TOST Toast (TOST) Q2 FY26 earnings call
Toast delivered strong Q2 results, marked by record location additions and significant growth in recurring gross profit, driven by its core business and expanding new markets. The company is strategically investing in AI-driven products like Toast IQ Grow, which is showing rapid adoption and ARPU growth potential, alongside scaling its new TAMs. Management remains focused on balancing sustained growth with gradual margin expansion, aiming for long-term value creation through disciplined capital allocation and efficiency gains.
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TOST operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.