Filing Flows › Toast (TOST) › Q3 2026 › vs Q2 2026
Toast (TOST) Q3 2026 vs Q2 2026 (quarter over quarter)
Toast's revenue rose $73.0M (+4%) from $1.9B in Q2 2026 to $2.0B in Q3 2026. The biggest changes: Financial technology solutions +$49.0M (+3%); Subscription services +$27.0M (+9%); Hardware and professional services −$3.0M (-6%). Gross margin 27.4% against 27.0% (+0.4 pts).
Toast, Q3 2026: revenue $2.0B (+21% year over year), operating margin 8.3%, net earnings $169M, operating cash flow $198M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 27.4% | 27.0% | +0.4 pts |
| Operating margin | 8.3% | 8.0% | +0.4 pts |
| Net margin | 8.5% | 8.1% | +0.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Financial technology solutions | $1.6B | $1.6B | $49.0M | +3% |
| Subscription services | $317M | $290M | $27.0M | +9% |
| Hardware and professional services | $45.0M | $48.0M | −$3.0M | -6% |
| Revenue | $2.0B | $1.9B | $73.0M | +4% |
| Gross profit | $543M | $516M | $27.0M | +5% |
| Cost of revenue | $1.4B | $1.4B | $46.0M | +3% |
| Other income, net | $11.0M | $10.0M | $1.0M | +10% |
| Operating profit | $165M | $152M | $13.0M | +9% |
| Operating expenses | $378M | $364M | $14.0M | +4% |
| Pre-tax earnings | $176M | $162M | $14.0M | +9% |
| Research & development | $103M | $109M | −$6.0M | -6% |
| Sales & marketing | $171M | $166M | $5.0M | +3% |
| General & admin | $98.0M | $89.0M | $9.0M | +10% |
| Net earnings | $169M | $154M | $15.0M | +10% |
| Income tax | $7.0M | $8.0M | −$1.0M | -12% |
| Depreciation & amortization | $12.0M | $12.0M | $0 | 0% |
| Share-based compensation | $49.0M | $55.0M | −$6.0M | -11% |
| Working capital & other | $32.0M | $77.0M | −$45.0M | -58% |
| Operating cash flow | $198M | $144M | $54.0M | +38% |
Questions
How much did Toast's revenue grow quarter over quarter in Q3 2026?
Toast's revenue rose $73.0M (+4%) from $1.9B in Q2 2026 to $2.0B in Q3 2026.
What drove Toast's revenue change in Q3 2026?
Financial technology solutions +$49.0M (+3%); Subscription services +$27.0M (+9%); Hardware and professional services −$3.0M (-6%).