Toast reports Q3 2026 results and announces CFO transition
Toast posted third‑quarter 2026 figures showing annualized recurring revenue up 24% to $2.5 billion and a 21% rise in locations to roughly 189,000. Gross payment volume reached $61.8 billion, while net income fell to $169 million and adjusted EBITDA to $240 million. Chief financial officer Elena Gomez will leave at year‑end and be replaced by senior vice president of finance Michael Senno on 1 January 2027.
Why it matters
The company’s strong top‑line growth is offset by lower profitability, signaling mixed earnings momentum for investors. The CFO change could influence future financial strategy and execution, as noted by the company in its filing.
Key facts
- 1Annualized recurring revenue grew 24% to $2.5 billion as of 30 September 2026. sec.gov
- 2Total locations increased 21% to approximately 189,000. sec.gov
- 3Gross payment volume rose 20% to $61.8 billion. sec.gov
- 4Net income for the quarter was $169 million, compared with $105 million a year earlier. sec.gov
- 5Adjusted EBITDA was $240 million, versus $176 million in Q3 2025. sec.gov
- 6CFO Elena Gomez will step down at the end of 2026; Michael Senno will assume the CFO role on 1 January 2027. sec.gov
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.