Twilio Inc (TWLO) Income Statement
TWLO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTWLO revenue and net income
Where TWLO's revenue goes
2025Each bar shows an amount and its share of revenue. TWLO kept 0.7% of revenue as net income.
TWLO profit margins
TWLO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.7% | +9.8% | +23.5% | +40.7% |
| Gross profit | +8.8% | +11.0% | +22.0% | +38.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −15.4% | — | +68.5% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TWLO quarterly EPS vs estimates
Twilio beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.73).
TWLO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.07B | $4.46B | $4.15B | $3.83B | $2.84B | $1.76B | $1.13B | $650.1M | $399.0M | $277.3M |
| Cost of revenue | $2.59B | $2.18B | $2.11B | $2.01B | $1.45B | $846.1M | $525.6M | $300.8M | $182.9M | $120.5M |
| Gross profit | $2.48B | $2.28B | $2.04B | $1.81B | $1.39B | $915.7M | $608.9M | $349.2M | $216.1M | $156.8M |
| Research & development | $1.02B | $1.01B | $942.8M | $1.08B | $789.2M | $530.5M | $391.4M | $171.4M | $120.7M | $77.9M |
| Sales, general & admin | $1.24B | $1.26B | $1.41B | $1.68B | $1.52B | $878.0M | $587.3M | $293.1M | $161.5M | $116.3M |
| Total operating expenses | $2.30B | $2.32B | $2.43B | $2.84B | $2.31B | $1.41B | $978.7M | $464.5M | $282.2M | $198.1M |
| Operating income | $174.7M | −$40.4M | −$390.3M | −$1.03B | −$915.6M | −$492.9M | −$369.8M | −$115.2M | −$66.1M | −$41.3M |
| Interest expense | — | — | — | $387.0M | $45.3M | $25.0M | $25.1M | $14.9M | $0 | $0 |
| Income before taxes | $55.1M | −$88.6M | −$996.7M | −$1.24B | −$960.9M | −$504.4M | −$362.2M | −$121.2M | −$63.0M | −$41.0M |
| Income taxes | $21.3M | $20.8M | $18.7M | $12.5M | −$11.0M | −$13.4M | −$55.2M | $791,000 | $705,000 | $326,000 |
| Net income | $33.8M | −$109.4M | −$1.02B | −$1.26B | −$949.9M | −$491.0M | −$307.1M | −$121.9M | −$63.7M | −$41.3M |
| EBITDA | $272.5M | $117.4M | −$712.3M | −$964.5M | −$702.6M | −$343.2M | −$259.4M | −$89.1M | −$47.3M | −$29.1M |
| EPS (diluted) | $3.12 | $3.69 | $2.45 | −$1.39 | −$0.25 | $0.23 | $0.15 | $0.10 | −$0.20 | −$0.27 |
| Gross margin | 48.9% | 51.1% | 49.2% | 47.4% | 48.9% | 52.0% | 53.7% | 53.7% | 54.2% | 56.5% |
| Operating margin | 3.4% | −0.9% | −9.4% | −26.9% | −32.2% | −28.0% | −32.6% | −17.7% | −16.6% | −14.9% |
| Net margin | 0.7% | −2.5% | −24.4% | −32.8% | −33.4% | −27.9% | −27.1% | −18.8% | −16.0% | −14.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.50B | $1.41B | $1.37B | $1.30B | $1.23B | $1.17B | $1.19B | $1.13B | $1.08B | $1.05B | $1.08B | $1.03B |
| Cost of revenue | $773.2M | $722.7M | $703.6M | $668.3M | $625.7M | $590.9M | $595.1M | $555.0M | $526.7M | $503.0M | $544.8M | $517.4M |
| Gross profit | $725.9M | $684.2M | $662.4M | $632.1M | $602.7M | $581.6M | $599.7M | $578.6M | $555.8M | $544.0M | $531.2M | $516.3M |
| Research & development | $273.3M | $262.2M | $260.1M | $262.3M | $243.5M | $254.3M | $252.6M | $261.5M | $242.8M | $251.6M | $235.6M | $241.7M |
| Sales, general & admin | $335.2M | $314.4M | $283.0M | $328.8M | $322.3M | $304.2M | $286.2M | $322.0M | $332.1M | $326.0M | $345.6M | $377.0M |
| Total operating expenses | $641.3M | $576.6M | $588.7M | $591.1M | $565.8M | $558.5M | $586.0M | $583.5M | $574.9M | $587.5M | $892.9M | $625.2M |
| Operating income | $84.5M | $107.7M | $73.7M | $40.9M | $37.0M | $23.1M | $13.7M | −$4.9M | −$19.0M | −$43.5M | −$361.7M | −$108.9M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $88.5M | — |
| Income before taxes | $75.5M | $102.2M | −$37.8M | $32.7M | $33.6M | $26.6M | −$13.6M | −$3.7M | −$26.2M | −$45.2M | −$359.7M | −$140.0M |
| Income taxes | −$991.7M | $12.1M | $8.1M | −$4.6M | $11.2M | $6.6M | −$1.1M | $6.1M | $5.6M | $10.2M | $5.8M | $1.7M |
| Net income | $1.07B | $90.1M | −$45.9M | $37.2M | $22.4M | $20.0M | −$12.5M | −$9.7M | −$31.9M | −$55.3M | −$365.4M | −$141.7M |
| EBITDA | $107.2M | $136.4M | $9.8M | $81.2M | $83.4M | $76.1M | $36.3M | $51.2M | $25.8M | $19.8M | $15.4M | −$29.7M |
| EPS (diluted) | $0.72 | $1.50 | $1.33 | $0.23 | $0.42 | $1.14 | $1.00 | $1.02 | $0.87 | $0.80 | $0.86 | $0.58 |
| Gross margin | 48.4% | 48.6% | 48.5% | 48.6% | 49.1% | 49.6% | 50.2% | 51.0% | 51.3% | 52.0% | 49.4% | 50.0% |
| Operating margin | 5.6% | 7.7% | 5.4% | 3.1% | 3.0% | 2.0% | 1.1% | −0.4% | −1.8% | −4.2% | −33.6% | −10.5% |
| Net margin | 71.2% | 6.4% | −3.4% | 2.9% | 1.8% | 1.7% | −1.0% | −0.9% | −2.9% | −5.3% | −34.0% | −13.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TWLO's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TWLO financial results
In fiscal year 2025 (ended December 31, 2025), Twilio reported revenue of $5.1 billion, up 13.7% from the year before. It had net income of $33.8 million, a net profit margin of 0.7%. Diluted earnings per share came to $3.12. Over five years revenue grew at an average rate of 23.5% a year.
See the TWLO stock overview for the latest quote and news, or the TWLO chart for price history and technical indicators.
TWLO income statement FAQ
What is Twilio's annual revenue?
Twilio reported total revenue of $5.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 13.7% from $4.5 billion the previous year.
Is Twilio profitable?
Yes. Twilio reported net income of $33.8 million in fiscal 2025, a net profit margin of 0.7%; its operating margin was 3.4%.
What is Twilio's gross margin?
Twilio's gross margin was 48.9% in fiscal 2025: for every $100 of revenue, Twilio kept $49 after the direct cost of its products and services.
How much does Twilio spend on research and development?
Twilio spent $1.0 billion on research and development in fiscal 2025, 20.1% of revenue.
How fast is Twilio growing?
Revenue grew 23.5% a year on average over the last five fiscal years, from $1.8 billion to $5.1 billion.
What are Twilio's earnings per share?
Twilio earned $3.12 per diluted share in fiscal 2025, compared with $3.69 a year earlier.
When will Twilio report its next earnings?
Twilio is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Twilio's fiscal year end?
Twilio's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.