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Tuesday 3 November 2026 Export TOST’s income statement to Excel — free account

Toast, Inc.

TOST Technology Software Infrastructure

Toast, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.2 billion, up 24.1% from fiscal 2024.

Revenue
+23.1%
EPS
+92.9%
Free cash flow
−37.5%

Quarter to June 2026, against a year earlier

33.72 0.30 +0.90%
Market cap
$19.4B
P/E
40.6×
Fwd P/E
33.1×
Dividend yield
—
F-score
7/9
Altman Z
14.49
Beneish M
−2.91
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Toast, Inc. (TOST) Earnings & Analysis

Updated · Covers results through Q2 FY2026 · How this is made

Latest quarter

Toast reported Q2 FY2026 revenue of $1.9 billion, compared with $1.6 billion in Q2 FY2025, while the company said revenue was 1.88% above the consensus; the consensus and reported revenue were each $1.9 billion as presented. Toast reported adjusted EPS of $0.34 against consensus adjusted EPS of $0.32, which the company said was 6.25% above the consensus. The filing said total revenue increased 23% from a year earlier, primarily because financial technology solutions and subscription services revenue rose with more Locations on the platform and continued product adoption.

Toast’s filing reported approximately 180,000 Locations as of June 30, 2026, up 22% from a year earlier, and $215 billion in trailing-12-month gross payment volume. Gross margin was 27.0%, versus 25.3% a year earlier, while operating margin was 7.97%, versus 5.16%. Diluted EPS was $0.26, compared with $0.13 in Q2 FY2025. Free cash flow was $130.0 million, compared with $208.0 million a year earlier. The filing said total costs of revenue increased 20%, primarily from higher financial technology solutions costs associated with gross payment volume, partly offset by a one-time benefit related to tariff refunds.

Q2 FY2026 Q2 FY2025 Change
Revenue $1.9 billion $1.6 billion 23.1%
Diluted EPS $0.26 $0.13 100.0%
Gross margin 27.0% 25.3% 1.8 percentage points
Operating margin 7.97% 5.16% 2.8 percentage points
Free cash flow $130.0 million $208.0 million −37.5%
Against the consensus Reported Consensus Result
Adjusted EPS $0.34 $0.32 Beat by 6.25%
Revenue $1.9 billion $1.9 billion Beat by 1.88%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

Toast did not make a latest earnings call available for this page. As a result, Toast provided no available call commentary here on demand, pricing, margins, investment, competition, the quarter ahead, or analyst questions and answers.

Guidance

Toast raised its FY2026 adjusted EBITDA outlook to $805.0 million–$825.0 million from its previous range, according to the company’s results release. Toast also expects Q3 FY2026 adjusted EBITDA of $210.0 million–$220.0 million.

Metric For Guide Previous guide Change
EBITDA, non-GAAP FY2026 $805.0 million–$825.0 million — New
EBITDA, non-GAAP Q3 FY2026 $210.0 million–$220.0 million — New

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.