Toast (TOST) Cost of Revenue (2020 - 2026)
Toast's (TOST) quarterly Cost of Revenue came in at $1.4 billion in Q2 2026, up 20.21% year-over-year from $1.2 billion in Q2 2025, and up 17.67% quarter-over-quarter from $1.2 billion in Q1 2026.
Analysis
Toast (TOST) Cost of Revenue (2020 - 2026) Analysis & Trends
Toast (TOST) has reported Cost of Revenue for 7 consecutive years, with $1.4 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 20.21% year-over-year to $1.4 billion in Q2 2026; TTM through Jun 2026 was $5.0 billion, a 20.52% 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 was $1.4 billion for Q2 2026 at Toast, up from $1.2 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.4 billion in Q2 2026 and troughed at $446.0 million in Q1 2022.
- A 5-year average of $897.5 million and a median of $891.0 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 109.39% in 2022 and gained 19.37% in 2026, its largest moves.
- Over 5 years, Cost of Revenue stood at $610.0 million in 2022, then jumped by 32.79% to $810.0 million in 2023, then advanced by 24.07% to $1.0 billion in 2024, then grew by 20.4% to $1.2 billion in 2025, then rose by 15.04% to $1.4 billion in 2026.
- The last three Cost of Revenue figures came in at $1.4 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Toast | 19.19 Bn | 17.48 Bn | 516.00 Mn | 1.39 Bn |
| 2 | Agilysys | 3.05 Bn | 2.93 Bn | 55.66 Mn | 32.02 Mn |
| 3 | Diebold Nixdorf | 2.30 Bn | 2.02 Bn | 239.60 Mn | 691.20 Mn |
| 4 | Lightspeed Commerce | 1.42 Bn | 1.05 Bn | 138.56 Mn | 184.15 Mn |
| 5 | NCR Voyix | 1.17 Bn | 914.10 Mn | 177.00 Mn | 346.00 Mn |
| 6 | Par Technology | 747.19 Mn | 669.24 Mn | 56.58 Mn | 76.83 Mn |
| 7 | A2Z Cust2Mate Solutions | 225.45 Mn | 210.67 Mn | 2.51 Mn | 3.39 Mn |
| 8 | Transact Technologies | 54.43 Mn | 35.04 Mn | 7.00 Mn | 6.95 Mn |
| 9 | Table Trac | 27.71 Mn | 19.55 Mn | 2.96 Mn | 1.28 Mn |
| 10 | J & Friends Holdings | 15.30 Mn | 14.32 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.39 Bn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.21 Bn |
| Sep 30, 2025 | 1.20 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Mar 31, 2025 | 991.00 Mn |
| Dec 31, 2024 | 1.01 Bn |
| Sep 30, 2024 | 983.00 Mn |
| Jun 30, 2024 | 956.00 Mn |
| Mar 31, 2024 | 826.00 Mn |
| Dec 31, 2023 | 810.00 Mn |
| Sep 30, 2023 | 806.00 Mn |
| Jun 30, 2023 | 770.00 Mn |
| Mar 31, 2023 | 645.00 Mn |
| Dec 31, 2022 | 610.00 Mn |
| Sep 30, 2022 | 601.00 Mn |
| Jun 30, 2022 | 562.00 Mn |
| Mar 31, 2022 | 446.00 Mn |
| Dec 31, 2021 | 439.00 Mn |
| Sep 30, 2021 | 403.00 Mn |