Top Software Companies in Toronto (835)

Profitability: Q2 2026 results show adjusted EBIT up 16%, margin up 70 bps to 6.2%, and adjusted EPS up 29% to a Q2 record $1.86. Following Q2, management raised the 2026 adjusted EPS outlook, signaling confidence in continued margin expansion.

Healthy Cash Flow: Free cash flow more than doubled year over year to $617M in Q2 2026, reaching $989M for the first half. The full-year 2026 outlook calls for approximately $1.75–$1.85B of free cash flow.

Cost & Operational Efficiency: Cost actions and productivity improvements are expanding margins and boosting earnings. Mix shift toward higher‑margin programs and recent wins support organic growth into future periods.

Strong Revenue Growth: Revenue rose 31% year over year to NZ$2.75–2.80 billion, alongside 37% AMRR growth and a 23% uplift in average revenue per customer. Customers increased 11% to about 4.92 million, reinforcing top-line momentum.

Healthy Cash Flow: Free cash flow reached NZ$554 million in FY26, increasing from the prior year. Adjusted EBITDA also grew 18% to NZ$757 million, indicating strong cash generation while scaling.

Market Expansion: Growth accelerated in the U.S. (including Melio payments) with continued double‑digit momentum in ANZ and the UK. Net additions of 506,000 in FY26 and a 4.92 million customer base highlight expanding regional reach.

Strong Revenue Growth: Revenue rose about 23% year over year in Q2 2026 and 24% for full-year 2025, with ARR up 25% and GPV up 22% reinforcing a scaling top line. Guidance for 2026 recurring gross profit growth of roughly 23–25% further underpins momentum.

Profitability: Operating income and EPS roughly doubled year over year in Q2 2026 (operating income $152M vs. $80M; diluted EPS $0.26 vs. $0.13). Management also highlighted rising adjusted EBITDA and improved net income alongside recurring gross profit expansion.

Market Expansion: New offerings (e.g., Toast Drive‑Thru) and enterprise wins/expansions (e.g., Best Western, TGI Fridays UK, multi‑unit brands like Caribou Coffee and Potbelly) support broader adoption. The footprint reached about 180,000 total locations as of June 30, 2026, up roughly 22% year over year.

Profitability: Profit metrics and margins are rising in 2026, with Q2 EBIT‑adjusted up ~30% to $3.94B and the margin improving to 8.2%, alongside a first‑half margin of 8.9%. Management also raised full‑year 2026 profit guidance to $14–$16B, reflecting stronger earnings power driven by mix, pricing, and cost discipline.

Healthy Cash Flow: Adjusted automotive free cash flow grew sharply (up 78% in Q2 and 73% year to date), and the company reinforced confidence by declaring a $0.18 quarterly dividend and authorizing a $6B buyback. These capital returns accompany higher full‑year free‑cash‑flow guidance of $9.5–$11.5B.

Diversified Revenue Streams: Software‑enabled services and subscriptions are contributing more meaningfully, with roughly 620,000 subscribers, $5.4B of deferred revenue at 2025 year‑end, and OnStar revenue up ~20% year over year in Q2 2026. The company indicates software revenue is on track to exceed $3B in 2026.

Profitability: FY2026 marked the first full year of GAAP profitability, and Q1 FY2027 delivered a fourth consecutive GAAP‑profitable quarter. Profit guidance and expanding non‑GAAP operating margins indicate continued bottom‑line strength.

Healthy Cash Flow: Free cash flow was $102.7M in FY2026 and $41.2M in Q1 FY2027. Cash and investments of $444M and a $100M share repurchase authorization underscore liquidity to invest while returning capital.

Future-Ready Strategy: Management emphasizes AI‑first Operations Cloud offerings and a new usage‑based package aimed at re‑accelerating growth. Product and packaging moves are positioned to drive longer‑term expansion and retention.

Profitability: Gross profit is rising rapidly, with Cash App up 31% year over year in Q2 2026 and companywide gross profit also expanding. Guidance was raised on the strength of Cash App and Square, underscoring ongoing profit momentum.

Cost & Operational Efficiency: Management is prioritizing gross profit per employee and operating margins, aiming to run a smaller company while continuing product and user growth. The February 2026 restructuring was framed around “disciplined growth” and AI‑driven efficiency.

Resilient & Sustainable Growth: Users and engagement are trending up, with about 59 million monthly actives at end‑2025 and accelerating inflows per active alongside rising “primary banking” usage. Momentum carried into 2026, with strong early‑year gross profit growth supporting raised full‑year outlook.

Strong Market Position & Advantage: Independent analysts continue to place Qualtrics at the front of its market, with Gartner naming it a Leader in the Magic Quadrant for Voice of the Customer Platforms and positioning it highest on Ability to Execute and furthest on Completeness of Vision. This standing typically aligns with robust enterprise demand and supports commercial momentum.

Market Expansion: The company closed a $6.75 billion acquisition of Press Ganey Forsta on May 18, 2026, materially expanding its healthcare experience footprint and enlarging its data assets. Such scope increases are noted as common precursors to revenue growth and broader vertical penetration.

Innovation-Driven Growth: Qualtrics highlights rapidly expanding AI capabilities and analysis of billions of interactions annually, with usage of AI features surging and adoption widespread among large enterprise accounts. This product momentum supports upsell and cross‑sell into the installed base.

Investor Backing & Capital Strength: Partners Group’s 2022 significant minority investment alongside CVC Growth signals capital availability to fund product development, sales expansion, and bolt‑on M&A. Sponsorship is explicitly tied to accelerating international expansion and new product initiatives.

Innovation-Driven Growth: Enhancements to the Accelerate Platform in January 2025 and subsequent AI launches through 2025–2026 (e.g., VelocityAI, Vēlo, AI safety tools) indicate sustained R&D and portfolio expansion. Patent activity and new training content further reinforce an innovation-led roadmap.

Strong Market Position & Advantage: Placement as a Leader in Verdantix’s 2025 Green Quadrant and visible 2026 awards activity signal durable competitive standing and market momentum. Public‑sector wins and new case studies add evidence of ongoing adoption.

Strong Revenue Growth: Recent results show revenue up 9.6% year over year in Q2 2026 (6.8% organic; 8.2% excluding product sunsets), with 2025 up 7.5% and year‑to‑date 2026 up 10.2% on a reported basis. Growth is led by Morningstar Credit and core data/software platforms such as Morningstar Direct and PitchBook.

Profitability: Operating and adjusted operating margins expanded in Q2 2026 alongside a 29% rise in adjusted diluted EPS to $3.10, and 2025 saw increases in operating income and adjusted operating income. These gains were supported by stronger contribution from Credit and the accretive effect of the CRSP acquisition.

Healthy Cash Flow: Free cash flow and operating cash flow increased sharply in Q2 2026, with free cash flow nearly doubling year over year. This improved cash generation coincided with active buybacks and dividends.

Profitability: All‑time profit leadership and continued gains in 2024–2025 underpin sustained investor demand and fee generation. Returning roughly $5 billion of 2025 profits while maintaining about $66–$67 billion in AUM highlights durable earnings and disciplined sizing.

Market Expansion: The Miami headquarters build, additional 2026 real‑estate purchases, and a planned Dubai office point to an expanding physical footprint and long‑dated strategic commitments. Acquisitions in power and energy trading (e.g., FlexPower and Paloma Natural Gas) extend reach into global commodities markets.

Strong Hiring & Retention: Ongoing large‑scale recruiting, including new cohorts for the Citadel Associate Program and other early‑career pipelines, signals sustained investment in talent to support platform growth.

Investor Backing & Capital Strength: Late-stage funding rounds—an $88M Series C (2024) and a $150M Series D (2026) led by top-tier firms at a roughly $3B valuation—provide runway for hiring, product development, and broader go-to-market. Feedback suggests this capital base signals strong sponsor conviction and supports continued scaling.

Strong Revenue Growth: Coverage highlights revenue rising from low single-digit millions in 2021 to hundreds of millions by 2024, with subsequent reports indicating around $1B in 2025 alongside surging appointment volumes. Inclusion on the FT/Statista fastest‑growing list reinforces the trajectory.

Market Expansion: Expansion to 125+ insurer partnerships, a nationwide network of roughly 26,000 providers, and new channels with employers and health systems indicate broader distribution. Rising utilization—7M visits in 2025 and 10M lifetime appointments—supports an expanding footprint.

Strong Revenue Growth: Recent disclosures point to record annual and early‑year trading results in 2025–2026, signaling sustained top‑line momentum. Company communications also highlight elevated platform activity in options and expanded client analytics, reinforcing growth.

Market Expansion: A new Amsterdam office and recent build‑outs in Tokyo and Sydney indicate active geographic scaling across Europe and Asia‑Pacific. Increased global hiring across trading, engineering, and research supports deeper regional coverage and client reach.

Strong Market Position & Advantage: Materials emphasize a leading role in U.S. equities and retail order flow alongside prominent standings in U.S. Treasuries and investment‑grade credit. Record retail options activity and investment in high‑touch coverage integrated with electronic scale suggest durable competitive advantages.

Strong Revenue Growth: Revenue accelerated to about $1.60B in Q2 2026, up 19% year over year, following 12% growth in Q1 2026 and an 11% increase for full-year 2025. Rising ARPU alongside expanding DAU/MAU supported this top-line momentum.

Healthy Cash Flow: Q2 2026 free cash flow reached roughly $121M and operating cash flow improved to about $176M, both sharply higher year over year. These gains indicate improved operating efficiency even as GAAP net income remains negative.

Diversified Revenue Streams: “Other revenue” driven by subscriptions like Snapchat+ grew ~85% year over year in Q2 2026 (after ~87% in Q1), and Snapchat+ surpassed 25M subscribers by mid‑2026. This diversification is complementing ad recovery and helping sustain growth.

Strong Revenue Growth: Company communications highlight multi‑year revenue acceleration around the 2025 rebrand, alongside rising ARR and payment volume into 2026. Repeated Inc. 5000 recognition underscores sustained top‑line expansion.

Investor Backing & Capital Strength: A significant 2024 investment by Genstar Capital alongside TA Associates is positioned to fuel the next phase of scale. The 2026 appointment of a growth‑oriented CEO signals capacity to deploy this capital toward expansion.

Product Line Growth: LawPay was expanded into a broader financial management suite with offerings such as Smart Spend and a Visa business card, while multiple brands were unified under one platform to enable cross‑sell. New AI capabilities and integrations further extend the portfolio’s surface area.

Strong Revenue Growth: Estimated 2024 revenue or ARR around ~$60M and messaging of 2,500+ customers point to continued scaling. North America has been a growth engine with reported ~65% average year‑over‑year growth and more than 15% of revenue.

Investor Backing & Capital Strength: A $200M round in October 2021 led by Sumeru, SoftBank Vision Fund 2, and Silver Lake Waterman—bringing total funding to roughly $240M—provides capacity for product investment, hiring, and M&A. A 2025 grant adds incremental support for AI and skills initiatives.

Strategic Partnerships: A partnership with Workday announced on Nov 13, 2025, and integrations with major HCM platforms like UKG expand enterprise routes to market. These alliances can enhance distribution in mid‑market and enterprise segments.

Strong Revenue Growth: Recent quarters delivered double-digit year-over-year gains in revenue (Q1 +15%, Q2 +14%), and management raised the 2026 outlook to about 9–10% revenue growth after results exceeded guidance. This builds on 2025’s double-digit Q4 growth and an 8% full‑year revenue increase.

Diversified Revenue Streams: Strength across consumer brands, sustained expansion in B2B, and contributions from the EG Advertising business are cited as key growth engines. This spread across channels and monetization types supports continued momentum.

Strategic Partnerships: Ongoing expansion in B2B partnerships and the unification of B2B and supply leadership aim to tighten execution, with new distribution wins such as Allegiant and a pending CarTrawler acquisition reinforcing partner-led growth. These moves broaden reach and deepen platform integration.

Strong Revenue Growth: Revenue rose 11% year over year in Q2 2026, while contribution ex‑TAC increased 17% and management raised full‑year 2026 growth targets. Recent periods also show steady gains, including FY2025 revenue up about 7% and contribution ex‑TAC up 10%.

Profitability: Adjusted EBITDA grew 30% year over year in Q2 2026 with a 37% margin, and net income increased to $19.4M from $11.1M. FY2025 adjusted EBITDA rose 18%, indicating expanding operating leverage.

Strong Market Position & Advantage: CTV momentum is supported by broad‑based publisher demand and SpringServe differentiation, with CTV contribution ex‑TAC up 36% to $97.1M and reaching 51% of total. Company materials consistently position the firm as the largest independent SSP and a top player in CTV.

Resilient & Sustainable Growth: Square gross profit and payment volumes are rising with signs of acceleration in 2026; Q2 2026 gross profit reached about $1.16B and GPV increased at a low‑teens rate year over year. Management also raised the full‑year outlook at the Block level, indicating momentum in which Square is contributing.

Market Expansion: Traction with larger, multi‑location sellers and strong international GPV growth indicate expansion beyond very small businesses. U.S. GPV also accelerated to its strongest pace since Q2 2023, complementing faster non‑U.S. growth.

Innovation-Driven Growth: Hardware and AI are highlighted as fast‑compounding capabilities, and Square Financial Services has begun processing acquiring volume. An expanded ISO and partner ecosystem is bringing in more new sellers and deepening product adoption.

Strong Revenue Growth: Recent disclosures cite being on track to do more than $500M in net revenue for the fiscal year ending May 31 and a rise in a contribution metric from roughly $140M (2022) to about $350M (2024). Earlier filings also reported 32% year-over-year revenue growth in FY2021, indicating multi-year top-line expansion.

Product Line Growth: The company expanded beyond its core PEO with a standalone Payroll product, Employer of Record capabilities in Canada, and a 2026 ICHRA partnership with Thatch. These additions signal investment in adjacent offerings that can drive incremental growth.

Market Expansion: Customer counts progressed from nearly 9,000 (2022) to 12,000+ (2024/2025) and to about 15,000 in a 2026 CEO note, alongside 30% more new customers year over year. Operating throughput reached $31B+ in payroll processed and 268K+ W‑2s in 2025, consistent with a broader footprint.

Investor Backing & Capital Strength: BuildOps closed a $127M Series C in March 2025 at a $1B post‑money valuation, providing substantial capital to scale. Participation by top‑tier investors and the valuation step‑up indicate strong external confidence.

Strong Revenue Growth: Leadership stated revenue doubled in 2023 and 2024, and the company later appeared on the 2026 Inc. 5000 list, both pointing to sustained multi‑year expansion. Rising customer totals from 1,000+ to 1,500+ align with that trajectory.

Market Expansion: The company established a major hub in Raleigh and opened a dedicated Canadian HQ in Toronto in 2026, extending its geographic footprint. Reported headcount increases at these sites are consistent with scaling operations.