Toast (TOST) Operating Expenses (2020 - 2026)

Toast (TOST) reported Operating Expenses of $337.0 million for Q1 2026, up 11.22% year-over-year from $303.0 million in Q1 2025, and little changed quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $337.0 million, up 11.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 13.81% YoY), and the FY2025 annual result was $1.3 billion, up 10.82% from the prior year.
  • Operating Expenses held at $337.0 million in Q1 2026 per TOST's latest filing, from $338.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $348.0 million in Q3 2025 and troughed at $190.0 million in Q1 2022.
  • A 5-year average of $284.1 million and a median of $288.0 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 156.76% in 2022, then dropped 2.43% in 2024.
  • 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.
  • Business Quant data shows TOST's Operating Expenses at $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 2,903.35 Bn 2,825.07 Bn 56.06 Bn 10.85 Bn
2 Alarum Technologies 1,127.45 Bn 1,113.30 Bn 7.23 Mn 6.42 Mn
3 Oracle 528.84 Bn 490.27 Bn 15.14 Bn 11.73 Bn
4 Palantir Technologies 306.36 Bn 298.44 Bn 1.42 Bn 662.79 Mn
5 Palo Alto Networks 194.33 Bn 189.79 Bn 1.91 Bn 1.51 Bn
6 CrowdStrike Holdings 171.19 Bn 168.13 Bn 993.68 Mn 979.89 Mn
7 Fortinet 108.13 Bn 104.84 Bn 1.49 Bn 905.10 Mn
8 Synopsys 86.21 Bn 86.09 Bn 1.77 Bn 1.57 Bn
9 Cloudflare 80.35 Bn 79.41 Bn 455.60 Mn 517.59 Mn
10 Toast 14.58 Bn 12.81 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