Toast annual gross margin
2019
2020
2021
2022
2023
2024
2025
Toast Gross Margin Growth & History (TOST)
Toast's gross margin was 25.89% for fiscal 2025.
View full Toast company overviewToast annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 25.89% | +1.90 pp |
| 2024 | 2024-12-31 | 23.99% | +2.41 pp |
| 2023 | 2023-12-31 | 21.58% | +2.87 pp |
| 2022 | 2022-12-31 | 18.71% | +0.29 pp |
| 2021 | 2021-12-31 | 18.42% | +1.41 pp |
| 2020 | 2020-12-31 | 17.01% | +7.69 pp |
| 2019 | 2019-12-31 | 9.32% | — |
Toast quarterly gross margin
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 27.04% | +1.75 pp |
| Q1 2026 | 2026-03-31 | 27.42% | +1.54 pp |
| Q4 2025 | 2025-12-31 | 25.90% | +1.02 pp |
| Q3 2025 | 2025-09-30 | 26.45% | +1.78 pp |
| Q2 2025 | 2025-06-30 | 25.29% | +2.26 pp |
| Q1 2025 | 2025-03-31 | 25.88% | +2.72 pp |
| Q4 2024 | 2024-12-31 | 24.89% | +3.07 pp |
| Q3 2024 | 2024-09-30 | 24.67% | +2.78 pp |
| Q2 2024 | 2024-06-30 | 23.03% | +1.76 pp |
| Q1 2024 | 2024-03-31 | 23.16% | +1.92 pp |
| Q4 2023 | 2023-12-31 | 21.81% | +1.27 pp |
| Q3 2023 | 2023-09-30 | 21.90% | +1.82 pp |
| Q2 2023 | 2023-06-30 | 21.27% | +4.53 pp |
| Q1 2023 | 2023-03-31 | 21.25% | +4.61 pp |
| Q4 2022 | 2022-12-31 | 20.55% | +6.26 pp |
| Q3 2022 | 2022-09-30 | 20.08% | +3.00 pp |
| Q2 2022 | 2022-06-30 | 16.74% | −4.15 pp |
| Q1 2022 | 2022-03-31 | 16.64% | −7.83 pp |
| Q4 2021 | 2021-12-31 | 14.29% | −6.12 pp |
| Q3 2021 | 2021-09-30 | 17.08% | — |
| Q2 2021 | 2021-06-30 | 20.89% | — |
| Q1 2021 | 2021-03-31 | 24.47% | — |
| Q3 2020 | 2020-09-30 | 20.41% | — |
Toast gross margin trends
Over the last five reported fiscal years, Toast's gross margin increased from 17.01% to 25.89%, a change of +8.88 percentage points. The latest reported quarter, Q2 2026, shows 27.04%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Toast filings at SEC.gov ↗