TTD · 8-K · 20260806PR000085
Operating Income and Margins
Trade Desk, Inc. · 2026-08-06 · Importance 52 · Surprise 30 · In source text
Second-quarter GAAP net income declined 29% year over year to $64.4 million from $90.1 million, reducing net income margin to 9% from 13%. GAAP diluted EPS decreased to $0.14 from $0.18, while adjusted EBITDA declined 11% to $241.3 million from $270.8 million. Adjusted EBITDA margin fell to 34% from 39%, and first-half adjusted EBITDA margin fell to 32% from 37%.
Key facts
- Income from operations for the three months ended June 30, 2026: $101,577,000. source
- Income before income taxes for the three months ended June 30, 2026: $113,091,000. source
- Adjusted EBITDA for the three months ended June 30, 2026: $241,279,000. source
- Adjusted EBITDA for the six months ended June 30, 2026: $447,345,000. source
- Non-GAAP net income for the three months ended June 30, 2026: $157,554,000. source
- GAAP net income for the six months ended June 30, 2026: $104,391,000. source
- GAAP net income for the three months ended June 30, 2026: $64,394,000. source
- Net income margin for the three months ended June 30, 2026: 9%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | — | Income from operations for the three months ended June 30, 2026: $101,577,000. |
| net_income | positive | realized | — | Income before income taxes for the three months ended June 30, 2026: $113,091,000. |
| operating_income | positive | realized | — | Adjusted EBITDA for the three months ended June 30, 2026: $241,279,000. |
| operating_income | positive | realized | — | Adjusted EBITDA for the six months ended June 30, 2026: $447,345,000. |
| net_income | positive | realized | — | Non-GAAP net income for the three months ended June 30, 2026: $157,554,000. |