Toast (TOST) Gross Margin (2020 - 2026)
Toast's (TOST) quarterly Gross Margin came in at 27.04% in Q2 2026, up 175.0% year-over-year from 9.83% in Q2 2025, and down 1.38% quarter-over-quarter from 27.42% in Q1 2026.
Analysis
Toast (TOST) Gross Margin (2020 - 2026) Analysis & Trends
Toast (TOST) has reported Gross Margin for 7 consecutive years, with 27.04% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 175.0% year-over-year to 27.04% in Q2 2026; TTM through Jun 2026 was 26.72%, a 153.0% increase from a year earlier, with the FY2025 full-year figure at 25.89%, up 190.0% from the prior year.
- Gross Margin was 27.04% for Q2 2026 at Toast, down from 27.42% in the prior quarter.
- Over five years, Gross Margin peaked at 27.42% in Q1 2026 and troughed at 16.64% in Q1 2022.
- A 5-year average of 23.0% and a median of 23.1% in 2024 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 632 bps in 2022, down 783 bps in 2022.
- Over 5 years, Gross Margin stood at 20.57% in 2022, then advanced by 6 bps to 21.81% in 2023, then rose by 14 bps to 24.89% in 2024, then grew by 4 bps to 25.9% in 2025, then rose by 4 bps to 27.04% in 2026.
- The last three Gross Margin figures came in at 27.04% (Q2 2026), 27.42% (Q1 2026), and 25.9% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Toast | 19.26 Bn | 17.54 Bn | 516.00 Mn | 27.04% |
| 2 | Agilysys | 3.03 Bn | 2.91 Bn | 55.66 Mn | 63.48% |
| 3 | Diebold Nixdorf | 2.30 Bn | 2.02 Bn | 239.60 Mn | 25.74% |
| 4 | Lightspeed Commerce | 1.42 Bn | 1.05 Bn | 138.56 Mn | 42.94% |
| 5 | NCR Voyix | 1.17 Bn | 920.99 Mn | 177.00 Mn | 33.84% |
| 6 | Par Technology | 762.87 Mn | 684.93 Mn | 56.58 Mn | 42.41% |
| 7 | A2Z Cust2Mate Solutions | 228.03 Mn | 213.25 Mn | 2.51 Mn | 42.55% |
| 8 | Transact Technologies | 54.22 Mn | 34.84 Mn | 7.00 Mn | 50.20% |
| 9 | Table Trac | 27.71 Mn | 19.55 Mn | 2.96 Mn | 69.76% |
| 10 | J & Friends Holdings | 15.30 Mn | 14.32 Mn | - | - |
Historic Data
Download Data
Historic 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% |