Trade Desk Inc (TTD)

Operating 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
Operating income (ttm)	US$ in thousands	475,019	452,962	427,167	376,296	305,492	252,445	200,480	156,202	147,329	107,399	113,654	-11,867	39,775	99,980	124,817	256,610	218,946	141,226	144,208	90,426
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
Operating profit margin		17.73%	17.63%	17.47%	16.29%	14.05%	12.29%	10.30%	8.53%	8.50%	6.53%	7.20%	-0.80%	2.86%	7.74%	10.43%	22.90%	21.14%	15.78%	17.25%	12.35%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $475,019K ÷ $2,679,088K
= 17.73%

The operating profit margin for Trade Desk Inc. exhibits notable variability over the analyzed period, reflecting fluctuations in operating efficiency and profitability resilience. Starting at 12.35% as of September 30, 2020, the margin experienced a considerable increase, reaching a peak of 22.90% by September 30, 2021. This upward trend suggests enhancements in operational performance and effective cost management during this interval.

Subsequently, the margin declined sharply, dropping to 10.43% in December 2021 and further decreasing to 7.74% in March 2022. The downward trajectory continued into 2022, with the margin falling below zero to -0.80% by September 2022, indicating that operating expenses exceeded operating revenues during that period, which reflects operational challenges or increased costs.

However, the margin began to recover thereafter, rising to 7.20% in December 2022 and maintaining a gradual recovery through 2023, reaching 8.53% by September 2023. The positive trend persisted into 2024, with the margin increasing to 10.30% at year-end, and continuing an upward trajectory into 2025, reaching 17.73% by June 2025. This sustained improvement underscores a trend toward higher operating profitability and potential operational improvements.

Overall, the data illustrates periods of growth, decline, and recovery in operational efficiency, with the most recent figures indicating a positive and consolidating trend in Trade Desk Inc.'s operating profit margin.