Company / Gross Margin
Toast, Inc. Gross Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
25.9%
FY2025
5-year range
18.4% / 25.9%
FY2021-FY2025
Trend
+7.9%
vs FY2024
Sector context
#192 of 224
Information Technology
What the data says
Toast, Inc.'s gross margin of 25.9% is lower than 86% of companies in the Information Technology sector (FY2025). Gross Margin has increased for 6 consecutive years, from 9.3% in FY2019 to 25.9% in FY2025.
Based on SEC 10-K filings.
25.9% in FY2025 with a 5-year CAGR of +8.9%.
Improved from 21.6% to 25.9% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +7.2pp
- 5-Year Change
- +8.9pp
- 10-Year Change
- -
Sector benchmark
Bottom 14% in Information TechnologyTop 86% of 224This company 25.9% Sector average 53.5%
▼
-51.6% below sector average
Key checks
Key Insights
- Toast, Inc.'s gross margin has grown for 6 consecutive years.
- In FY2025, gross margin increased 7.9% year-over-year.
- Currently 27.6pp below the Information Technology sector average.
- Lowest gross margin in the period was in FY2019.
Company context
Key Data Points
- Altman Z-Score 3.16 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 25.9% | +7.9% |
| FY2024 | 24.0% | +11.2% |
| FY2023 | 21.6% | +15.3% |
| FY2022 | 18.7% | +1.6% |
| FY2021 | 18.4% | +8.3% |
| FY2020 | 17.0% | +82.5% |
| FY2019 | 9.3% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026