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ToastTOST

Transaction & Payment Processing Services
Pricier than peers
$31.68+0.57%After hours: $31.68 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 11.4% over 1 year
Toast over 1 yearDaily close, $, to 30 Oct 2026
$25$30$35Nov2026MarMayJulSep$31.68$30NovMarJul$31.68
Source: Nasdaq daily closes
Market value$18.31B
Price to earnings39.2x
Forward P/E30.5x
Dividend yield–
Year to date−10.8%
One year−11.4%
Next earningsTue 3 Nov, after the close
SectorFinancials
52-week range (closes)
$22.33$39.02

Quality and valuation

How Toast compares with other financials stocks. A description, not a recommendation.

Toast and 7 transaction & payment processing services peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: pricier than most

A weaker business than most financials companies, priced above most of them.

Toast trades at 30.5 times the next 12 months of expected earnings, against a median of 13.0x for the 84 financials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +23.0% vs +10.2%
  • Keeps less of each sale (gross margin): 26.7% vs 46.4%
  • Less profitable (operating margin): 6.3% vs 22.3%
  • Turns less of its sales into cash: 8.5% vs 20.3%
TOST trades at 30.5x forward earnings, above the sector medianForward p/e, Transaction & Payment Processing Services peers
GPN6.6xFISV6.8xPYPL10.1xCPAY13.7xXYZ16.6xV28.6xMA30.0xTOST30.5xSector median 13.0xGPN6.6xFISV6.8xPYPL10.1xCPAY13.7xXYZ16.6xV28.6xMA30.0xTOST30.5xSector median 13.0x
Source: CNBC quotes; Mostly Markets

Financials

From Toast's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 23.1% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26$0bn$1bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26
Source: SEC filings
Growth sped up to +23.1% last quarterRevenue growth, year on year, %
0%10%20%Q3 ’24Q1 ’25Q3 ’2523.1%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’2523.1%Q2 ’26
Source: SEC filings
Operating margin was 8.0% last quarterOperating income as a share of revenue, %
0%2%4%6%8%Q3 ’24Q1 ’25Q3 ’258.0%Q2 ’260%5%Q3 ’24Q1 ’25Q3 ’258.0%Q2 ’26
Source: SEC filings
Free cash flow was $576 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$100m$200mQ3 ’24Q1 ’25Q3 ’25$130mQ2 ’26$0m$100m$200mQ3 ’24Q1 ’25Q3 ’25$130mQ2 ’26
Source: SEC filings
Last 12 monthsTOSTSector median
Revenue growth+23.0%+10.2%
Gross margin26.7%46.4%
Operating margin6.3%22.3%
Free cash flow margin8.5%20.3%
Price to earnings39.2x14.6x

Stories on Toast

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Similar companies

Transaction & Payment Processing Services, by market value.

CompanyPriceTodayYTDValue
VVisa$413.59+0.74%+17.9%$769B
MAMastercard$638.01+0.36%+11.8%$559B
PYPLPayPal$57.01+0.11%−2.3%$47.36B
XYZBlock$76.22−0.95%+17.1%$45.79B
FISVFiserv$50.02+3.18%−25.5%$26.60B
CPAYCorpay$400.94+0.75%+33.2%$26.33B
GPNGlobal Payments$96.84+12.97%+25.1%$25.63B
AFRMAffirm$73.47−1.83%−1.3%$24.91B