Toast Announces Third Quarter 2026 Financial Results

Aman Narang, CEO of Toast

“We had another strong quarter: recurring gross profit streams(1) grew 27%, GAAP Operating Income margin(2) expanded to 26% and we added approximately 8,500 net locations”

Aman Narang, CEO of Toast

“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. Our results show our priorities at work, and I’m confident in our path to durable growth for years to come.”

Aman Narang, CEO of Toast

“Elena has been an exceptional partner to me and has played a critical role in shaping Toast’s success and financial strategy over the last five and a half years. We’ve scaled this business 6x since we IPO’d in 2021, dramatically improved profitability as the business has scaled, and built out the team and product lines to continue to drive durable growth over the long term. We wouldn’t be here without Elena’s contributions and leadership that have helped drive such incredible results”

Aman Narang, CEO of Toast

“As we turn to a new chapter, I’m thrilled for Michael Senno to become Toast’s next Chief Financial Officer at the start of the year. He knows Toast’s business inside and out and I have complete confidence in his ability to guide Toast through its next era of growth.”

Elena Gomez, President and CFO of Toast

“Serving as Toast’s President and Chief Financial Officer has been the highlight of my professional career. It has been a privilege to work for an organization with such a powerful mission alongside an incredible management team. I am proud of what we have built together – taking Toast public, scaling to $2.5B ARR and approximately 189,000 locations globally. It is now time for me to take a break before my next chapter. I have the greatest confidence in the company, and in Michael Senno as Toast’s next CFO. Toast is in a strong financial position and I look forward to watching the team’s continued growth and success.”

Mark Hawkins, Chair of the Board of Directors of Toast and former President and CFO of Salesforce

“Elena has been a great partner to the Board and executive leadership team throughout a period of strong and profitable growth. Her leadership, collaboration, discipline, and dedication were central to taking Toast public and scaling the business to where it is today, and the Board supports her personal decision to take a well-deserved break. The Board also congratulates Michael on his promotion to Toast CFO. His deep institutional knowledge, strategic and financial acumen, and trusted leadership make him the ideal choice to be Toast's next CFO, and we look forward to working with him in this new capacity.”