Toast Q2 net income rises to $154 million from $80 million; full-year outlook raised
Toast reported second-quarter 2026 results, with total revenue of $1.9 billion, up from $1.55 billion a year earlier, and net income of $154 million, up from $80 million. The company raised its full-year 2026 outlook for non-GAAP subscription services and financial technology solutions gross profit growth and for adjusted EBITDA, although operating cash flow fell to $144 million from $223 million.
Key points
- Total revenue was $1.9 billion in Q2 2026 versus $1.55 billion in Q2 2025; diluted EPS was $0.26 versus $0.13.
- Q2 adjusted EBITDA was $221 million, including a one-time benefit of about $10 million from tariff refunds.
- Full-year 2026 adjusted EBITDA outlook raised to $805 million to $825 million from $790 million to $810 million.
- Q2 operating cash flow was $144 million versus $223 million a year earlier; Q3 adjusted EBITDA is expected at $210 million to $220 million.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.