Toast annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Toast Operating Expenses Growth & History (TOST)
Toast's operating expenses was $1.30B for fiscal 2025.
View full Toast company overviewToast annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.30B | $127.0M | +10.82% |
| 2024 | 2024-12-31 | $1.17B | $53.0M | +4.73% |
| 2023 | 2023-12-31 | $1.12B | $226.0M | +25.25% |
| 2022 | 2022-12-31 | $895.0M | $353.0M | +65.13% |
| 2021 | 2021-12-31 | $542.0M | $182.0M | +50.56% |
| 2020 | 2020-12-31 | $360.0M | $85.0M | +30.91% |
| 2019 | 2019-12-31 | $275.0M | — | — |
Toast quarterly operating expenses
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $364.0M | $52.0M | +16.67% |
| Q1 2026 | 2026-03-31 | $337.0M | $34.0M | +11.22% |
| Q4 2025 | 2025-12-31 | $338.0M | $38.0M | +12.67% |
| Q3 2025 | 2025-09-30 | $348.0M | $60.0M | +20.83% |
| Q2 2025 | 2025-06-30 | $312.0M | $31.0M | +11.03% |
| Q1 2025 | 2025-03-31 | $303.0M | −$2.0M | −0.66% |
| Q4 2024 | 2024-12-31 | $300.0M | $18.0M | +6.38% |
| Q3 2024 | 2024-09-30 | $288.0M | $3.0M | +1.05% |
| Q2 2024 | 2024-06-30 | $281.0M | −$7.0M | −2.43% |
| Q1 2024 | 2024-03-31 | $305.0M | $39.0M | +14.66% |
| Q4 2023 | 2023-12-31 | $282.0M | $25.0M | +9.73% |
| Q3 2023 | 2023-09-30 | $285.0M | $49.0M | +20.76% |
| Q2 2023 | 2023-06-30 | $288.0M | $76.0M | +35.85% |
| Q1 2023 | 2023-03-31 | $266.0M | $76.0M | +40.00% |
| Q4 2022 | 2022-12-31 | $257.0M | $67.0M | +35.26% |
| Q3 2022 | 2022-09-30 | $236.0M | $98.0M | +71.01% |
| Q2 2022 | 2022-06-30 | $212.0M | $72.0M | +51.43% |
| Q1 2022 | 2022-03-31 | $190.0M | $116.0M | +156.76% |
| Q4 2021 | 2021-12-31 | $190.0M | — | — |
| Q3 2021 | 2021-09-30 | $138.0M | $51.0M | +58.67% |
| Q2 2021 | 2021-06-30 | $140.0M | — | — |
| Q1 2021 | 2021-03-31 | $74.0M | — | — |
| Q3 2020 | 2020-09-30 | $87.0M | — | — |
Toast operating expenses trends
Over the last five fiscal years, Toast's operating expenses increased from $360.0M to $1.30B, a change of $941.0M. The latest reported quarter, Q2 2026, shows $364.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Toast source filings ↗