TOST Toast (TOST) Q1 FY26 earnings call
Toast delivered a strong first quarter, driven by robust recurring gross profit growth and significant margin expansion, while strategically investing in AI and new market expansion. The company is leveraging its vertical integration and AI capabilities to enhance customer value and productivity, positioning for sustained long-term growth across its core restaurant business and new segments like enterprise, international, and retail.
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TOST operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Net locations added | 7,000We added 7,000 net locations and are broadening who we serve from local restaurants across the US to enterprise chains, international markets and retail.Source: earnings call transcript | 9,500We had a record 9,500 net location adds in the quarter, 1,000 more than our previous high watermark.Source: earnings call transcript | +35.7% |
| Live locations | 171KBuilding on last year's momentum, we added 7,000 net locations in Q1 and ended the quarter with 171,000 live locations, up 22% from a year ago.Source: earnings call transcript | ~180KWe added a record 9,500 net new locations in Q2, growing total locations 22% from a year ago to approximately 180,000.Source: earnings call transcript | — |
| Payments volume | $51BGPV was $51 billion, up 22% year-over-year with GPV per location down 1% versus last year.Source: earnings call transcript | $61BGPV was $61 billion, up 22% with GPV per location flat.Source: earnings call transcript | +19.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.