Top Software Companies in Toronto (839)

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: 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.

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.

Strong Revenue Growth: Q2 2026 total net revenue rose 4% sequentially to $15.9 billion. Integration of Discover and Brex contributed to higher non‑interest income and broader payments capabilities.

Profitability: Q2 2026 net income reached $3.0 billion, up from $2.2 billion in Q1 2026, alongside a net interest margin of 8.01%. Management also cited strong credit performance, including a $662 million reserve release.

Market Expansion: Acquisition‑driven scale is broadening reach, with the Discover deal (closed May 18, 2025) and Brex (closed April 7, 2026) adding network and corporate card/spend‑management capabilities. Balance‑sheet growth continued in Q2 2026 as period‑end loans rose 2% to $457.2 billion and total assets reached $673.8 billion.

Strong Revenue Growth: Revenue is described at roughly $600M in 2024 with about 43% year-over-year growth and an estimated $900M annualized run-rate by October 2025. External recognitions like Deloitte Technology Fast 500 and the FT Americas’ Fastest Growing Companies 2026 align with this expansion trajectory.

Product Line Growth: Acquisitions of AfterSell (2024), mParticle (January 2025), and Canal (July 2025) expanded capabilities into SMB upsells, customer data platform functionality, and distributed commerce via Rokt Catalog. These additions broaden the offering beyond core checkout ads and support continued scale.

Investor Backing & Capital Strength: A January 16, 2025 secondary share sale valued the company at about $3.5B, signaling strong late-stage investor support. Coverage also notes a potential 2026 IPO target, consistent with capital-markets readiness.

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.

Market Expansion: PSA announced two new U.S. grading hubs (Plano, TX and Boca Raton, FL) and its first full‑scale European facility in Frankfurt targeted for summer 2026. Feedback suggests these moves are aimed at increasing throughput and serving growing international demand.

Strategic Partnerships: In May 2024, Collectors and eBay completed transactions to integrate vaulting, grading, and selling—PSA acquired the eBay Vault and the firms entered a commercial agreement. Feedback suggests this creates a more end‑to‑end hobby stack that can drive submissions and liquidity.

Investor Backing & Capital Strength: Sports Business Journal reported a planned $200M investment to expand operations and hire around 1,000 roles through 2026, alongside earlier financing of $100M at a multibillion valuation. These commitments indicate ample capital to scale facilities, technology, and headcount.

Market Expansion: The company announced an expansion into the UK in early 2026, naming local leadership to drive partnerships and growth in Lombard lending. This extends its footprint beyond the U.S. into a key wealth market and broadens distribution.

Product Line Growth: In 2024 it launched Prism, an AI‑powered document assistant, and a next‑generation cloud collateral‑management solution supporting multiple asset types. These releases expand capabilities beyond core SBL workflows into adjacent operational functions for banks and wealth platforms.

Strategic Partnerships: Relationships include a 2024 collaboration with R&T Deposit Solutions and a Supernova‑powered rollout at Old National Bancorp in late 2023, alongside earlier work with AssetMark Trust. These partnerships signal growing institutional adoption and added go‑to‑market channels.

Strong Revenue Growth: Revenue is described as accelerating sharply, with filings showing substantial year-over-year gains through 2024 and the first nine months of 2025, and independent estimates pointing to a billion‑dollar run rate in 2025. These trends align with rising client activity and balances disclosed alongside product launches.

Investor Backing & Capital Strength: New equity financing in January 2026 co‑led by Baillie Gifford and SBI Holdings, reports of a multibillion‑dollar pre‑IPO valuation, and outstanding senior notes expand financial capacity for scaling. These signals suggest ample capital to support continued build‑out and pre‑IPO positioning.

Market Expansion: Licenses in Europe, an APAC entry via the Boom Securities deal, and a trading app for sophisticated individual investors broaden both geography and customer segments beyond institutional prime brokerage. Cross‑margin and digital‑asset initiatives further indicate expansion into adjacent markets.

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: ARR is reported up 42% year over year in 2024 with a further 28% uplift cited year‑to‑date in late 2025 and continued growth into 2026. Cloud ARR also rose strongly across 2023–2026, reinforcing top‑line momentum.

Market Expansion: New‑customer additions of 305 in 2024, 340 in 2025, and 90 early in 2026, alongside cloud adoption reaching 78% of the base, point to a widening footprint. Additional Azure regions (e.g., Switzerland) and thousands of organizations served further indicate expanded reach.

Innovation-Driven Growth: New AI‑powered offerings such as Ask iManage, iManage AI Enrichment, and Mailbox Assistant, plus secure MCP integrations, signal product‑led expansion. An expanded partnership with Thomson Reuters to deliver governed AI‑powered workflows underscores focus on AI‑enabled growth.

Strong Revenue Growth: Company posts indicate it finished 2025 at about $2.7B in revenue with a Q4 run-rate near $3B, alongside >25% truckload volume growth. Earlier disclosures show a climb from ~$0.8B in 2020 to the billions by 2025, reflecting a sustained top-line expansion.

Profitability: Leadership highlights positive net income in 2025 and notes the business ended 2024 profitably. Growth investments in technology and expansion are being pursued alongside earnings, underscoring disciplined scaling.

Cost & Operational Efficiency: Internal cost per load fell and management reports productivity gains tied to its technology platform, with further improvements targeted in 2025. These efficiency trends are presented as levers to manage volatility while scaling.

Investor Backing & Capital Strength: The June 2025 definitive agreement for acquisition by STG, with leadership continuity noted at announcement and a sizable employee footprint, points to a platform investment with resources to scale. Earlier unicorn-level financing further underscores access to capital supporting ongoing expansion.

Innovation-Driven Growth: Regular releases through late 2025 and 2026—such as Da Vinci enhancements and the launch of Programmatic CRM with AI/agentic capabilities—signal sustained R&D and product momentum. Feature and suite expansion across email, mobile, and web indicate a growth engine rooted in innovation.

Strong Hiring & Retention: Mid-2026 career pages and third-party trackers show active open roles and “we’re hiring” messaging, implying continued team expansion. Public materials reference a global workforce across multiple regions, consistent with selective 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: 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.

Strong Revenue Growth: Company communications describe ARR more than tripling in 2025, marking its strongest year to date. These disclosures point to clear top‑line momentum into 2026.

Product Line Growth: Announcements highlight expanded AI functionality for healthcare in June 2026 alongside ongoing platform updates. This indicates continued investment in new capabilities and vertical depth.

Strong Hiring & Retention: Multiple senior appointments in mid‑2026, including an EVP of Technology & Operations and additional leadership roles, suggest active scaling of the executive and technical bench. References to broader team expansion reinforce organizational build‑out.

Cost & Operational Efficiency: Cost-reduction efforts and a simplified corporate structure carried into 2026, with adjusted EBITDA improving sequentially from late 2025 into Q1 and Q2 2026. Management frames these actions as an operational reset supporting stabilization.

Future-Ready Strategy: App engagement is being emphasized, with rising app GOV share and stronger user engagement alongside a focus on private‑label partnerships. These initiatives are positioned to lessen dependence on paid acquisition and support a return to growth.

Market Expansion: Acquisitions such as Wavedash in Japan and Vegas.com, plus new partnerships with major sports teams, broaden geographic and category reach. The company also raised its 2026 outlook after Q2, aided by event-driven demand.

Strong Revenue Growth: Subscription revenue reached $3.877B in Q2 2026, growing strongly year over year, with total revenue also advancing. The company raised its full-year 2026 subscription outlook to $15.76–$15.78B and guided continued double-digit growth into Q3.

Product Line Growth: “ServiceNow AI” surpassed $1B in ACV in Q2 2026, acting as a catalyst for deal activity and upsell. Newer AI capabilities layered onto core workflows are described as adding incremental momentum.

Resilient & Sustainable Growth: Current and total RPO climbed to $13.20B and $29.0B, respectively, indicating strong contracted demand ahead. The number of customers above $5M in ACV increased meaningfully, supporting durable multi‑year expansion.

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.

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.