Filing Flows › Toast (TOST) › Q3 2026
Toast (TOST) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Toast (TOST) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +21% from a year earlier and +4% from the quarter before. Operating margin was 8.3%, net earnings $169M (8.5% of revenue).
Toast, Q3 2026: revenue $2.0B (+21% year over year), operating margin 8.3%, net earnings $169M, operating cash flow $198M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +4% | +21% |
| Gross profit | $543M | +5% | +26% |
| Operating profit | $165M | +9% | +96% |
| Net earnings | $169M | +10% | +61% |
| Operating cash flow | $198M | +38% | +20% |
| Free cash flow | $181M | — | +18% |
What changed
Revenue was $2.0B in Q3 2026, up 21% year over year and up 4% from the previous quarter. Financial technology solutions was the largest line at 82% of revenue. Financial technology solutions added $0.27B year over year (up 20%), 79% of the total change.
Gross margin was 27.4%, up 1.0 points from Q3 2025. Operating profit was $0.17B, a 8.3% margin (up 3.2 points year over year). Of the extra revenue versus Q3 2025, 23% reached operating profit, above the 5% margin then. Operating expenses grew 9% against revenue growth of 21%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $0.17B, up 61% year over year. The effective tax rate was 4.0%.
Operating cash flow was $0.20B (up 20% year over year), 117% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.03B. After capital expenditures ($0.02B), free cash flow as the company reports it was $0.18B.
Questions
What was Toast's revenue in the third quarter 2026?
Toast (TOST) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +21% from a year earlier and +4% from the quarter before.
Was Toast profitable in the third quarter 2026?
Operating profit was $165M (8.3% of revenue) and net earnings $169M.
Source: Toast 10-Q on SEC EDGAR.