Toast (TOST) Operating Margin (2020 - 2026)
Toast (TOST) posted quarterly Operating Margin of 6.75% for Q1 2026, up 353.0% year-over-year from 1.49% in Q1 2025, and up 29.65% quarter-over-quarter from 5.21% in Q4 2025.
Toast (TOST) Operating Margin (2020 - 2026) Analysis & Trends
Toast (TOST) has reported Operating Margin for 7 consecutive years, with 6.75% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 353.0% year-over-year to 6.75%; the TTM figure through Mar 2026 stood at 5.57% (up 339.0% YoY), while the FY2025 annual figure was 4.75%, up 442.0% from the prior year.
- Operating Margin rose to 6.75% in Q1 2026 per TOST's latest filing, from 5.21% in the prior quarter.
- Across five years, Operating Margin topped out at 6.75% in Q1 2026 and bottomed at 18.88% in Q1 2022.
- Historically, Operating Margin has averaged 3.68% across 5 years, with a median of 5.21% in 2024.
- On a YoY basis, Operating Margin climbed as much as 977 bps in 2022 and fell as far as 1711 bps in 2022.
- Toast's Operating Margin stood at 12.89% in 2022, then jumped by 58 bps to 5.41% in 2023, then surged by 144 bps to 2.39% in 2024, then soared by 118 bps to 5.21% in 2025, then increased by 30 bps to 6.75% in 2026.
- Business Quant data shows TOST's Operating Margin at 6.75% in Q1 2026, 5.21% in Q4 2025, and 5.14% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 45.11% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 47.12% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 31.97% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 6.75% |
| 10 | Toast | 20.22 Bn | 18.51 Bn | 516.00 Mn | 7.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.97% |
| Mar 31, 2026 | 6.75% |
| Dec 31, 2025 | 5.21% |
| Sep 30, 2025 | 5.14% |
| Jun 30, 2025 | 5.16% |
| Mar 31, 2025 | 3.22% |
| Dec 31, 2024 | 2.39% |
| Sep 30, 2024 | 2.61% |
| Jun 30, 2024 | 0.40% |
| Mar 31, 2024 | -5.21% |
| Dec 31, 2023 | -5.41% |
| Sep 30, 2023 | -5.72% |
| Jun 30, 2023 | -8.18% |
| Mar 31, 2023 | -11.23% |
| Dec 31, 2022 | -12.89% |
| Sep 30, 2022 | -11.30% |
| Jun 30, 2022 | -14.67% |
| Mar 31, 2022 | -18.88% |
| Dec 31, 2021 | -22.66% |
| Sep 30, 2021 | -11.32% |