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| 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% |