Toast (TOST) Gross Margin (2020 - 2026)
Toast (TOST) posted quarterly Gross Margin of 27.42% for Q1 2026, up 154.0% year-over-year from 10.8% in Q1 2025, and up 5.87% quarter-over-quarter from 25.9% in Q4 2025.
Toast (TOST) Gross Margin (2020 - 2026) Analysis & Trends
Toast (TOST) has reported Gross Margin for 7 consecutive years, with 27.42% the latest figure, recorded in 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 rose to 27.42% in Q1 2026 per TOST's latest filing, from 25.9% in the prior quarter.
- Across five years, Gross Margin topped out at 27.42% in Q1 2026 and bottomed at 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.
- Toast's Gross Margin stood at 20.57% in 2022, then grew by 6 bps to 21.81% in 2023, then advanced by 14 bps to 24.89% in 2024, then rose by 4 bps to 25.9% in 2025, then rose by 6 bps to 27.42% in 2026.
- Business Quant data shows TOST's Gross Margin at 27.42% in Q1 2026, 25.9% in Q4 2025, and 26.45% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Toast | 20.22 Bn | 18.51 Bn | 516.00 Mn | 27.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.04% |
| 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% |