Toast, Inc. (TOST) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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TOST Revenue Growth
Revenue Breakdown (FY 2025)
TOST's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
TOST Revenue Analysis (2019–2025)
As of May 8, 2026, Toast, Inc. (TOST) generated trailing twelve-month (TTM) revenue of $6.45 billion, reflecting exceptional growth of +21.9% year-over-year. The most recent quarter (Q1 2026) recorded $1.63 billion in revenue, down 0.2% sequentially.
Looking at the longer-term picture, TOST's 5-year compound annual growth rate (CAGR) stands at +49.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $6.15 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows TOST's business is primarily driven by Technology Service (84%), and License (16%). With over half of revenue concentrated in Technology Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including PAX, PAR (+23.9% YoY), and RSKD (+5.2% YoY), TOST has underperformed the peer group in terms of revenue growth. Compare TOST vs PAX →
TOST Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TOSTCurrent | $6.4B | +21.9% | +49.5% | 5.0% | |
 PAX | $384M | - | - | 34.2% | |
 PAR | $456M | +23.9% | +16.3% | -14.0% | |
 RSKD | $345M | +5.2% | +15.2% | -8.4% | |
 LSPD | $1.1B | +13.4% | +54.9% | -64.6% | |
 FOUR | $4.2B | -4.0% | +40.4% | 8.4% |
TOST Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.15B | +24.1% | $1.58B | 25.8% | $305.0M | 5.0% |
| 2024 | $4.96B | +28.3% | $1.19B | 24.0% | $16.0M | 0.3% |
| 2023 | $3.87B | +41.5% | $834.0M | 21.6% | $-287,000,000 | -7.4% |
| 2022 | $2.73B | +60.2% | $511.0M | 18.7% | $-384,000,000 | -14.1% |
| 2021 | $1.71B | +107.2% | $314.0M | 18.4% | $-228,000,000 | -13.4% |
| 2020 | $823.0M | +23.8% | $140.0M | 17.0% | $-220,000,000 | -26.7% |
| 2019 | $665.0M | - | $62.0M | 9.3% | $-213,000,000 | -32.0% |
Full TOST Stock Analysis
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Start ComparisonTOST — Frequently Asked Questions
Quick answers to the most common questions about buying TOST stock.
Is TOST's revenue growth accelerating or slowing?
TOST revenue is accelerating at +21.9% year-over-year, exceeding the 5-year CAGR of +49.5%. TTM revenue reached $6.4B. Growth momentum has increased versus prior periods.
What is TOST's long-term revenue growth rate?
Toast, Inc.'s 5-year revenue CAGR of +49.5% reflects the sustained expansion pattern. Current YoY growth of +21.9% is above this long-term average.
How is TOST's revenue distributed by segment?
TOST reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.