The Trade Desk, Inc. (TTD) Stock Price & Analysis

The Trade Desk, Inc. (TTD) closed at USD 13.16 on Thursday, October 22, 2026, up 4.53% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 12.59; the Oct 22, 2026 session ranged USD 12.57–13.17 on volume of 14,642,882 shares. Market capitalization is $6.22B, with a 52-week range of USD 11.62–55.11 (NGM). Source: Nexqual, retrieved October 23, 2026 at 09:57 UTC.

Also available as compact Markdown for AI agents: nexqual.com/TTD.md

Key facts (TTD)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TTD)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$1.20B$1.58B$1.95B$2.44B$2.90B$2.99B
Gross profit$975M$1.30B$1.58B$1.97B$2.28B—
Operating income$125M$114M$200M$427M$589M$586M
Net income$138M$53.4M$179M$393M$443M$407M
EPS (diluted)$0.28$0.11$0.36$0.78$0.90—
Free cash flow$324M$465M$552M$641M$796M$863M
Gross margin81.5%82.2%81.2%80.7%78.6%—
Operating margin10.4%7.2%10.3%17.5%20.3%19.6%
Net margin11.5%3.4%9.2%16.1%15.3%13.6%
Revenue growth+43.1%+31.9%+23.3%+25.6%+18.5%—
Cash + short-term investments$959M$1.45B$1.38B$1.92B$1.30B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (TTD)

P/E 15.3x · P/S 2.1x · P/FCF 7.2x · P/B 2.4x · FCF yield 13.87% · Earnings yield 6.54% · Buyback yield (TTM) 15.66%

P/E at fiscal year-ends: Dec 2025 42.3x, Dec 2024 150.1x, Dec 2023 201.1x.

Insider sales (SEC Form 4, open-market, last ~7 months) (TTD)

0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-05-28Jacobson SamanthaDirector53,681$1.1M80.4%NoToo little history (no open-market trades in 2023)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (TTD)

Consensus Hold (mean 3.14 on a 1–5 scale), 36 analysts; mean target USD 13.53 (low 9, high 20).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-14UBSTarget loweredBuy$16 → $15
2026-09-18GuggenheimTarget raisedNeutral$12 → $13
2026-09-09RBC CapitalReiteratedSector Perform$15
2026-08-10DA DavidsonDowngradeBuy → Neutral$29 → $16
2026-08-10HSBCDowngradeHold → Reduce$10
2026-08-08ScotiabankTarget loweredSector Perform$20 → $12
2026-08-07UBSTarget loweredBuy$28 → $16
2026-08-07CitigroupDowngradeNeutral → Sell$21 → $11
2026-08-07BenchmarkTarget loweredBuy$30 → $20
2026-08-07GuggenheimDowngradeBuy → Neutral$25 → $12
2026-08-07Wells FargoTarget loweredEqual-Weight$20 → $12
2026-08-07NeedhamTarget loweredBuy$25 → $19

Total return (dividends reinvested) (TTD)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return-75.7%-82.2%
S&P 500 (SPY)+14.9%+80.3%
Per year-75.8%-29.1%
Volatility (annualized)57.9%67.0%
Max drawdown-78.0% (Oct 2025→Oct 2026)-91.4% (Dec 2024→Sep 2026)

TTD revenue by region (fiscal year ended Dec 31, 2025)

LineRevenueShare of totalYoY
UNITED STATES$2.48B85.5%+16.1%
Non-US$419.6M14.5%+34.8%
Total revenue$2.90B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

TTD suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CompetitorAlphabet (Google) (GOOGL)“We compete with other demand-side platform providers, some of which are smaller, privately held companies and others are divisions of large, well-established companies such as Google and Amazon.”
CompetitorAmazon (AMZN)“We compete with other demand-side platform providers, some of which are smaller, privately held companies and others are divisions of large, well-established companies such as Google and Amazon.”

Quoted from the company's 10-K filed Feb 27, 2026.

TTD customer concentration

In the period ended Dec 31, 2025, a single direct customer accounted for 30% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.

TTD company outlook (results filed Aug 6, 2026)

Quoted word-for-word from the SEC 8-K results press release.

TTD analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.25$0.50-49.0%$651.4M17
Next quarter (ends Dec 2026)$0.29$0.67-57.0%$691.6M17
Current fiscal year (ends Dec 2026)$1.16$1.84-37.1%$2.75B20
Next fiscal year (ends Dec 2027)$1.00$2.15-53.2%$2.60B20

TTD options: expected move

Options price a move of about ±8.6% (±$1.13) by Nov 6, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±19.3% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026755.3%±6.7%
Nov 6, 20261438.3%±8.6%
Nov 13, 20262192.3%±18.1%
Nov 20, 20262885.6%±19.3%
Nov 27, 20263577.9%±19.5%
Dec 4, 20264274.0%±20.3%
Dec 18, 20265671.7%±22.7%
Jan 15, 20278468.2%±26.6%

30-day implied volatility 82.8% vs 46.8% realized over the last 30 trading days. Put/call ratio (volume) 0.26. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 09:57 UTC)

PriceUSD 13.16
Change▲ 4.53% (up)
Previous CloseUSD 12.59
OpenUSD 12.58
Day RangeUSD 12.57 – 13.17
52-Week RangeUSD 11.62 – 55.11
Volume14,642,882 shares
Market Cap$6.22B
ExchangeNGM

Technical Analysis (TTD)

Nexqual's technical model rates TTD "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:57 UTC.

Overall SignalSELL
RSI (14)54.06 (neutral)
vs SMA50Below (USD 13.22)
MACD-0.22 (negative)

Analyst Ratings (TTD)

Wall Street analysts rate TTD "Hold" based on 36 analysts, with a mean price target of USD 13.53 (range USD 9–20), per Nexqual as of October 23, 2026 at 09:57 UTC.

Consensus RatingHold
Analyst Count36
Mean TargetUSD 13.53
High TargetUSD 20
Low TargetUSD 9
Buy / Hold / Sell5 / 23 / 8

Earnings (TTD)

Next Earnings Date2026-11-05
EPS EstimateUSD 0.25
Revenue Estimate$651.44M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.34 vs est 0.4 ▼ miss
2026-03-31USD 0.28 vs est 0.32 ▼ miss
2025-12-31USD 0.59 vs est 0.58 ▲ beat
2025-09-30USD 0.45 vs est 0.44 ▲ beat

Source: Nexqual, October 23, 2026 at 09:57 UTC.

Financials & Fundamentals (TTD)

Total Revenue$2.99B
Revenue Growth (latest quarter, YoY)+3.00%
Gross Margin+76.87%
Operating Margin+14.21%
Profit Margin+13.61%
ROE+15.44%
Debt / Equity0.17
Current Ratio1.72
Total Cash$1.49B
Total Debt$434.11M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$863.05M (28.9% of revenue)

Source: Nexqual, October 23, 2026 at 09:57 UTC.

Financial Health Score (TTD)

Nexqual rates The Trade Desk, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:57 UTC.

GrowthStrong — Revenue +18% YoY (annual)
ProfitabilityStrong — Gross margin 77%, operating 14% (last 12 months)
Balance SheetStrong — $1.49B cash vs $434M debt, net cash position
Cash FlowStrong — FCF $863M (last 4 quarters to Jun 2026, SEC), 29% margin
EfficiencySolid — ROE 15%, ROA 6.3%

Ownership (TTD)

Insider Ownership+2.60%
Institutional Ownership+84.40%
Shares Outstanding429.69M
Float416.64M
Short % of Float+22.35%

Source: Nexqual, October 23, 2026 at 09:57 UTC.

Leadership (TTD)

The Trade Desk, Inc. is led by Jeffrey Terry Green, Co-Founder, CEO, President & Chairman, per Nexqual as of October 23, 2026 at 09:57 UTC.

Co-Founder, CEO, President & ChairmanJeffrey Terry Green
Chief Operating OfficerVivek Kundra
Chief Financial OfficerNathan Olmstead
Vice President of Investor RelationsChris Toth
Executive VP & Chief Marketing OfficerSarah Gavin

Major Backers & Investors (TTD)

Notable institutional backers of The Trade Desk, Inc. include Two Sigma Investments, LP, Invesco, Goldman Sachs, according to Nexqual as of October 23, 2026 at 09:57 UTC.

Active Investors

InvestorStake
Two Sigma Investments, LP3.97%
Invesco3.2%
Goldman Sachs3.13%
Alyeska Investment Group, L.p.2.59%
Federated Hermes, Inc.2.53%
Fidelity1.29%

Index Funds (Passive)

FundStake
Vanguard Group11%
BlackRock7.6%
State Street7.28%
Geode Capital3.76%

Source: Nexqual, October 23, 2026 at 09:57 UTC.

From The Trade Desk, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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LFTOLiftoff Mobile, Inc.USD 16.32▼ 1.03%
STGWStagwell Inc.USD 8.99▲ 0.78%
DVDoubleVerify Holdings, Inc.USD 13.56▼ 0%
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:57 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt