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| 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 |