Filing Flows › Toast (TOST) › Q2 2026
Toast (TOST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Toast (TOST) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +17% from the quarter before. Operating margin was 8.0%, net earnings $154M (8.1% of revenue).
Toast, Q2 2026: revenue $1.9B (+23% year over year), operating margin 8.0%, net earnings $154M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +17% | +23% |
| Gross profit | $516M | +15% | +32% |
| Operating profit | $152M | +38% | +90% |
| Net earnings | $154M | +22% | +92% |
| Operating cash flow | $144M | +9% | -35% |
| Free cash flow | $130M | +13% | -38% |
What changed
Revenue was $1.9B in Q2 2026, up 23% year over year and up 17% from the previous quarter. Financial technology solutions was the largest line at 82% of revenue. Financial technology solutions added $0.29B year over year (up 23%), 82% of the total change.
Gross margin was 27.0%, up 1.8 points from Q2 2025. Operating profit was $0.15B, a 8.0% margin (up 2.8 points year over year). Of the extra revenue versus Q2 2025, 20% reached operating profit, above the 5% margin then. Operating expenses grew 17% against revenue growth of 23%. The fastest-growing cost line was Research & development (+20%). Net earnings were $0.15B, up 92% year over year. The effective tax rate was 4.9%.
Operating cash flow was $0.14B (down 35% year over year), 94% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.01B left free cash flow of $0.13B.
Questions
What was Toast's revenue in the second quarter 2026?
Toast (TOST) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +17% from the quarter before.
Was Toast profitable in the second quarter 2026?
Operating profit was $152M (8.0% of revenue) and net earnings $154M.
Source: Toast 10-Q on SEC EDGAR.