TTD · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Trade Desk, Inc. · 2026-08-06 · Importance 54 · Surprise 40 · From source text

Operating cash flow increased to $545.4 million in the first six months of 2026 from $456.4 million in the prior-year period. The 2026 operating-asset contribution was $127 million, driven by a $548 million decrease in accounts receivable and a $60 million decrease in prepaid expenses and other assets. Those benefits were partly offset by a $428 million reduction in accounts payable, a $36 million decrease in operating lease liabilities, and a $17 million decrease in accrued expenses and other liabilities. Accounts-receivable and accounts-payable changes primarily reflected the timing and seasonality of client collections and supplier payments.

Key facts

• For the six months ended June 30, 2026 cash provided by operating activities of $545 million resulted primarily from net income adjusted for noncash items of $418 million and a net increase from operating assets and liabilities of $127 million. source
• For the six months ended June 30, 2026 net increase from operating assets and liabilities included a $548 million decrease in accounts receivable and a $60 million decrease in prepaid expenses and other assets, partially offset by a $428 million decrease in accounts payable, a $36 million decrease in operating lease liabilities and a $17 million decrease in accrued expenses and other liabilities. source
• For the six months ended June 30, 2026 cash provided by operating activities: $545,399 (in thousands). source
• The company generated $545 million in cash flows from operating activities for the six months ended June 30, 2026. source
• For the six months ended June 30, 2025 net cash provided by operating activities: $456,446 (in thousands). source

Impact estimates