Toast (TOST) Net Margin (2020 - 2026)
Toast (TOST) recorded Net Margin of 8.07% in Q2 2026, up 2.91 percentage points from 5.16% a year earlier and up 0.34 percentage points from the prior quarter.
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Analysis
Toast (TOST) Net Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Toast's Net Margin came in at 7.14% as of Jun 30, 2026, up 3.09 percentage points year-over-year; for FY2025, it was 5.56%, up 5.18 percentage points from FY2024.
- Annual Net Margin has increased for six straight years, with a five-year change of +35.81 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 0.38% in FY2024 (+6.75 pp), -6.36% in FY2023 (+3.70 pp), -10.07% in FY2022 (+18.49 pp) and -28.56% in FY2021 (+1.69 pp).
- The Q2 2026 figure is the highest quarterly Net Margin in data going back to Q3 2020.
- On a year-over-year basis, Net Margin has increased for 12 consecutive quarters, with an average year-over-year change of +5.19 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 39.23 percentage points in Q3 2022, against a drop of 25.82 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.73% (Q1 2026), 6.18% (Q4 2025) and 6.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.47% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 3.19% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 8.07% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 19.80% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | -48.53% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.11% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 16.91% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 5.95% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 19.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.07% |
| Mar 31, 2026 | 7.73% |
| Dec 31, 2025 | 6.18% |
| Sep 30, 2025 | 6.43% |
| Jun 30, 2025 | 5.16% |
| Mar 31, 2025 | 4.19% |
| Dec 31, 2024 | 2.39% |
| Sep 30, 2024 | 4.29% |
| Jun 30, 2024 | 1.13% |
| Mar 31, 2024 | -7.72% |
| Dec 31, 2023 | -3.47% |
| Sep 30, 2023 | -3.00% |
| Jun 30, 2023 | -10.02% |
| Mar 31, 2023 | -9.89% |
| Dec 31, 2022 | -13.02% |
| Sep 30, 2022 | -13.03% |
| Jun 30, 2022 | -8.00% |
| Mar 31, 2022 | -4.30% |
| Dec 31, 2021 | 0.20% |
| Sep 30, 2021 | -52.26% |
API Access
Toast Net 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=net-margin&ticker=TOST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TOST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();