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)
- Last four reported quarters (through Jun 30, 2026): revenue $2.99B, net income $407M (13.6% margin), free cash flow $863M (SEC filings).
- Valuation: P/E 15.3x (avg 131.2x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $1.1M; 1 not under a Rule 10b5-1 plan ($1.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.14 on a 1–5 scale) (36 analysts), mean target USD 13.53 (range 9–20).
- Total return with dividends: 1Y -75.7% vs S&P 500 +14.9%; 5Y -82.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.25, revenue estimate $651M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TTD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| 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 margin | 81.5% | 82.2% | 81.2% | 80.7% | 78.6% | — |
| Operating margin | 10.4% | 7.2% | 10.3% | 17.5% | 20.3% | 19.6% |
| Net margin | 11.5% | 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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-28 | Jacobson Samantha | Director | 53,681 | $1.1M | 80.4% | No | Too 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | UBS | Target lowered | Buy | $16 → $15 |
| 2026-09-18 | Guggenheim | Target raised | Neutral | $12 → $13 |
| 2026-09-09 | RBC Capital | Reiterated | Sector Perform | $15 |
| 2026-08-10 | DA Davidson | Downgrade | Buy → Neutral | $29 → $16 |
| 2026-08-10 | HSBC | Downgrade | Hold → Reduce | $10 |
| 2026-08-08 | Scotiabank | Target lowered | Sector Perform | $20 → $12 |
| 2026-08-07 | UBS | Target lowered | Buy | $28 → $16 |
| 2026-08-07 | Citigroup | Downgrade | Neutral → Sell | $21 → $11 |
| 2026-08-07 | Benchmark | Target lowered | Buy | $30 → $20 |
| 2026-08-07 | Guggenheim | Downgrade | Buy → Neutral | $25 → $12 |
| 2026-08-07 | Wells Fargo | Target lowered | Equal-Weight | $20 → $12 |
| 2026-08-07 | Needham | Target lowered | Buy | $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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| UNITED STATES | $2.48B | 85.5% | +16.1% |
| Non-US | $419.6M | 14.5% | +34.8% |
| Total revenue | $2.90B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TTD suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Alphabet (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.” |
| Competitor | Amazon (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)
- “Financial Guidance: Third Quarter 2026 outlook summary: • Revenue at least $650 million • Adjusted EBITDA of approximately $160 million The Company has not provided an outlook for GAAP net income or reconciliation of Adjusted EBITDA guidance to net income, the closest corresponding U.S.”
Quoted word-for-word from the SEC 8-K results press release.
TTD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.25 | $0.50 | -49.0% | $651.4M | 17 |
| Next quarter (ends Dec 2026) | $0.29 | $0.67 | -57.0% | $691.6M | 17 |
| Current fiscal year (ends Dec 2026) | $1.16 | $1.84 | -37.1% | $2.75B | 20 |
| Next fiscal year (ends Dec 2027) | $1.00 | $2.15 | -53.2% | $2.60B | 20 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 55.3% | ±6.7% |
| Nov 6, 2026 | 14 | 38.3% | ±8.6% |
| Nov 13, 2026 | 21 | 92.3% | ±18.1% |
| Nov 20, 2026 | 28 | 85.6% | ±19.3% |
| Nov 27, 2026 | 35 | 77.9% | ±19.5% |
| Dec 4, 2026 | 42 | 74.0% | ±20.3% |
| Dec 18, 2026 | 56 | 71.7% | ±22.7% |
| Jan 15, 2027 | 84 | 68.2% | ±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)
| Price | USD 13.16 |
|---|---|
| Change | ▲ 4.53% (up) |
| Previous Close | USD 12.59 |
| Open | USD 12.58 |
| Day Range | USD 12.57 – 13.17 |
| 52-Week Range | USD 11.62 – 55.11 |
| Volume | 14,642,882 shares |
| Market Cap | $6.22B |
| Exchange | NGM |
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 Signal | SELL |
|---|---|
| RSI (14) | 54.06 (neutral) |
| vs SMA50 | Below (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 Rating | Hold |
|---|---|
| Analyst Count | 36 |
| Mean Target | USD 13.53 |
| High Target | USD 20 |
| Low Target | USD 9 |
| Buy / Hold / Sell | 5 / 23 / 8 |
Earnings (TTD)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.25 |
| Revenue Estimate | $651.44M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.34 vs est 0.4 ▼ miss |
| 2026-03-31 | USD 0.28 vs est 0.32 ▼ miss |
| 2025-12-31 | USD 0.59 vs est 0.58 ▲ beat |
| 2025-09-30 | USD 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 / Equity | 0.17 |
| Current Ratio | 1.72 |
| 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.
| Growth | Strong — Revenue +18% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 77%, operating 14% (last 12 months) |
| Balance Sheet | Strong — $1.49B cash vs $434M debt, net cash position |
| Cash Flow | Strong — FCF $863M (last 4 quarters to Jun 2026, SEC), 29% margin |
| Efficiency | Solid — ROE 15%, ROA 6.3% |
Ownership (TTD)
| Insider Ownership | +2.60% |
|---|---|
| Institutional Ownership | +84.40% |
| Shares Outstanding | 429.69M |
| Float | 416.64M |
| 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 & Chairman | Jeffrey Terry Green |
|---|---|
| Chief Operating Officer | Vivek Kundra |
| Chief Financial Officer | Nathan Olmstead |
| Vice President of Investor Relations | Chris Toth |
| Executive VP & Chief Marketing Officer | Sarah 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
| Investor | Stake |
|---|---|
| Two Sigma Investments, LP | 3.97% |
| Invesco | 3.2% |
| Goldman Sachs | 3.13% |
| Alyeska Investment Group, L.p. | 2.59% |
| Federated Hermes, Inc. | 2.53% |
| Fidelity | 1.29% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11% |
| BlackRock | 7.6% |
| State Street | 7.28% |
| Geode Capital | 3.76% |
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)
- IAB Europe previously collaborated with the digital advertising industry to create a user-facing framework (the Transparency and Control Framework, or "TCF") for establishing and managing legal bases under the GDPR and other U.K. and EU privacy laws including the ePrivacy Directive (discussed below).
- We provide rich third-party datasets in our data marketplace to improve campaign performance, and we frequently help our clients drive campaign performance even further by ingesting their proprietary data directly, enabling greater decisioning and campaign optimization.
- By providing detailed reporting and actionable insights on our platform, we enable our clients to maximize value and target their budgets toward the most effective advertising inventory, data providers and channels. •We Are an Open Platform with a Rich Ecosystem.
- By using our APIs or by working with our engineering team, clients can invest their own resources to build their own proprietary tools for reporting, campaign strategy, custom algorithms, proprietary data use or other use cases.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to anti-bribery, anti-corruption and similar laws and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
- We are subject to governmental economic sanctions requirements and export and import controls that could impair our ability to compete in international markets or subject us to liability if we are not in compliance with applicable laws.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| WPP | WPP plc | USD 26.71 | ▲ 1.1% |
| MGNI | Magnite, Inc. | USD 23.13 | ▼ 2.07% |
| LFTO | Liftoff Mobile, Inc. | USD 16.32 | ▼ 1.03% |
| STGW | Stagwell Inc. | USD 8.99 | ▲ 0.78% |
| DV | DoubleVerify Holdings, Inc. | USD 13.56 | ▼ 0% |
| ZD | Ziff Davis, Inc. | USD 57.95 | ▲ 1.61% |
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.
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