Toast (TOST) Cost of Revenue (2020 - 2026)
Toast's (TOST) quarterly Cost of Revenue came in at $1.2 billion in Q1 2026, up 19.37% year-on-year from $991.0 million in Q1 2025, and down 2.23% on a QoQ basis from $1.2 billion in Q4 2025.
Toast (TOST) Cost of Revenue (2020 - 2026) Analysis & Trends
Toast (TOST) has 7 years of Cost of Revenue data on file, last reported at $1.2 billion in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 19.37% year-over-year to $1.2 billion in Q1 2026; TTM through Mar 2026 was $4.8 billion, a 20.76% increase from a year earlier, with the FY2025 full-year figure at $4.6 billion, up 20.95% from the prior year.
- Cost of Revenue for Q1 2026 stood at $1.2 billion, down from $1.2 billion in the prior quarter.
- Over the last five years, Cost of Revenue for TOST reached as high as $1.2 billion in Q4 2025 and fell as low as $446.0 million in Q1 2022.
- Historically, Cost of Revenue has averaged $868.4 million across 5 years, with a median of $826.0 million in 2024.
- Across the five-year window, Cost of Revenue jumped 109.39% in 2022 and rose 19.37% in 2026, its largest moves.
- Year by year, Cost of Revenue stood at $610.0 million in 2022, then surged by 32.79% to $810.0 million in 2023, then rose by 24.07% to $1.0 billion in 2024, then advanced by 20.4% to $1.2 billion in 2025, then declined by 2.23% to $1.2 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.2 billion in Q1 2026, $1.2 billion in Q4 2025, and $1.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 26.83 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 71.28 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 215.80 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 685.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 311.70 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 364.50 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Toast | 18.99 Bn | 17.22 Bn | 447.00 Mn | 1.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.18 Bn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.21 Bn |
| Dec 31, 2025 | 1.21 Bn |
| Sep 30, 2025 | 1.20 Bn |
| Sep 30, 2025 | 1.20 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Mar 31, 2025 | 991.00 Mn |
| Mar 31, 2025 | 991.00 Mn |
| Dec 31, 2024 | 1.01 Bn |
| Dec 31, 2024 | 1.01 Bn |
| Sep 30, 2024 | 983.00 Mn |
| Sep 30, 2024 | 983.00 Mn |
| Jun 30, 2024 | 956.00 Mn |
| Jun 30, 2024 | 956.00 Mn |
| Mar 31, 2024 | 826.00 Mn |
| Mar 31, 2024 | 826.00 Mn |
| Dec 31, 2023 | 810.00 Mn |
| Dec 31, 2023 | 810.00 Mn |