Toast Inc. (NYSE:TOST) posted its third-quarter fiscal 2026 results after Tuesday’s closing bell and announced a planned CFO transition.
- TOST stock is moving. Watch the price action here.
Toast Q3 Details
Toast reported quarterly earnings of 29 cents per share, which beat the consensus estimate of 26 cents, per Benzinga Pro data.
Quarterly revenue of $1.98 billion beat the Street estimate of $1.97 billion.
Toast also announced President and CFO Elena Gomez will step down and Senior Vice President of Finance Michael Senno will succeed Gomez as CFO effective Jan. 1, 2027.
The company highlighted the following quarterly metrics:
- ARR increased 24% to $2.5 billion as of Sept. 30, 2026.
- Total Locations increased 21% to approximately 189,000.
- Gross Payment Volume (GPV) increased 20% to $61.8 billion.
- Subscription services and financial technology solutions gross profit grew 29% to $630 million. Non-GAAP subscription services and financial technology solutions gross profit grew 27% to $642 million.
- Operating income was $165 million in third-quarter 2026 compared to $84 million in third-quarter 2025.
“We had another strong quarter: recurring gross profit streams1 grew 27%, GAAP Operating Income margin2 expanded to 26% and we added approximately 8,500 net locations,” said Toast CEO Aman Narang.
“With our Fall Release, we expanded Toast IQ Grow and launched Toast IQ Team, moving Toast beyond tools that help operators run their business toward agents that take on the work for them,” Narang added.
TOST Stock Price: According to data from Benzinga Pro, Toast stock was down 5.22% to $31.78 in Tuesday’s extended trading.
Photo: Shutterstock
See More:
Top Value Stocks
