Toast (TOST) Operating Margin (2020 - 2026)
Toast (TOST) recorded Operating Margin of 7.97% in Q2 2026, up 2.81 percentage points from 5.16% a year earlier and up 1.22 percentage points from the prior quarter.
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Analysis
Toast (TOST) Operating Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Toast's Operating Margin came in at 6.33% as of Jun 30, 2026, up 2.92 percentage points year-over-year; for FY2025, it was 4.75%, up 4.42 percentage points from FY2024.
- Annual Operating Margin has increased for three straight years, with a five-year change of +31.48 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 0.32% in FY2024 (+7.75 pp), -7.43% in FY2023 (+6.64 pp), -14.06% in FY2022 (-0.69 pp) and -13.37% in FY2021 (+13.36 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin in data going back to Q3 2020.
- On a year-over-year basis, Operating Margin has increased for 16 consecutive quarters, with an average year-over-year change of +5.12 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 9.77 percentage points in Q4 2022, against a drop of 17.11 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.75% (Q1 2026), 5.21% (Q4 2025) and 5.14% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.64% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 0.96% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 7.97% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 27.75% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 13.58% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.37% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 22.24% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.22% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 21.57% |
Historic Data
Download Data
Historic 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% |
API Access
Toast Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TOST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TOST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TOST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();