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) Operating margin

Alert me on Operating margin

Toast, Inc.'s operating margin over the twelve months to 30 June 2026 was 6.33%, up 1.6 percentage points from fiscal 2025 (4.75%). Over the past ten years it has ranged from −32.0% (fiscal 2019) to 4.75% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.31%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 4.75% 4.43
FY2024 0.32% 7.75
FY2023 −7.43% 6.63
FY2022 −14.1% (0.69)
FY2021 −13.4% 13.36
FY2020 −26.7% 5.30
FY2019 −32.0% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 7.97% 1.22
Mar 2026 6.75% 1.54
Dec 2025 5.21% 0.07
Sep 2025 5.14% (0.02)
21 more quarters

Against its own ten years

Low −32.0% High 4.75%
Ten-year median −13.4%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
GEN Gen Digital Inc. compare 41.8%
CHKP Check Point Software Technologies Ltd. compare 29.0%
GDDY GoDaddy Inc. compare 25.7%
FFIV F5, Inc. compare 24.0%
NTNX Nutanix compare 9.60%
TOST Toast, Inc. 6.33%
IOT Samsara Inc. compare 1.05%
KSPI Joint Stock Company Kaspi.kz Sponsored ADR compare 0.00%
RBRK Rubrik, Inc. compare −18.3%
Software Infrastructure industry median 0.00%
Technology sector median 0.31%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on TOST