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Toast (TOST) Operating Expenses (2021 - 2025)

Toast (TOST) has disclosed Operating Expenses for 5 consecutive years, with $338.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 12.29% to $338.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.3 billion, a 10.72% increase, with the full-year FY2025 number at $1.3 billion, up 10.82% from a year prior.
  • Operating Expenses was $338.0 million for Q4 2025 at Toast, down from $348.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $348.0 million in Q3 2025 to a low of $74.0 million in Q1 2021.
  • A 5-year average of $251.7 million and a median of $281.5 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: surged 156.76% in 2022, then dropped 2.43% in 2024.
  • Toast's Operating Expenses stood at $190.0 million in 2021, then skyrocketed by 35.26% to $257.0 million in 2022, then rose by 9.73% to $282.0 million in 2023, then rose by 6.74% to $301.0 million in 2024, then grew by 12.29% to $338.0 million in 2025.
  • Per Business Quant, the three most recent readings for TOST's Operating Expenses are $338.0 million (Q4 2025), $348.0 million (Q3 2025), and $312.0 million (Q2 2025).