Toast (TOST) Gross Margin (2020 - 2026)
Toast's (TOST) quarterly Gross Margin came in at 27.42% in Q1 2026, up 154.0% year-on-year from 10.8% in Q1 2025, and up 5.87% on a QoQ basis from 25.9% in Q4 2025.
Toast (TOST) Gross Margin (2020 - 2026) Analysis & Trends
Toast (TOST) has 7 years of Gross Margin data on file, last reported at 27.42% in Q1 2026.
- On a quarterly basis, Gross Margin rose 154.0% year-over-year to 27.42% in Q1 2026; TTM through Mar 2026 was 26.28%, a 163.0% increase from a year earlier, with the FY2025 full-year figure at 25.89%, up 190.0% from the prior year.
- Gross Margin for Q1 2026 stood at 27.42%, up from 25.9% in the prior quarter.
- Over the last five years, Gross Margin for TOST reached as high as 27.42% in Q1 2026 and fell as low as 16.64% in Q1 2022.
- Historically, Gross Margin has averaged 22.76% across 5 years, with a median of 23.03% in 2024.
- On a YoY basis, Gross Margin climbed as much as 632 bps in 2022 and fell as far as 783 bps in 2022.
- Year by year, Gross Margin stood at 20.57% in 2022, then rose by 6 bps to 21.81% in 2023, then grew by 14 bps to 24.89% in 2024, then advanced by 4 bps to 25.9% in 2025, then advanced by 6 bps to 27.42% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 27.42% in Q1 2026, 25.9% in Q4 2025, and 26.45% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 37.74% |
| 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 | 86.78% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 71.21% |
| 10 | Toast | 18.99 Bn | 17.22 Bn | 447.00 Mn | 27.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.42% |
| Dec 31, 2025 | 25.90% |
| Sep 30, 2025 | 26.45% |
| Jun 30, 2025 | 25.29% |
| Mar 31, 2025 | 25.88% |
| Dec 31, 2024 | 24.89% |
| Sep 30, 2024 | 24.67% |
| Jun 30, 2024 | 23.03% |
| Mar 31, 2024 | 23.16% |
| Dec 31, 2023 | 21.81% |
| Sep 30, 2023 | 21.90% |
| Jun 30, 2023 | 21.27% |
| Mar 31, 2023 | 21.25% |
| Dec 31, 2022 | 20.57% |
| Sep 30, 2022 | 20.08% |
| Jun 30, 2022 | 16.74% |
| Mar 31, 2022 | 16.64% |
| Dec 31, 2021 | 14.26% |
| Sep 30, 2021 | 17.08% |
| Jun 30, 2021 | 20.89% |