Toast (TOST) Operating Expenses (2020 - 2026)
Toast (TOST) reported Operating Expenses of $337.0 million for Q1 2026, up 11.22% year-over-year from $303.0 million in Q1 2025, and little changed quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $337.0 million, up 11.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 13.81% YoY), and the FY2025 annual result was $1.3 billion, up 10.82% from the prior year.
- Operating Expenses held at $337.0 million in Q1 2026 per TOST's latest filing, from $338.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $348.0 million in Q3 2025 and troughed at $190.0 million in Q1 2022.
- A 5-year average of $284.1 million and a median of $288.0 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 156.76% in 2022, then dropped 2.43% in 2024.
- A 5-year view of Operating Expenses shows it stood at $257.0 million in 2022, then increased by 9.73% to $282.0 million in 2023, then increased by 6.74% to $301.0 million in 2024, then climbed by 12.29% to $338.0 million in 2025, then slipped by 0.3% to $337.0 million in 2026.
- Business Quant data shows TOST's Operating Expenses at $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 | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Toast | 14.58 Bn | 12.81 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 |