Toast annual operating margin
2019
2020
2021
2022
2023
2024
2025
Toast Operating Margin Growth & History (TOST)
Toast's operating margin was 4.75% for fiscal 2025.
View full Toast company overviewToast annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 4.75% | +4.42 pp |
| 2024 | 2024-12-31 | 0.32% | +7.75 pp |
| 2023 | 2023-12-31 | −7.43% | +6.64 pp |
| 2022 | 2022-12-31 | −14.06% | −0.69 pp |
| 2021 | 2021-12-31 | −13.37% | +13.36 pp |
| 2020 | 2020-12-31 | −26.73% | +5.30 pp |
| 2019 | 2019-12-31 | −32.03% | — |
Toast quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 7.97% | +2.81 pp |
| Q1 2026 | 2026-03-31 | 6.75% | +3.53 pp |
| Q4 2025 | 2025-12-31 | 5.21% | +2.74 pp |
| Q3 2025 | 2025-09-30 | 5.14% | +2.54 pp |
| Q2 2025 | 2025-06-30 | 5.16% | +4.76 pp |
| Q1 2025 | 2025-03-31 | 3.22% | +8.43 pp |
| Q4 2024 | 2024-12-31 | 2.47% | +7.87 pp |
| Q3 2024 | 2024-09-30 | 2.61% | +8.32 pp |
| Q2 2024 | 2024-06-30 | 0.40% | +8.58 pp |
| Q1 2024 | 2024-03-31 | −5.21% | +6.02 pp |
| Q4 2023 | 2023-12-31 | −5.41% | +7.47 pp |
| Q3 2023 | 2023-09-30 | −5.72% | +5.59 pp |
| Q2 2023 | 2023-06-30 | −8.18% | +6.49 pp |
| Q1 2023 | 2023-03-31 | −11.23% | +7.65 pp |
| Q4 2022 | 2022-12-31 | −12.87% | +10.02 pp |
| Q3 2022 | 2022-09-30 | −11.30% | +0.01 pp |
| Q2 2022 | 2022-06-30 | −14.67% | −2.69 pp |
| Q1 2022 | 2022-03-31 | −18.88% | −17.11 pp |
| Q4 2021 | 2021-12-31 | −22.90% | −6.57 pp |
| Q3 2021 | 2021-09-30 | −11.32% | — |
| Q2 2021 | 2021-06-30 | −11.97% | — |
| Q1 2021 | 2021-03-31 | −1.77% | — |
| Q3 2020 | 2020-09-30 | −16.33% | — |
Toast operating margin trends
Over the last five reported fiscal years, Toast's operating margin increased from −26.73% to 4.75%, a change of +31.48 percentage points. The latest reported quarter, Q2 2026, shows 7.97%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗