Toast's revenue growth has moderated from roughly 27% in 2024Q3 to 21.3% in 2026Q3, while operating margin expanded from 0.4% in 2024Q2 to 8.3% in 2026Q3, suggesting operating leverage is emerging but remains early.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew to $2.0B in 2026Q3 with gross margin steady at 27.4% and operating margin improving to 8.3%, though revenue growth has decelerated from about 27% to 21.3% over the period.
Toast's vertically integrated platform enhances efficiency and provides a comprehensive solution for restaurant operations.
The company has demonstrated a strong recovery post-pandemic, showcasing resilience and growth potential.
Toast benefits from a robust recurring revenue model, driven by its SaaS-based offerings and restaurant subscriptions.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $0.29-21.4% vs $0.37 | $2.0B+0.4% vs $2.0B |
Q3 2026 Aug 4, 2026 | $0.34+5.5% vs $0.32 | $1.9B+1.9% vs $1.9B |
Q2 2026 May 7, 2026 | $0.29+6.2% vs $0.27 | $1.6B-0.2% vs $1.6B |
Q1 2026 Feb 12, 2026 | $0.23-3.8% vs $0.24 | $1.6B+0.9% vs $1.6B |
Toast (NYSE: TOST) reported third-quarter results marked by continued location growth, higher recurring gross profit and expanding operating margins, while highlighting investments in artificial intelligence products, new customer segments and international markets. Chief Executive Officer Aman Narang said recurring gross profit streams increased 27% year over year, while GAAP operating income margin reached 26%. The company
BOSTON--(BUSINESS WIRE)--Toast (NYSE:TOST), the global technology platform built for restaurant and retail businesses, today announced an agreement with Ruby Tuesday, a leading casual American bar and grill chain, to implement Toast enterprise technology across Ruby Tuesday restaurants systemwide. Ruby Tuesday selected Toast because of its ability to help them evolve the technology experience for their employees and guests. It will leverage Toast Go® 3 handhelds, Toast Flex 3 terminals, and Toa.
TOST raises its 2026 outlook as Q3 revenues beat estimates by 1.02%, fueled by operating strength, while AI expansion and 2027 margin plans take center stage.
Toast, Inc. (TOST) Q3 2026 Earnings Call Transcript
Benchmark TOST against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Toast, Inc. (TOST)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.67 | $20.11B | 37.32 | 24.05% | 7.69% | 26.05% | — | |
| $9.50 | $1.52B | 21.66 | 5.79% | 17.4% | 11.2% | 6.34% | |
| $20.55 | $847.61M | -13.49 | 30.16% | -12.24% | -7.69% | — | |
| $8.54 | $1.31B | -76.39 | 5.23% | -4.23% | -5.7% | — | |
| $10.29 | $1.42B | -19.70 | 13.95% | -5.51% | -4.76% | — | |
| $43.96 | $3.04B | 34.38 | 25.5% | 2.03% | 5.67% | 0.77% |
Toast, Inc. (TOST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Toast, Inc. (TOST) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Aug 4, 2026·SEC
Jun 15, 2026·SEC
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Toast, Inc. (TOST) stock FAQ — growth, dividends, profitability & financials explained
Toast, Inc. (TOST) reported $7.15B in revenue over the trailing twelve months. Revenue was $6.15B in fiscal year 2025. That is 825% more than the $665.0M of fiscal year 2019.
Toast, Inc. (TOST) grew revenue by 22.1% over the trailing twelve months, compared with the twelve months before.
Yes. Toast, Inc. (TOST) earned $550.0M in net income over the trailing twelve months (a 7.7% net margin).
Toast, Inc. (TOST) had a return on equity (ROE) of 26.0% over the trailing twelve months. That is well above the market's typical 10-15%.
Toast, Inc. (TOST) generated $604.0M in free cash flow over the trailing twelve months.
