Toast (TOST) Gross Margin (2020 - 2026)

Toast (TOST) posted quarterly Gross Margin of 27.42% for Q1 2026, up 154.0% YoY from 10.8% in Q1 2025, and up 5.87% sequentially from 25.9% in Q4 2025.

Toast (TOST) Gross Margin (2020 - 2026) Analysis & Trends

Toast has disclosed Gross Margin across 7 years of filings, most recently posting 27.42% for Q1 2026.

  • In Q1 2026, Gross Margin rose 154.0% year-over-year to 27.42%; the TTM figure through Mar 2026 stood at 26.28% (up 163.0% YoY), while the FY2025 annual figure was 25.89%, up 190.0% from the prior year.
  • Gross Margin improved to 27.42% in Q1 2026, 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.
  • The 5-year median for Gross Margin is 23.03% (2024), against an average of 22.76%.
  • The widest YoY moves for Gross Margin: up 632 bps in 2022, down 783 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 20.57% in 2022, then climbed by 6 bps to 21.81% in 2023, then gained by 14 bps to 24.89% in 2024, then increased by 4 bps to 25.9% in 2025, then increased by 6 bps to 27.42% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 27.42%, 25.9%, and 26.45% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 67.63%
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 89.22%
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 86.78%
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 73.59%
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 76.12%
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 80.29%
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 71.21%
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 73.54%
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 48.03%
10 Toast 16.87 Bn 15.10 Bn 447.00 Mn 27.42%

Historic Data

Download Data
DateValue
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%