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Toast vs Workday: revenue, profit, margins and growth compared

Toast brought in $6.2B of revenue in fiscal 2025, Workday $9.6B in fiscal 2026. Revenue changed by +24.1% at Toast and +13.1% at Workday on the year before, so Toast grew faster. Toast kept 5.6% of its revenue as net profit, Workday 7.3%. Free cash flow was $608M at Toast and $2.8B at Workday.

Side by side, latest fiscal year

TOSTWDAY
Fiscal year endedFY2025 (December 31, 2025)FY2026 (January 31, 2026)
Revenue$6.2B$9.6B
Revenue growth+24.1%+13.1%
Net income$342M$693M
Net margin5.6%7.3%
Free cash flow$608M$2.8B
Free cash flow margin9.9%29.1%
Earnings per share (diluted)$0.56$2.59
Cash$1.4B$1.5B
Debtn/a$3B
Price to earnings54.673.2
Market value$17.7B$46.8B
Dividend yieldn/an/a
Rank by revenue in sector#79 of 530 · Technology#61 of 530 · Technology

Over the years

Revenue
TOST FY2019: $665MTOST FY2021: $823MTOST FY2021: $1.7BTOST FY2022: $2.7BTOST FY2023: $3.9BTOST FY2024: $5BTOST FY2025: $6.2BWDAY FY2019: $2.8BWDAY FY2020: $3.6BWDAY FY2021: $4.3BWDAY FY2022: $5.1BWDAY FY2023: $6.2BWDAY FY2024: $7.3BWDAY FY2025: $8.4BWDAY FY2026: $9.6BFY19FY20FY21FY22FY23FY24FY25FY26
TOST $6.2BWDAY $9.6B
Net income
TOST FY2019: -$209MTOST FY2021: -$248MTOST FY2021: -$487MTOST FY2022: -$275MTOST FY2023: -$246MTOST FY2024: $19MTOST FY2025: $342MWDAY FY2019: -$418.3MWDAY FY2020: -$480.7MWDAY FY2021: -$282.4MWDAY FY2022: $29MWDAY FY2023: -$367MWDAY FY2024: $1.4BWDAY FY2025: $526MWDAY FY2026: $693MFY19FY20FY21FY22FY23FY24FY25FY26
TOST $342MWDAY $693M
Net margin
TOST FY2019: -31.4%TOST FY2021: -30.1%TOST FY2021: -28.6%TOST FY2022: -10.1%TOST FY2023: -6.4%TOST FY2024: 0.4%TOST FY2025: 5.6%WDAY FY2019: -14.8%WDAY FY2020: -13.3%WDAY FY2021: -6.5%WDAY FY2022: 0.6%WDAY FY2023: -5.9%WDAY FY2024: 19.0%WDAY FY2025: 6.2%WDAY FY2026: 7.3%FY19FY20FY21FY22FY23FY24FY25FY26
TOST 5.6%WDAY 7.3%
Revenue growth
TOST FY2021: +23.8%TOST FY2021: +107.2%TOST FY2022: +60.2%TOST FY2023: +41.5%TOST FY2024: +28.3%TOST FY2025: +24.1%WDAY FY2020: +28.5%WDAY FY2021: +19.0%WDAY FY2022: +19.0%WDAY FY2023: +21.0%WDAY FY2024: +16.8%WDAY FY2025: +16.4%WDAY FY2026: +13.1%FY20FY21FY22FY23FY24FY25FY26
TOST +24.1%WDAY +13.1%
Free cash flow
TOST FY2019: -$135MTOST FY2021: -$153MTOST FY2021: -$10MTOST FY2022: -$172MTOST FY2023: $93MTOST FY2024: $306MTOST FY2025: $608MWDAY FY2019: $404.2MWDAY FY2023: $1.3BWDAY FY2024: $1.9BWDAY FY2025: $2.2BWDAY FY2026: $2.8BFY19FY21FY22FY23FY24FY25FY26
TOST $608MWDAY $2.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Toast and Workday

Which is bigger by revenue, Toast or Workday?

Workday is bigger by revenue: $9.6B in fiscal 2026, against $6.2B for Toast in fiscal 2025.

Which keeps more of its revenue as profit, Toast or Workday?

Toast had a net margin of 5.6% in fiscal 2025; Workday had 7.3% in fiscal 2026.

Which grew revenue faster, Toast or Workday?

In their latest fiscal years revenue changed by +24.1% at Toast and +13.1% at Workday.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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