Company / Operating Margin
Trade Desk (The) Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
20.3%
FY2025
5-year range
10.3% / 20.3%
FY2021-FY2025
Trend
+16.5%
vs FY2024
Sector context
#10 of 62
Communication Services
What the data says
Trade Desk (The)'s operating margin of 20.3% is higher than 84% of companies in the Communication Services sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 10.3% in FY2023 to 28.3% in FY2018.
Based on SEC 10-K filings.
20.3% in FY2025 with a 5-year CAGR of -2.1%. Top quartile in the Communication Services sector.
Improved from 10.3% to 20.3% over the past 2 years.
Communication Services sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +3.1pp
- 5-Year Change
- -2.1pp
- 10-Year Change
- -
Sector benchmark
+542.1% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 16.5% year-over-year.
- Currently 17.2pp above the Communication Services sector average.
- Peak operating margin was recorded in FY2018.
- Lowest operating margin in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score 1.20 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 20.3% | +16.5% |
| FY2024 | 17.5% | +69.6% |
| FY2023 | 10.3% | -40.3% |
| FY2022 | 17.3% | +1.6% |
| FY2021 | 17.0% | -24.5% |
| FY2020 | 22.5% | -0.0% |
| FY2019 | 22.5% | -20.6% |
| FY2018 | 28.3% | +26.0% |
| FY2017 | 22.5% | -20.6% |
| FY2016 | 28.3% | -15.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026