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Compared to Estimates, Toast (TOST) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2025, Toast (TOST - Free Report) reported revenue of $1.55 billion, up 24.8% over the same period last year. EPS came in at $0.24, compared to $0.02 in the year-ago quarter.

The reported revenue represents a surprise of +1.1% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $0.24, the company has not delivered EPS surprise.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Toast performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Gross Payment Volume (GPV): $49.90 billion versus the four-analyst average estimate of $49.05 billion.
  • Subscription Annualized Recurring Run-Rate: $950 million versus $945.59 million estimated by four analysts on average.
  • Locations: 148,000 versus the four-analyst average estimate of 148,353.
  • Payments Annualized Recurring Run-Rate: $978 million versus the two-analyst average estimate of $950.12 million.
  • Total Annualized Recurring Run-Rate (ARR): $1.93 billion compared to the $1.9 billion average estimate based on two analysts.
  • Revenue- Financial technology solutions: $1.28 billion versus $1.26 billion estimated by five analysts on average.
  • Revenue- Subscription services: $227 million compared to the $221.09 million average estimate based on five analysts.
  • Revenue- Hardware and professional services: $47 million compared to the $51.74 million average estimate based on five analysts.

View all Key Company Metrics for Toast here>>>

Shares of Toast have returned +10% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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