Toast TOST
NYSE TOST
$33.26 -0.69 (-2.05%)
As of: Sep 8, 2026 · 3:59 PM EDT

Toast (TOST) Operating Expenses (2020 - 2026)

Toast's (TOST) quarterly Operating Expenses came in at $364.0 million in Q2 2026, up 16.67% year-over-year from $312.0 million in Q2 2025, and up 8.01% quarter-over-quarter from $337.0 million in Q1 2026.

Analysis

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

Toast (TOST) has reported Operating Expenses for 7 consecutive years, with $364.0 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 16.67% year-over-year to $364.0 million in Q2 2026; TTM through Jun 2026 was $1.4 billion, a 15.2% increase from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 10.82% from the prior year.
  • Operating Expenses was $364.0 million for Q2 2026 at Toast, up from $337.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $364.0 million in Q2 2026 and troughed at $190.0 million in Q1 2022.
  • A 5-year average of $288.5 million and a median of $288.0 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses jumped 156.76% in 2022 and slipped 2.43% in 2024, its largest moves.
  • Over 5 years, Operating Expenses stood at $257.0 million in 2022, then grew by 9.73% to $282.0 million in 2023, then grew by 6.74% to $301.0 million in 2024, then advanced by 12.29% to $338.0 million in 2025, then grew by 7.69% to $364.0 million in 2026.
  • The last three Operating Expenses figures came in at $364.0 million (Q2 2026), $337.0 million (Q1 2026), and $338.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Toast 19.26 Bn 17.54 Bn 516.00 Mn 364.00 Mn
2 Agilysys 3.03 Bn 2.91 Bn 55.66 Mn 45.92 Mn
3 Diebold Nixdorf 2.30 Bn 2.02 Bn 239.60 Mn 182.20 Mn
4 Lightspeed Commerce 1.42 Bn 1.05 Bn 138.56 Mn 144.10 Mn
5 NCR Voyix 1.17 Bn 920.99 Mn 177.00 Mn 509.00 Mn
6 Par Technology 762.87 Mn 684.93 Mn 56.58 Mn 69.48 Mn
7 A2Z Cust2Mate Solutions 228.03 Mn 213.25 Mn 2.51 Mn 7.43 Mn
8 Transact Technologies 54.22 Mn 34.84 Mn 7.00 Mn 7.06 Mn
9 Table Trac 27.71 Mn 19.55 Mn 2.96 Mn 1.77 Mn
10 J & Friends Holdings 15.30 Mn 14.32 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 364.00 Mn
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