$TOST · Toast, Inc.
Toast filed its Q3 FY2026 10-Q. Total revenue grew 21% YoY to $1.981B, driven by financial technology solutions ($1.619B, +20%) and subscription services ($317M, +30%). Net income was $169M (vs $105M a year ago), diluted EPS $0.29, gross margin 27.4%, operating margin 8.3%. Nine-month revenue reached $5.519B (+22%) with net income of $449M.
- Q3 revenue $1.981B, up 21% YoY; nine-month revenue $5.519B, up 22%.
- Net income $169M vs $105M prior year; diluted EPS $0.29 vs $0.16.
- Financial technology solutions revenue $1.619B, up 20% YoY.
- Subscription services revenue $317M, up 30% YoY.
- Nine-month share repurchases totaled $486M for 19 million shares.
Extended-hours last trade $32.82, down 2.12% vs regular close, despite the strong beat — suggesting profit-taking or guidance concerns after a run-up.
Toast delivered accelerating profitability with net income up 61% YoY while sustaining 20%+ revenue growth.
Toast's 21% revenue growth and expanding profitability reinforce its position among high-growth restaurant-tech and fintech peers.
Restructuring expenses of $6M in Q3 signal ongoing cost actions; hardware and professional services revenue declined 4% over nine months.