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Get filing alertsToast reports Q2 2026 results: net income doubles to $154M, raises full-year guidance
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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Net income doubled to $154M ($0.26 per diluted share) from $80M ($0.13 per share) in Q2 2025; adjusted EBITDA reached $221M including a one-time $10M tariff refund benefit.
Exhibit 99.1 view on EDGAR → -
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ARR grew 25% year-over-year to $2.4B; company added 9,500 net new locations in the quarter, bringing total locations to 180,000 (up 22% year-over-year).
Exhibit 99.1 view on EDGAR → -
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Raised full-year 2026 guidance: recurring gross profit now expected at $2,325M-$2,355M (23-25% growth, up from prior 21-23%) and adjusted EBITDA at $805M-$825M (up from $790M-$810M).
Exhibit 99.1 view on EDGAR → -
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Repurchased 19M shares for $486M year-to-date through June 30, 2026, demonstrating capital return commitment.
Exhibit 99.1 view on EDGAR → -
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Announced enterprise partnerships: BWH Hotels (Best Western parent) endorsed Toast as POS solution for thousands of US/Canada properties; expanded TGI Fridays relationship with UK rollout.
Exhibit 99.1 view on EDGAR →
Summary
Toast reported strong Q2 2026 results that beat expectations and prompted a guidance raise. Net income doubled to $154 million from $80 million in the prior-year quarter, while adjusted EBITDA reached $221 million (including a one-time $10 million tariff refund).
The company's core growth metrics remained robust: ARR increased 25% year-over-year to $2.4 billion, the company added 9,500 net new locations in the quarter, and gross payment volume grew 22% to $60.7 billion. Management raised full-year 2026 guidance across key metrics.
Recurring gross profit guidance increased to $2,325-$2,355 million (23-25% growth, up from prior 21-23% guidance), and adjusted EBITDA guidance rose to $805-$825 million from $790-$810 million. The company noted it plans to reinvest the $10 million Q2 tariff refund. Toast also returned $486 million to shareholders through repurchases of 19 million shares in the first half of 2026. The combination of accelerating profitability, sustained location growth, and increased guidance suggests Toast's restaurant platform continues to gain traction in its core market.
Section-by-Section Diff
Event · Exhibit 99.1
Toast reported Q2 2026 results with 25% ARR growth, $154M net income, 9,500 net new locations, and raised full-year guidance.
Added in current filing · view on EDGAR →
ARR increased 25% year over year to $2.4 billion as of June 30, 2026. ... Total Locations increased 22% year over year to approximately 180,000. ... Gross Payment Volume (GPV) increased 22% year over year to $60.7 billion. ... Subscription services and financial technology solutions gross profit grew 31% year over year to $585 million. Non-GAAP subscription services and financial technology solutions gross profit grew 28% year over year to $595 million. ... Operating income was $152 million in Q2 2026 compared to $80 million in Q2 2025. ... Net income was $154 million in Q2 2026 compared to $80 million in Q2 2025. Adjusted EBITDA was $221 million in Q2 2026, inclusive of a one-time benefit of approximately $10 million from tariff refunds, compared to $161 million in Q2 2025. ... Diluted earnings per share was $0.26 in Q2 2026 compared to $0.13 in Q2 2025.
Toast reported strong Q2 2026 results with annualized recurring run-rate (ARR) reaching $2.4 billion, up 25% year-over-year. The company added approximately 9,500 net new locations in the quarter, bringing total locations to 180,000. Gross payment volume grew 22% to $60.7 billion. Net income doubled to $154 million from $80 million in Q2 2025, and diluted EPS doubled to $0.26 from $0.13. Adjusted EBITDA was $221 million, which included a one-time $10 million benefit from tariff refunds.
Added in current filing · view on EDGAR →
For the full year ending December 31, 2026, Toast expects to report: ... Non-GAAP subscription services and financial technology solutions gross profit in the range of $2,325 million to $2,355 million (23%-25% growth compared to 2025, up from 21-23% growth). ... Adjusted EBITDA in the range of $805 million to $825 million (up from $790 million to $810 million). This outlook reflects our strategic decision to re-invest the $10 million tariff refund received in Q2.
Toast raised its full-year 2026 guidance for both recurring gross profit and adjusted EBITDA. The company now expects non-GAAP subscription services and financial technology solutions gross profit of $2,325 million to $2,355 million (23-25% growth, up from prior 21-23% guidance) and adjusted EBITDA of $805 million to $825 million (up from $790 million to $810 million). Management noted they plan to reinvest the $10 million Q2 tariff refund.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Toast recently launched "Toast Lab," a new initiative to collaborate with a Greater Boston restaurant operator to open a new restaurant location and co-develop, test, and refine Toast's technology. As part of this hands-on partnership, the selected operator will receive strategic capital, executive mentorship, and early access to Toast products.
Toast launched Toast Lab, a new initiative to partner with a Greater Boston restaurant operator to co-develop and test technology. The selected operator will receive strategic capital, executive mentorship, and early access to Toast products, allowing Toast to refine its platform in a real-world setting.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify