What Toast’s Own Filings Report
Toast, Inc. served approximately 120,000 US restaurants as of its Q2 2024 Form 10-Q, and reported $4.96 billion in revenue for fiscal year 2024 on its Annual Report on Form 10-K, filed February 26, 2025. Both figures are drawn from a Wikipedia summary attributing them to Toast’s own SEC filings rather than a direct read of the filing documents themselves, and 2024 is the newest year this research pass confirmed; a more recent 2025 quarterly or annual figure was not independently retrieved.
A location count in the hundred-thousand range and revenue near five billion dollars describe a single named, public restaurant-POS vendor, not the entire restaurant-POS category. Read together, they are a useful proxy for the scale of the specific competitor an agent is most likely to hear a restaurant prospect name.
Why a Public Filing Is a Useful Number to Have on Hand
Every figure on this page traces to a public company’s own disclosed, audited numbers, a different tier of confidence than an unsourced industry estimate. That matters in a restaurant pitch specifically, since restaurant owners increasingly evaluate a processing relationship alongside a POS decision, not separately, and knowing the real scale of the vendor a prospect is comparing against is more useful than a vague sense that Toast is “big.”
These figures sit inside a much larger card-payment backdrop. US card network purchase volume reached $2.909 trillion in Q1 2026, up 7.9% year over year, the transaction volume every restaurant POS and processing relationship, Toast’s included, ultimately runs through.
The Numbers
Toast, Inc. served approximately 120,000 US restaurants as of its Q2 2024 Form 10-Q.
Toast, Inc. reported $4.96 billion in revenue for fiscal year 2024, per its Annual Report on Form 10-K filed February 26, 2025.
US card network purchase volume reached $2.909 trillion in Q1 2026, up 7.9% year over year, the broader transaction volume a restaurant POS and processing relationship runs through.
Sources
The external data in this article draws on the sources below. Figures described in the text as estimates or industry triangulations are directional and are not attributed to a single dataset.