TTD · 10-Q · 2026Q2 · Full report

Operating Income and Margins

Trade Desk, Inc. · 2026-08-06 · Importance 59 · Surprise 48 · In source text

Second-quarter income from operations declined to $101.6 million from $116.8 million, while six-month income from operations declined to $168.2 million from $171.2 million. Net income fell 29% to $64.4 million in the second quarter and 26% to $104.4 million for the six months ended June 30, 2026. Adjusted EBITDA decreased 11% to $241.3 million in the second quarter and 7% to $447.3 million for six months. Higher platform operations, sales and marketing, and technology costs more than offset revenue growth, while lower general and administrative expense partly mitigated the profitability decline.

Key facts

• Net income decreased by $25,735, or 29%, for the three months ended June 30, 2026 compared with the three months ended June 30, 2025. source
• Six months ended June 30, 2026 Net income: $104,391 (in thousands). source
• Net income decreased by $36,416, or 26%, for the six months ended June 30, 2026 compared with the six months ended June 30, 2025. source
• Three months ended June 30, 2025 Net income: $90,129 (in thousands). source
• Six months ended June 30, 2025 Net income: $140,807 (in thousands). source
• Three months ended June 30, 2026 Net income: $64,394 (in thousands). source

Impact estimates