TTD · 10-Q · 2026Q2 · Full report
Capital Return Program
Trade Desk, Inc. · 2026-08-06 · Importance 58 · Surprise 42 · No source text
In February 2026, the board authorized an additional $350 million under the existing share-repurchase program, increasing total authorization available for future repurchases to $500 million. Trade Desk repurchased and retired 10 million Class A shares for $233 million during the six months ended June 30, 2026, including an immaterial amount of the Inflation Reduction Act’s 1% excise tax. Remaining authorization was $269 million at June 30, 2026, and repurchases remain discretionary and subject to market conditions and corporate needs.
Key facts
- In February 2026 an additional $350 million was authorized under the share repurchase program, bringing total available for future repurchases to $500 million. source
- As of December 31, 2025, $150 million remained available and authorized for repurchases under the share repurchase program. source
- As of June 30, 2026, $269 million remained available and authorized for repurchases under the share repurchase program. source
- For the six months ended June 30, 2026 cash used in financing activities: $(245,514) (in thousands). source
- During the six months ended June 30, 2026 the company repurchased and retired 10 million shares of Class A common stock for an aggregate repurchase amount of $233 million. source
- During the three months ended June 30, 2026 the company repurchased and retired 3 million shares of Class A common stock for an aggregate repurchase amount of $59 million. source
- For the six months ended June 30, 2026 cash used in financing activities consisted of $241 million of cash paid for repurchases of Class A common stock and $21 million of taxes paid for restricted stock settlements, partially offset by $12 million of proceeds from ESPP and $5 million of proceeds from stock option exercises. source
- For the six months ended June 30, 2025 net cash used in financing activities: $(583,367) (in thousands). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +5.9% | For the six months ended June 30, 2026 cash used in financing activities consisted of $241 million of cash paid for repurchases of Class A… |
| cash | negative | realized | -4.0% | During the six months ended June 30, 2026 the company repurchased and retired 10 million shares of Class A common stock for an aggregate… |
| cash | negative | committed | -4.0% | As of June 30, 2026, $269 million remained available and authorized for repurchases under the share repurchase program. |