8.3%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$715.1M	$64.4M	0.14	9.0%
2026Q1	$688.9M	$40.0M	0.08	5.8%
2025Q3	$739.4M	$115.5M	0.23	15.6%
2025Q2	$694.0M	$90.1M	0.18	13.0%
2025Q1	$616.0M	$50.7M	0.10	8.2%
2024Q3	$628.0M	$94.2M	0.19	15.0%
2024Q2	$584.5M	$85.0M	0.17	14.5%
2024Q1	$491.3M	$31.7M	0.06	6.4%
2023Q3	$493.3M	$39.4M	0.08	8.0%
2023Q2	$464.3M	$32.9M	0.07	7.1%
2023Q1	$382.8M	$9.3M	0.02	2.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/6/2026material
10-Q filing
SEC8/6/2026
8-K — Executive/director change, Exhibits
SEC7/13/2026material
8-K — Executive/director change, Exhibits
SEC6/9/2026material
8-K — Executive/director change, Exhibits
SEC6/1/2026material
8-K — Executive/director change
SEC5/29/2026material
8-K — Shareholder vote results
SEC5/8/2026material
8-K — Executive/director change
SEC5/8/2026material
8-K — Results of operations, Exhibits
SEC5/7/2026material
10-Q filing
SEC5/7/2026
8-K — Material agreement, Material financial obligation
SEC4/20/2026material
8-K — Executive/director change
SEC4/6/2026material
8-K — Delisting notice, Executive/director change, Exhibits
SEC3/25/2026material
8-K — Executive/director change
SEC3/9/2026material
10-K filing
SEC2/27/2026
8-K — Results of operations, Other events, Exhibits
SEC2/25/2026material
8-K — Results of operations, Executive/director change, Reg FD disclosure, Exhibits
SEC1/26/2026material

2025

8-K — Delisting notice
SEC12/15/2025material
8-K — Results of operations, Other events, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Security holder rights, Bylaw/charter change, Shareholder vote results, Exhibits
SEC9/17/2025material
8-K — Executive/director change, Exhibits
SEC8/7/2025material
8-K — Results of operations, Executive/director change, Exhibits
SEC8/7/2025material
10-Q filing
SEC8/7/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.