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

Toast, Inc. (TOST) Gross margin

Alert me on Gross margin

Toast, Inc.'s gross margin over the twelve months to 30 June 2026 was 26.7%, up 0.8 percentage points from fiscal 2025 (25.9%). Over the past ten years it has ranged from 9.32% (fiscal 2019) to 25.9% (fiscal 2025) — the current reading is the highest in ten years. That is below the Software Infrastructure industry median of 59.2% and below the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 25.9% 1.90
FY2024 24.0% 2.41
FY2023 21.6% 2.87
FY2022 18.7% 0.29
FY2021 18.4% 1.41
FY2020 17.0% 7.69
FY2019 9.32% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 27.0% (0.38)
Mar 2026 27.4% 1.52
Dec 2025 25.9% (0.55)
Sep 2025 26.5% 1.16
21 more quarters

Against its own ten years

Low 9.32% High 25.9%
Ten-year median 18.7%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
CHKP Check Point Software Technologies Ltd. compare 87.5%
NTNX Nutanix compare 86.8%
FFIV F5, Inc. compare 81.9%
RBRK Rubrik, Inc. compare 80.2%
GEN Gen Digital Inc. compare 77.4%
IOT Samsara Inc. compare 76.4%
KSPI Joint Stock Company Kaspi.kz Sponsored ADR compare 76.1%
GDDY GoDaddy Inc. compare 63.8%
TOST Toast, Inc. 26.7%
Software Infrastructure industry median 59.2%
Technology sector median 47.1%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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