Toast (TOST) Gross Margin (2020 - 2026)
Toast (TOST) reported Gross Margin of 27.04% for Q2 2026, up 1.75 percentage points from 25.29% a year earlier but down 0.38 percentage points from the prior quarter.
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Analysis
Toast (TOST) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Toast's Gross Margin came in at 26.72%, up 1.53 percentage points year-over-year; for FY2025, it was 25.89%, up 1.90 percentage points from FY2024.
- Gross Margin has increased for six consecutive years, with a five-year change of +8.88 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 23.99% in FY2024 (+2.41 pp), 21.58% in FY2023 (+2.87 pp), 18.71% in FY2022 (+0.29 pp) and 18.42% in FY2021 (+1.41 pp).
- Five-year quarterly Gross Margin spans a low of 14.26% in Q4 2021 and a high of 27.42% in Q1 2026.
- Year over year, Gross Margin has now increased in each of the last 16 quarters, with an average year-over-year change of +2.12 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2022 (a gain of 6.32 percentage points); the low point was Q1 2022 (a drop of 7.83 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 27.42% (Q1 2026), 25.90% (Q4 2025) and 26.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 81.99% |
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% |
API Access
Toast Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TOST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TOST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TOST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();