Revenue Growth Momentum
TTD grew Q1 FY2026 revenue 11.8% year-over-year to $688.9M (from $616.0M), demonstrating continued demand for its programmatic advertising platform despite a challenging macro environment for ad spending.
Trade Desk, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: TTD delivered 11.8% revenue growth to $688.9M in Q1 FY2026, with strong operating cash flow of $391.8M (+34.4% YoY), though net income fell 21.1% to $40.0M as cost of revenue surged 27.4% and cash balances declined amid ongoing share buybacks.
Drawn from management commentary in the Q1 2026 10-Q:
TTD grew Q1 FY2026 revenue 11.8% year-over-year to $688.9M (from $616.0M), demonstrating continued demand for its programmatic advertising platform despite a challenging macro environment for ad spending.
Cost of revenue rose a steep 27.4% YoY to $182.0M, outpacing revenue growth of 11.8%, which compressed gross profit margins and signals rising infrastructure or data costs associated with scaling the platform.
Operating income grew 22.4% YoY to $66.6M, pushing operating margin to 9.7% from 8.8% in the prior year period, suggesting that operating expense discipline (outside of cost of revenue) is improving.
Revenue
$688.86M
++11.82% YoY
EPS (Basic)
$0.08
-20.00% YoY
Operating Income
$66.65M
++22.40% YoY
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