Toast, Inc. (TOST) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
TOST's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
TOST Revenue Analysis (2019–2025)
As of February 28, 2026, Toast, Inc. (TOST) generated trailing twelve-month (TTM) revenue of $6.15 billion, reflecting exceptional growth of +22.0% year-over-year. The most recent quarter (Q4 2025) recorded $1.63 billion in revenue, up 0.0% 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 (85%), and License (15%). 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 XYZ (+0.3% YoY), CPAY (+11.3% YoY), and AFRM (+4.3% YoY), TOST has underperformed the peer group in terms of revenue growth. Compare TOST vs XYZ →
Peer Comparison
Compare TOST's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TOSTCurrent | $6.2B | +22.0% | +49.5% | 5.0% | |
| XYZ | $24.2B | +0.3% | +20.6% | 7.1% | |
| CPAY | $4.0B | +11.3% | +8.5% | 45.0% | |
| AFRM | $3.2B | +4.3% | +44.6% | -2.7% | |
| KSPI | $2.52T | +53.3% | +36.9% | 50.4% | |
| WEX | $2.6B | -1.1% | +8.8% | 26.1% |
Historical Revenue Data
| 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% |
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Start ComparisonFrequently Asked Questions
Is TOST's revenue growth accelerating or slowing?
TOST revenue is accelerating at +22.0% year-over-year, exceeding the 5-year CAGR of +49.5%. TTM revenue reached $6.2B. 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 +22.0% 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.