Toast (TOST) Operating Expenses (2020 - 2026)
Toast's (TOST) quarterly Operating Expenses came in at $337.0 million in Q1 2026, up 11.22% year-on-year from $303.0 million in Q1 2025, and little changed on a QoQ basis from $338.0 million in Q4 2025.
Toast (TOST) Operating Expenses (2020 - 2026) Analysis & Trends
Toast (TOST) has 7 years of Operating Expenses data on file, last reported at $337.0 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 11.22% year-over-year to $337.0 million in Q1 2026; TTM through Mar 2026 was $1.3 billion, a 13.81% increase from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 10.82% from the prior year.
- Operating Expenses for Q1 2026 stood at $337.0 million, roughly flat from $338.0 million in the prior quarter.
- Over the last five years, Operating Expenses for TOST reached as high as $348.0 million in Q3 2025 and fell as low as $190.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $284.1 million across 5 years, with a median of $288.0 million in 2023.
- Across the five-year window, Operating Expenses soared 156.76% in 2022 and decreased 2.43% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $257.0 million in 2022, then advanced by 9.73% to $282.0 million in 2023, then advanced by 6.74% to $301.0 million in 2024, then rose by 12.29% to $338.0 million in 2025, then fell by 0.3% to $337.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $337.0 million in Q1 2026, $338.0 million in Q4 2025, and $348.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Toast | 18.99 Bn | 17.22 Bn | 447.00 Mn | 337.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 337.00 Mn |
| Dec 31, 2025 | 338.00 Mn |
| Sep 30, 2025 | 348.00 Mn |
| Jun 30, 2025 | 312.00 Mn |
| Mar 31, 2025 | 303.00 Mn |
| Dec 31, 2024 | 301.00 Mn |
| Sep 30, 2024 | 288.00 Mn |
| Jun 30, 2024 | 281.00 Mn |
| Mar 31, 2024 | 305.00 Mn |
| Dec 31, 2023 | 282.00 Mn |
| Sep 30, 2023 | 285.00 Mn |
| Jun 30, 2023 | 288.00 Mn |
| Mar 31, 2023 | 266.00 Mn |
| Dec 31, 2022 | 257.00 Mn |
| Sep 30, 2022 | 236.00 Mn |
| Jun 30, 2022 | 212.00 Mn |
| Mar 31, 2022 | 190.00 Mn |
| Dec 31, 2021 | 189.00 Mn |
| Sep 30, 2021 | 138.00 Mn |
| Jun 30, 2021 | 140.00 Mn |