Q1 26 EPS
$0.28
Q1 26 Revenue
$688.9M
vs S&P Since Q1 26
-17.6%
TRAILING MARKET
TTD -17.6% vs S&P 0.0%
Market Reaction
Did TTD Beat Earnings? Q1 2026 Results
The Trade Desk delivered a mixed first quarter for fiscal 2026, posting revenue of $688.86 million, up 11.8% year over year, as growth decelerated meaningfully from the 25% pace set in Q1 2025 and raised questions about the platform's near-term momen… Read more The Trade Desk delivered a mixed first quarter for fiscal 2026, posting revenue of $688.86 million, up 11.8% year over year, as growth decelerated meaningfully from the 25% pace set in Q1 2025 and raised questions about the platform's near-term momentum. Non-GAAP diluted EPS came in at $0.28, down from $0.33 a year ago, while Adjusted EBITDA margin compressed to 30% from 34%, reflecting a rise in total operating expenses to $622.21 million. The margin pressure was broad-based, with increases across platform operations, sales and marketing, and technology development. CEO Jeff Green pointed to strategic platform investments as the driver, unveiling Koa Agents, an agentic AI suite for media planning, alongside OpenAds, which has drawn publishers including The Guardian and Hearst; a partnership with Dollar General further illustrated the platform's expanding retail media reach. Customer retention held above 95%, and management guided Q2 2026 revenue to at least $750 million with Adjusted EBITDA of approximately $260 million, signaling an anticipated return to stronger sequential growth.
Key Takeaways
- • 12% year-over-year revenue growth to $689 million
- • Customer retention remained over 95%
- • Strategic platform upgrades contributing to outperformance
- • Adjusted EBITDA margin of 30%
TTD YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Q1 was another strong quarter for The Trade Desk, with revenue growing to $689 million, representing 12% year-over-year growth.”
— Jeff Green, Q1 2026 Earnings Press Release
TTD Earnings Trends
TTD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TTD EPS Trend
Earnings per share: estimate vs actual
TTD Revenue Trend
Quarterly revenue: estimate vs actual
TTD Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 | — | $0.28 | — | $688.9M | — |
| Q4 25 BEAT FY | $0.34 | $0.59 | +73.58% | $846.8M | — |
| FY Full Year | $1.76 | $1.77 | +0.52% | $2.90B | +0.25% |
| Q3 25 BEAT | $0.44 | $0.45 | +1.86% | $739.4M | +2.79% |
| Q2 25 MISS | $0.41 | $0.41 | -0.92% | $694.0M | +1.17% |
| Q1 25 BEAT | $0.25 | $0.33 | +33.23% | $616.0M | +7.08% |
| Q4 24 BEAT FY | $0.57 | $0.59 | +3.60% | $741.0M | — |
| FY Full Year | — | $1.66 | — | $2.44B | — |
| Q2 23 BEAT | $0.26 | $0.28 | +7.69% | $464.3M | — |