Trade Desk Inc (TTD)

Net profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Net income (ttm)	US$ in thousands	417,194	412,094	393,076	308,170	253,364	201,274	178,940	152,804	129,321	77,309	53,385	-9,763	33,752	100,522	137,762	281,625	263,488	240,902	242,317	141,360
Revenue (ttm)	US$ in thousands	2,679,088	2,569,599	2,444,831	2,309,616	2,174,866	2,054,570	1,946,120	1,831,060	1,732,567	1,645,275	1,577,795	1,482,656	1,388,974	1,291,979	1,196,467	1,120,774	1,035,796	895,184	836,033	732,072
Net profit margin		15.57%	16.04%	16.08%	13.34%	11.65%	9.80%	9.19%	8.35%	7.46%	4.70%	3.38%	-0.66%	2.43%	7.78%	11.51%	25.13%	25.44%	26.91%	28.98%	19.31%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $417,194K ÷ $2,679,088K
= 15.57%

The net profit margin of Trade Desk Inc. has exhibited notable fluctuations over the specified periods. Starting from a robust 19.31% as of September 30, 2020, the margin increased significantly, reaching a peak of 28.98% at the end of 2020. Throughout 2021, the margin remained relatively high, averaging around 25%, with periodic slight declines, culminating in a figure of 25.13% as of September 30, 2021.

In subsequent periods, a downward trend is evident. The margin dropped sharply to 11.51% by the end of 2021, followed by a steep decline through 2022, culminating in a negative net profit margin of -0.66% as of September 30, 2022. This indicates a period of unprofitable operations within that timeframe.

Post-2022, the margin experienced a recovery phase, returning to positive territory by the end of that year at 3.38%. Over the course of 2023 and into 2024, the net profit margin demonstrated a steady upward trajectory, reaching 13.34% as of September 30, 2024. The trend continued into early 2025, with margins reaching approximately 16%, indicating improved profitability margins.

Overall, the data reflects an initial period of strong profitability, followed by a significant decline into negative territory, and subsequently a gradual recovery and enhancement of profit margins. These fluctuations suggest evolving operational efficiencies, market conditions, and potentially strategic adjustments impacting the company's profitability profile over the observed period.