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Toast TOST Business Segments — Cost of Revenue

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Other financials

Income statement

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Revenue$1.9B+23.1%
Gross profit$516.0M+31.6%
Operating income$152.0M+90.0%
Net income$154.0M+92.5%
EPS (diluted)$0.26+100%

Balance sheet

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Cash & equivalents$1.3B-8.5%
Total debt$17.0M-22.7%
Total equity$2.0B+12.5%
Total assets$3.2B+15.0%

Cash flow

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Operating cash flow$144.0M-35.4%
CapEx$14.0M-6.7%
Free cash flow$130.0M-37.5%

Valuation

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Market cap$20.18B-24.6%
P/E41.5×-78.0×
P/S-1.9×

Profitability

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Gross margin26.7%+1.5pp
Operating margin6.3%+2.9pp
Net margin7.1%+3.1pp
FCF margin8.5%-0.7pp

Returns & leverage

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Return on equity25.2%+10.7pp
Debt / equity0.0×
Current ratio2.4×-0.2×

Where this comes from

Reported directly by Toast in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Toast’s 10-Q, filed August 5, 2026.

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001650164-26-000164
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$1,908$1,550$3,538$2,887
Costs of revenue(1)(1,385)(1,148)(2,561)(2,128)
Sales and marketing(1)(152)(126)(294)(243)
Research and development(1)(86)(69)(160)(131)
General and administrative(1)(75)(62)(145)(126)
Stock-based compensation and related payroll taxes(58)(64)(116)(128)
Other items(2)2(1)185
Net income$154$80$280$136

Item 1. Financial Statements (unaudited)

FAQ

What is Toast's business segments — cost of revenue?
Toast (TOST) reported business segments — cost of revenue of $1.39B in Q2 2026.
How has Toast's business segments — cost of revenue changed year-over-year?
Toast's business segments — cost of revenue increased by 20.6% year-over-year, from $1.15B to $1.39B.
What is the long-term trend for Toast's business segments — cost of revenue?
Over 3 years (2022 to 2025), Toast's business segments — cost of revenue has grown at a 27.4% compound annual growth rate (CAGR), from $2.19B to $4.52B.
What does business segments — cost of revenue mean?
Includes all direct costs associated with providing the products and services within the reportable segment, such as payment processing costs, hardware manufacturing, and hosting expenses. Monitoring this helps evaluate the direct efficiency of the segment's service delivery model.

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