Toast (TOST) Operating Expenses (2020 - 2026)

Toast (TOST) posted quarterly Operating Expenses of $337.0 million for Q1 2026, up 11.22% YoY from $303.0 million in Q1 2025, and little changed sequentially from $338.0 million in Q4 2025.

Toast (TOST) Operating Expenses (2020 - 2026) Analysis & Trends

Toast has disclosed Operating Expenses across 7 years of filings, most recently posting $337.0 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 11.22% year-over-year to $337.0 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 13.81% YoY), while the FY2025 annual figure was $1.3 billion, up 10.82% from the prior year.
  • Operating Expenses was little changed at $337.0 million in Q1 2026, 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.
  • The 5-year median for Operating Expenses is $288.0 million (2023), against an average of $284.1 million.
  • Annual changes were most pronounced in 2022 — Operating Expenses surged 156.76% — and 2024, when it dropped 2.43%.
  • 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.
  • According to Business Quant data, Operating Expenses over the past three periods registered $337.0 million, $338.0 million, and $348.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 10.85 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.05 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 979.89 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 517.59 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.57 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.08 Bn
10 Toast 16.87 Bn 15.10 Bn 447.00 Mn 337.00 Mn

Historic Data

Download Data
DateValue
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