Earnings Releases·Nov 3, 2026, 4:12 PM ET

Toast — Third Quarter 2026 Earnings Summary

Total revenue reached $1,981 million (up from $1,633 million in Q3 2025), driven by a 20% increase in Gross Payment Volume to $61.8 billion and 24% growth in Annualized Recurring Run-Rate to $2.5 billion.
Profitability metrics expanded significantly, with operating income rising to $165 million (from $84 million), net income to $169 million (from $105 million), and Adjusted EBITDA to $240 million (from $176 million).
Full-year 2026 guidance was raised for Non-GAAP gross profit to $2,375–$2,385 million (26% growth) and Adjusted EBITDA to $840–$850 million, exceeding previous ranges.
Leadership transition announced with CFO Elena Gomez stepping down at year-end; Michael Senno will succeed her as CFO effective January 1, 2027.
Strategic expansion included the launch of Toast Fuel for the convenience market, new AI-driven product agents, and entry into the Quebec market, bringing total locations to approximately 189,000.