Toast accelerates buybacks 19x to $327M in Q1, expands authorization by $500M

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~1 min read

Key Changes

• high

  Share repurchases surged from $17M to $327M in Q1 2026 (19x increase) following board approval of $500M authorization expansion in February, bringing total program to $750M with $208M remaining.

  MD&A: Capital Allocation verify on EDGAR →
• high

  Location count grew 22% to 171,000 while ARR increased 26% to $2.15B, though growth rates decelerated from 25% and 31% respectively as the company scales.

  MD&A: Key Metrics verify on EDGAR →
• high

  Net income more than doubled to $126M from $56M, while free cash flow jumped 67% to $115M, funding aggressive capital returns despite $221M decline in cash position.

  MD&A: Financial Performance verify on EDGAR →