Toast (TOST) Operating Expenses (2020 - 2026)

Toast's (TOST) quarterly Operating Expenses came in at $337.0 million in Q1 2026, up 11.22% year-on-year from $303.0 million in Q1 2025, and little changed on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 11.22% year-over-year to $337.0 million in Q1 2026; TTM through Mar 2026 was $1.3 billion, a 13.81% increase from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 10.82% from the prior year.
  • Operating Expenses for Q1 2026 stood at $337.0 million, roughly flat 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.
  • Historically, Operating Expenses has averaged $284.1 million across 5 years, with a median of $288.0 million in 2023.
  • Across the five-year window, Operating Expenses soared 156.76% in 2022 and decreased 2.43% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $257.0 million in 2022, then advanced by 9.73% to $282.0 million in 2023, then advanced by 6.74% to $301.0 million in 2024, then rose by 12.29% to $338.0 million in 2025, then fell by 0.3% to $337.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Toast 18.99 Bn 17.22 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