Toast
Connects restaurant point of sale, payments, hardware, and operating software.
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Profile
Provides a restaurant-and-retail operating platform that combines point of sale, embedded payments, purpose-built hardware, and workflow software. The model connects front-of-house transactions with back-office tools, while customer activity remains closely tied to restaurant operating conditions.
Combines cloud-based point of sale, payments, purpose-built hardware, and operational software for restaurants and retail businesses. The platform also covers digital ordering, delivery, kitchen workflows, marketing, loyalty, payroll, team management, inventory, and financial tools.
Built from restaurant-specific workflows rather than a generic payment terminal, the system connects front-of-house transactions with back-office operations. Acquisitions have added invoice automation, employee scheduling, and drive-through technology, while product teams accelerated off-premise and contactless capabilities during the pandemic.
The operating model pairs software and embedded payments with hardware and related financial technology. Customer activity therefore remains tied to restaurant operating conditions, and product decisions depend on maintaining trust with restaurant operators.
Company facts
Categories
Key statistics
Year to date +3.3% · Average volume (30d) 9.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Truist Financial | Target | $33 | $39 | |
| Aug 6, 2026 | Bernstein | Reiterate | Outperform | $39 | $45 |
| Aug 5, 2026 | RBC Capital | Reiterate | Sector Perform | $45 | $36 |
| Aug 5, 2026 | Oppenheimer | Reiterate | Outperform | $36 | $38 |
| Aug 5, 2026 | UBS | Reiterate | Buy | $34 | $39 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.32 | $0.34 | +5.5% | $1.87B | $1.91B | +1.9% | +2.93% |
| May 7, 2026Q1 FY26 | $0.28 | $0.29 | +3.6% | $1.63B | $1.63B | −0.2% | −14.74% |
| Feb 12, 2026Q4 FY25 | $0.24 | $0.23 | −3.8% | $1.62B | $1.63B | +0.9% | +4.55% |
| Nov 4, 2025Q3 FY25 | $0.24 | $0.25 | +4.4% | $1.59B | $1.63B | +2.9% | +9.48% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.34B | $1.55B | $1.63B | $1.63B | $1.63B | $1.91B | |
| Gross profit | $346.0M | $392.0M | $432.0M | $420.0M | $447.0M | $516.0M | |
| Operating income | $43.0M | $80.0M | $84.0M | $89.0M | $110.0M | $152.0M | |
| Net income | $56.0M | $80.0M | $105.0M | $101.0M | $126.0M | $154.0M | |
| Diluted EPS | $0.09 | $0.13 | $0.16 | $0.16 | $0.20 | $0.26 | |
| Gross margin | 25.9% | 25.3% | 26.5% | 25.7% | 27.4% | 27.0% | |
| Operating margin | 3.2% | 5.2% | 5.1% | 5.5% | 6.7% | 8.0% |
Fiscal years (4-quarter sums)FY21 $1.71B · FY22 $2.73B · FY23 $3.87B · FY24 $4.96B · FY25 $6.15B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.71B · Total debt $0 · Total assets $3.18B · Shareholders' equity $2.05B
Dividends
No dividends on record.
Ownership
Shares outstanding 580.00M · Float 484.72M · 83.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 47.88M | 9.30% | 13G | Jul 30, 2026 |
| FMR LLC | 33.53M | 5.78% | 13F | Aug 13, 2026 |
| Capital International Investors | 26.74M | 4.61% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 22.09M | 3.81% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 21.91M | 3.78% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Jonathan Vassil | officer: Chief Revenue Officer | −85,280 | $36.34 |
| Aug 19, 2026 | Jonathan Vassil | officer: Chief Revenue Officer | −13,931 | $36.01 |
| Aug 11, 2026 | Jonathan Vassil | officer: Chief Revenue Officer | −13,797 | $36.01 |
| Aug 10, 2026 | Elena Gomez | officer: President, CFO | −5,761 | $35.37 |
| Aug 7, 2026 | Elena Gomez | officer: President, CFO | −2,163 | $35.10 |
Peers
- Block
Square-led rival for restaurant commerce and embedded payments
- Shift4 Payments
Restaurant and hospitality challenger through SkyTab
- Lightspeed Commerce
Unified restaurant POS and payments competitor with global reach
- P.A.R. Technology
Enterprise restaurant platform spanning POS, ordering, and loyalty
- NCR Voyix
Established restaurant POS competitor through Aloha
- Oracle
Enterprise restaurant and hospitality rival through Simphony
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Toast | $35.48 | +0.97% | $20.39B | 45.1 | 22.8 | 3.0 | +23.1% |
| Block | $83.54 | −0.05% | $49.74B | 149.2 | 18.3 | 2.0 | +9.3% |
| Shift4 Payments | $44.50 | +1.23% | $4.00B | 75.2 | 6.6 | 0.8 | −35.4% |
| Lightspeed Commerce | $10.60 | 0.00% | $1.46B | — | 15.3 | 1.2 | +4.1% |
| P.A.R. Technology | $19.15 | −0.05% | $789.9M | — | 17.2 | 1.6 | +18.7% |
| NCR Voyix | $8.86 | +0.85% | $1.21B | 21.7 | 9.0 | 0.5 | −21.5% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| Median | 50.5 | 16.2 | 1.4 | +6.7% |