Toast (TOST) Operating Margin (2020 - 2026)
Toast (TOST) reported 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 7 years of Operating Margin data on file, last reported at 6.75% in Q1 2026.
- Operating Margin for Q1 2026 came in at 6.75%, up 353.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.57% (up 339.0% YoY), and the FY2025 annual result was 4.75%, up 442.0% from the prior year.
- Operating Margin advanced to 6.75% in Q1 2026 per TOST's latest filing, from 5.21% in the prior quarter.
- Over five years, Operating Margin peaked at 6.75% in Q1 2026 and troughed at 18.88% in Q1 2022.
- A 5-year average of 3.68% and a median of 5.21% in 2024 frame the typical range for Operating Margin.
- On a YoY basis, Operating Margin climbed as much as 977 bps in 2022 and fell as far as 1711 bps in 2022.
- A 5-year view of Operating Margin shows it stood at 12.89% in 2022, then soared by 58 bps to 5.41% in 2023, then jumped by 144 bps to 2.39% in 2024, then surged by 118 bps to 5.21% in 2025, then grew 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 | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 6.91% |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 31.36% |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 8.43% |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | -9.69% |
| 10 | Toast | 14.58 Bn | 12.81 Bn | 447.00 Mn | 6.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -11.97% |