Stocks · Communication Services · Advertising Agencies
The Trade Desk, Inc. TTD
$11.95 -1.24% Close, Oct 2, 2026 · NASDAQ · Market cap $5.62B
High qualityWeak trendInexpensive vs sector
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Over the past year the stock returned -75.8%, behind the S&P 500 by 90.8 percentage points.
- At 14.1× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- The stock is 78% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Communication Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 33%
- EPS growth (TTM, YoY)Top 47%
- FCF growth (TTM, YoY)Top 45%
- Revenue growth, 3-year CAGRTop 15%
- Revenue growth accelerationBottom 18%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 16%
- Gross marginTop 11%
- Operating marginTop 19%
- Cash conversion (OCF / net income)Top 45%
- Accruals (lower is better)Top 34%
- Net debt / EBITDA (lower is better)Top 12%
- Interest coverTop 6%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 17%
- Free-cash-flow yieldTop 18%
- EBITDA / enterprise valueTop 18%
- Sales / enterprise valueTop 44%
- P/E vs own 5-year history (lower is better)Top 11%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 5%
- 6-month returnBottom 5%
- 1-year return vs S&P 500Bottom 5%
- Distance from 52-week highBottom 5%
- Trend checklist (0–4)Bottom 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 43%
- Consecutive EPS beatsBottom 18%
- Share of analysts rating BuyBottom 22%
- Upside to consensus price targetBottom 32%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 19%
- Maximum drawdown, 3 yearsBottom 4%
- Beta vs S&P 500 (lower is better)Bottom 50%
- Net debt / EBITDA (lower is better)Top 12%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 15.5% | 11.6% | ↓ |
| EPS growth (YoY) | 8.5% | 2.4% | ↓ |
| Gross margin | 79.4% | 83.0% | ↑ |
| Operating margin | 17.7% | 19.6% | ↑ |
| FCF margin | 27.8% | 28.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 11.6% | 15.5% | ↓ | Top 33% |
| EPS growth (TTM, YoY) | 2.4% | 8.5% | ↓ | Top 47% |
| Gross margin | 83.0% | 79.4% | ↑ | Top 11% |
| Operating margin | 19.6% | 17.7% | ↑ | Top 19% |
| Net margin | 13.6% | 15.6% | ↓ | — |
| Free-cash-flow margin | 28.8% | 27.8% | ↑ | — |
| Return on invested capital | 12.2% | — | Top 16% | |
| Revenue growth, 3-year CAGR | 22.4% | — | Top 15% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.66×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -11.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 15.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -13.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.86×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 47.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 16.91%
- Shareholder yield
- 16.91%
- Share count change, 1 year
- -5.2%
- Share count change, 3-year CAGR
- -2.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -0.0%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $14.72
- Target vs current price
- +23.2%
- Analysts with a rating
- 47
- Share rating Buy or Strong Buy
- 36%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | -21.2% | -6.8% | -28.9% | -23.3% | — |
| May 7, 2026 | -8.4% | -2.2% | -14.7% | -12.4% | -23.8% |
| Feb 25, 2026 | +15.1% | +0.9% | +0.2% | -10.4% | -15.7% |
| Nov 6, 2025 | +14.4% | -3.8% | -8.2% | -17.5% | -43.0% |
| Aug 7, 2025 | +1.4% | -1.4% | -39.3% | -42.0% | -45.3% |
| May 8, 2025 | -27.4% | +6.1% | +40.2% | +25.9% | +59.0% |
| Feb 12, 2025 | +3.5% | +1.7% | -36.2% | -49.9% | -50.2% |
| Nov 7, 2024 | +3.8% | +6.2% | +2.0% | +9.3% | -8.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.14 | $0.18 | -21.2% | $715.1M |
| May 7, 2026 | $0.08 | $0.09 | -8.4% | $688.9M |
| Feb 25, 2026 | $0.39 | $0.34 | +15.1% | $846.8M |
| Nov 6, 2025 | $0.23 | $0.20 | +14.4% | $739.0M |
| Aug 7, 2025 | $0.18 | $0.18 | +1.4% | $694.0M |
| May 8, 2025 | $0.10 | $0.14 | -27.4% | $616.0M |
| Feb 12, 2025 | $0.59 | $0.57 | +3.5% | $741.0M |
| Nov 7, 2024 | $0.41 | $0.39 | +3.8% | $628.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.1× | 192.2× | 0th | Top 17% |
| P/E (forward) | 30.4× | — | — | — |
| EV / EBITDA | 6.2× | — | — | Top 18% |
| EV / Sales | 1.65× | — | — | Top 44% |
| Free-cash-flow yield | 15.32% | — | — | Top 18% |
| Earnings yield | 7.11% | — | — | Top 17% |
P/E over the past five years
Range 20.8× – 429.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -75.8%
- Earnings per share growth (TTM)
- +2.4%
- Change in P/E multiple
- -80.5%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -12.7%
- 200-day average slope (20 days)
- -10.2%
- Distance from 50-day average
- -17.7%
- Distance from 200-day average
- -47.1%
- RSI (14)
- 29.6
- Relative volume
- 0.87×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 68.7%
- Volatility vs own 5-year history
- 56th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.92
- Correlation with S&P 500
- 0.22
- Current drawdown from 1-year high
- -77.9%
- Maximum drawdown, 3 years
- -91.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 4, 2024 | Oct 2, 2026 | -91.4% | 457 days | Not yet recovered |
| Nov 16, 2021 | Nov 9, 2022 | -64.3% | 247 days | 477 days (Oct 4, 2024) |
| Dec 22, 2020 | May 10, 2021 | -49.6% | 94 days | 131 days (Nov 12, 2021) |
| Oct 14, 2020 | Nov 2, 2020 | -14.5% | 13 days | 4 days (Nov 6, 2020) |
| Nov 6, 2020 | Nov 10, 2020 | -13.7% | 2 days | 8 days (Nov 20, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $5.62B
- P/E (TTM)
- 14.1
- EPS, diluted (TTM)
- $0.85
- Revenue (TTM)
- $2.99B
- 52-week range
- $11.77 – $56.39
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.20B | $1.58B | $1.95B | $2.44B | $2.90B |
| Gross profit | $974.9M | $1.30B | $1.58B | $1.97B | $2.28B |
| Operating income | $124.8M | $113.7M | $200.5M | $427.2M | $589.3M |
| Net income | $137.8M | $53.4M | $178.9M | $393.1M | $443.3M |
| EPS (diluted) | $0.28 | $0.11 | $0.36 | $0.78 | $0.91 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $628.0M | $741.0M | $616.0M | $694.0M | $739.4M | $846.8M | $688.9M | $715.1M |
| Net income | $94.2M | $182.2M | $50.7M | $90.1M | $115.5M | $186.9M | $40.0M | $64.4M |
| EPS (diluted) | $0.19 | $0.36 | $0.10 | $0.18 | $0.23 | $0.40 | $0.08 | $0.14 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $378.5M | $548.7M | $598.3M | $739.5M | $992.7M |
| Capital expenditure | -$60.0M | -$91.9M | -$55.0M | -$107.1M | -$197.0M |
| Free cash flow | $318.5M | $456.8M | $543.3M | $632.4M | $795.7M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $0 | $0 | -$646.6M | -$234.8M | -$1.31B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.49B
- Total assets
- $5.76B
- Total liabilities
- $3.19B
- Total debt
- $434.1M
- Net debt
- -$688.9M
- Shareholders’ equity
- $2.57B
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 88,527,735
- Days to cover
- 4.82
- Change vs previous report
- +1.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 17, 2021
- 10-for-1