Toast's 82.51% Rally Drives $420M Volume, Secures 247th Rank as Australia Expansion and AXP Partnership Fuel Momentum

On August 20, 2025, Toast (TOST) traded with a volume of $420 million, surging 82.51% from the previous day and ranking 247th in market activity. The stock closed up 0.95%, reflecting renewed investor interest amid strategic developments.

Toast has accelerated its international expansion, entering Australia as its fourth global market. The company secured its first Australian client, Graze Craze, which transitioned from a local POS provider to adopt Toast’s integrated solutions, including guest displays and online ordering. This move underscores Toast’s ability to attract enterprise clients in competitive markets.

A strategic partnership with American Express (AXP) further bolsters Toast’s growth narrative. The collaboration aims to enhance dining experiences through integrated tools like Resy and Tock, while expanding revenue streams via co-branded benefits for AMEX cardholders. This aligns with Toast’s focus on financial services, a segment projected to grow 29% year-over-year in 2025.

Financially, Toast has shown resilience, serving 148,000 locations in its latest quarter—a 24% annual increase. Fintech and subscription gross profit rose 35% to $464 million, with Q3 guidance indicating $465–$475 million in gross profit. Despite competitive pressures, Toast’s forward price-to-sales ratio of 4.6X remains below the industry average, suggesting potential undervaluation.

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