people · May 20, 2026
Toast Reports Q1 2026 Revenue of $1.63 Billion Matching Estimates
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Toast Inc. reported Q1 2026 revenue of $1.63 billion on May 17, 2026, matching Wall Street consensus and rising 21.9% year over year. Adjusted earnings per share reached $0.29, beating analyst estimates of $0.27, while adjusted operating income hit $179 million against a $158.5 million forecast for an 11% margin. Annual recurring revenue stood at $2.15 billion, up 25.6% year over year, with management guiding full-year adjusted EBITDA of $800 million at the midpoint. CEO Aman Narang highlighted 7,000 net new locations added in the quarter and growth in Toast IQ platform adoption across retail and international verticals. Toast Inc. now serves 171,000 live restaurants globally following the Q1 results release.