TTM
28.2%
YoY change
+1.61pp
Trough year (2015)
-38.2%
Peak year (2020)
38.9%
Latest annual
27.5%
FCF Margin history chart for Trade Desk (TTD) from 2014 to 2025
Latest: 27.5%
FCF Margin change chart for Trade Desk (TTD) from 2014 to 2025
Latest: +1.61pp
FCF Margin history table for Trade Desk (TTD) from 2014 to 2025
| 2025 | 27.5% | +1.61pp | ||
| 2024 | 25.9% | -2.05pp | ||
| 2023 | 27.9% | -1.04pp | ||
| 2022 | 29.0% | +2.33pp | ||
| 2021 | 26.6% | -12.25pp | ||
| 2020 | 38.9% | +35.90pp | ||
| 2019 | 3.0% | -9.90pp | ||
| 2018 | 12.9% | +6.97pp | ||
| 2017 | 5.9% | -26.54pp | ||
| 2016 | 32.4% | +70.63pp | ||
| 2015 | -38.2% | -1.16pp | ||
| 2014 | -37.0% | — |
- 202527.5%+1.61pp
- 202425.9%-2.05pp
- 202327.9%-1.04pp
- 202229.0%+2.33pp
- 202126.6%-12.25pp
- 202038.9%+35.90pp
- 20193.0%-9.90pp
- 201812.9%+6.97pp
- 20175.9%-26.54pp
- 201632.4%+70.63pp
- 2015-38.2%-1.16pp
- 2014-37.0%—
FCF Margin values are taken from Trade Desk's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Trade Desk (TTD)
According to Trade Desk's latest reported financial statements, the company's latest reported free cash flow margin is 28.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Trade Desk (TTD) free cash flow margin is 27.47% – expanded 1.6 percentage points year-over-year.
The record annual free cash flow margin stands at 38.87%, reached in 2020; the historical low of -38.20% was recorded in 2015.
Trade Desk FCF Margin by Year
Trade Desk FCF Margin 2025: 27.5%
Trade Desk free cash flow margin in 2025 was 27.47%, expanded 1.6 percentage points from 2024.
Trade Desk FCF Margin 2024: 25.9%
2024's free cash flow margin for Trade Desk came in at 25.87%, contracted 2.1 percentage points from 2023.
Trade Desk FCF Margin 2023: 27.9%
Trade Desk posted free cash flow margin of 27.92% in 2023, contracted 1.0 percentage points from 2022.
Trade Desk FCF Margin 2022: 29.0%
In 2022, Trade Desk reported free cash flow margin of 28.95%, expanded 2.3 percentage points from 2021.
Trade Desk FCF Margin 2021: 26.6%
Trade Desk free cash flow margin in 2021 was 26.62%.
See more financial history for Trade Desk (TTD).
Sector peers by FCF Margin
Communication Services peers of Trade Desk (TTD), ranked by their latest free cash flow margin
| 25.4% | |
| 22.4% | |
| 20.1% | |
| 18.2% | |
| 15.2% | |
| 14.4% | |
| 13.7% | |
| 7.3% |
- 25.4%
- 22.4%
- 20.1%
- 18.2%
- 15.2%
- 14.4%
- 13.7%
Frequently asked questions
Trade Desk (TTD) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation