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
DateValue
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