Twilio Inc. (TWLO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.41B | 1.37B | 1.3B | 1.23B | 1.17B | 1.19B | 1.13B | 1.08B | 1.05B | 1.08B | 1.03B | 1.04B | 1.01B | 1.02B | 983.03M | 943.35M | 875.36M | 842.74M | 740.18M | 668.93M |
| Revenue Growth % | 20% | 14.32% | 14.71% | 13.48% | 11.98% | 11.05% | 9.67% | 4.31% | 4.02% | 5.01% | 5.15% | 10.01% | 14.99% | 21.58% | 32.81% | 41.02% | 48.37% | 53.76% | 65.23% | 66.88% |
| Cost of Goods Sold | 722.66M | 687.84M | 668.33M | 637.1M | 590.9M | 606.75M | 566.77M | 539.16M | 516.27M | 562.19M | 537.5M | 550.37M | 535.95M | 554.94M | 525.52M | 511.43M | 469.52M | 463.31M | 397.3M | 356.37M |
| COGS % of Revenue | 51.37% | 50.36% | 51.39% | 51.86% | 50.4% | 50.78% | 50% | 49.81% | 49.31% | 52.25% | 52% | 53.03% | 53.25% | 54.16% | 53.46% | 54.21% | 53.64% | 54.98% | 53.68% | 53.27% |
| Gross Profit | 684.24M | 678.1M | 632.08M | 591.33M | 581.57M | 588.09M | 566.87M | 543.34M | 530.78M | 513.76M | 496.17M | 487.39M | 470.61M | 469.63M | 457.51M | 431.93M | 405.84M | 379.44M | 342.88M | 312.56M |
| Gross Margin % | 48.63% | 49.64% | 48.61% | 48.14% | 49.6% | 49.22% | 50% | 50.19% | 50.69% | 47.75% | 48% | 46.97% | 46.75% | 45.84% | 46.54% | 45.79% | 46.36% | 45.02% | 46.32% | 46.73% |
| Gross Profit Growth % | 17.66% | 15.3% | 11.5% | 8.83% | 9.57% | 14.47% | 14.25% | 11.48% | 12.79% | 9.4% | 8.45% | 12.84% | 15.96% | 23.77% | 33.43% | 38.19% | 58.14% | 42.2% | 53.76% | 55.33% |
| Operating Expenses | 576.58M | 616.26M | 591.13M | 554.2M | 558.49M | 574.42M | 568.07M | 562.69M | 564.34M | 563.29M | 598.61M | 599.73M | 588M | 674.67M | 727.86M | 734.46M | 621.39M | 658.22M | 571.16M | 513.27M |
| OpEx % of Revenue | 40.98% | 45.12% | 45.46% | 45.11% | 47.63% | 48.08% | 50.11% | 51.98% | 53.9% | 52.35% | 57.91% | 57.79% | 58.42% | 65.85% | 74.04% | 77.86% | 70.99% | 78.1% | 77.16% | 76.73% |
| Selling, General & Admin | 314.41M | 331.13M | 328.82M | 322.26M | 304.19M | 286.19M | 318.93M | 332.1M | 325.98M | 328.3M | 357.38M | 373.25M | 349.82M | 401M | 443.54M | 455.24M | 381.2M | 435.39M | 361.73M | 332.37M |
| SG&A % of Revenue | 22.35% | 24.24% | 25.29% | 26.23% | 25.94% | 23.95% | 28.13% | 30.68% | 31.13% | 30.51% | 34.57% | 35.97% | 34.75% | 39.14% | 45.12% | 48.26% | 43.55% | 51.66% | 48.87% | 49.69% |
| Research & Development | 262.17M | 269.39M | 262.31M | 243.5M | 254.29M | 252.58M | 260.9M | 242.91M | 250.5M | 234.99M | 241.23M | 226.48M | 238.18M | 273.67M | 284.31M | 279.22M | 240.19M | 222.83M | 209.43M | 180.9M |
| R&D % of Revenue | 18.63% | 19.72% | 20.17% | 19.82% | 21.69% | 21.14% | 23.01% | 22.44% | 23.92% | 21.84% | 23.34% | 21.82% | 23.66% | 26.71% | 28.92% | 29.6% | 27.44% | 26.44% | 28.29% | 27.04% |
| Other Operating Expenses | 0 | 1000K | 0 | -1000K | 0 | 1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 107.67M | 61.83M | 40.95M | 37.13M | 23.08M | 13.67M | -1.2M | -19.35M | -33.56M | -49.54M | -102.45M | -112.33M | -117.39M | -205.04M | -270.35M | -302.53M | -215.55M | -278.78M | -228.28M | -200.71M |
| Operating Margin % | 7.65% | 4.53% | 3.15% | 3.02% | 1.97% | 1.14% | -0.11% | -1.79% | -3.21% | -4.6% | -9.91% | -10.82% | -11.66% | -20.01% | -27.5% | -32.07% | -24.62% | -33.08% | -30.84% | -30% |
| Operating Income Growth % | 366.45% | 352.31% | 3512.33% | 291.91% | 168.78% | 127.6% | 98.83% | 82.78% | 71.41% | 75.84% | 62.11% | 62.87% | 45.54% | 26.45% | -18.43% | -50.73% | -9.95% | -69.65% | -103.33% | -95.54% |
| EBITDA | 107.67M | 136.54M | 78.93M | 92.31M | 72.65M | 63.48M | 53.68M | 32.72M | 19.76M | 21.06M | -29.87M | -29.84M | -37.42M | -125.3M | -187.08M | -219.76M | -135.03M | -197.54M | -144.97M | -129.41M |
| EBITDA Margin % | 7.65% | 10% | 6.07% | 7.51% | 6.2% | 5.31% | 4.74% | 3.02% | 1.89% | 1.96% | -2.89% | -2.88% | -3.72% | -12.23% | -19.03% | -23.3% | -15.43% | -23.44% | -19.59% | -19.35% |
| EBITDA Growth % | 48.2% | 115.08% | 47.04% | 182.15% | 267.65% | 201.39% | 279.74% | 209.64% | 152.8% | 116.81% | 84.04% | 86.42% | 72.29% | 36.57% | -29.05% | -69.83% | -8.25% | -94.46% | -108.48% | -114.36% |
| D&A (Non-Cash Add-back) | 0 | 74.71M | 37.98M | 55.18M | 49.56M | 49.81M | 54.88M | 52.06M | 53.32M | 70.6M | 72.58M | 82.5M | 79.97M | 79.74M | 83.27M | 82.77M | 80.52M | 81.25M | 83.31M | 71.3M |
| EBIT | 0 | -37.77M | 32.68M | 33.59M | 23.08M | 13.67M | -3.65M | -26.24M | -45.16M | -359.65M | -139.96M | -165.44M | -331.67M | -220.22M | -478.75M | -320.18M | -224.49M | -289.75M | -219.34M | -215.44M |
| Net Interest Income | 0 | 0 | 16.3M | 17.9M | 18.9M | 19.5M | 20.1M | 23.5M | 27.2M | 24.5M | 19.3M | 16.7M | 17.2M | 17.1M | 16.3M | 15.6M | 15.6M | 16.2M | -3.42M | -5.53M |
| Interest Income | 0 | 0 | 16.3M | 17.9M | 18.9M | 19.5M | 20.1M | 23.5M | 27.2M | 24.5M | 19.3M | 16.7M | 17.2M | 17.1M | 16.3M | 15.6M | 15.6M | 16.2M | 16.2M | 5.6M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.62M | 11.13M |
| Other Income/Expense | -5.43M | -99.6M | -8.26M | -3.54M | 3.5M | -27.23M | -2.45M | -6.9M | -11.6M | -310.12M | -37.51M | -53.11M | -214.28M | -15.19M | -208.4M | -17.64M | -8.93M | -10.97M | -10.68M | -25.86M |
| Pretax Income | 102.23M | -37.77M | 32.68M | 33.59M | 26.58M | -13.56M | -3.65M | -26.24M | -45.16M | -359.65M | -139.96M | -165.44M | -331.67M | -220.22M | -478.75M | -320.18M | -224.49M | -289.75M | -238.96M | -226.57M |
| Pretax Margin % | 7.27% | -2.76% | 2.51% | 2.73% | 2.27% | -1.13% | -0.32% | -2.42% | -4.31% | -33.43% | -13.54% | -15.94% | -32.95% | -21.49% | -48.7% | -33.94% | -25.64% | -34.38% | -32.28% | -33.87% |
| Income Tax | -12.09M | 8.09M | -4.56M | 11.17M | 6.57M | -1.09M | 6.08M | 5.62M | 10.19M | 5.75M | 1.75M | 744K | 10.47M | 9.2M | 3.58M | 2.59M | -2.86M | 1.64M | -14.85M | 1.29M |
| Effective Tax Rate % | -11.83% | -21.42% | -13.96% | 33.25% | 24.7% | 8.02% | -166.39% | -21.4% | -22.56% | -1.6% | -1.25% | -0.45% | -3.16% | -4.18% | -0.75% | -0.81% | 1.27% | -0.57% | 6.21% | -0.57% |
| Net Income | 90.14M | -45.85M | 37.25M | 22.42M | 20.02M | -12.47M | -9.73M | -31.86M | -55.35M | -365.41M | -141.71M | -166.19M | -342.14M | -229.42M | -482.33M | -322.77M | -221.63M | -291.4M | -224.11M | -227.85M |
| Net Margin % | 6.41% | -3.36% | 2.86% | 1.83% | 1.71% | -1.04% | -0.86% | -2.94% | -5.29% | -33.96% | -13.71% | -16.01% | -33.99% | -22.39% | -49.07% | -34.22% | -25.32% | -34.58% | -30.28% | -34.06% |
| Net Income Growth % | 350.31% | -267.71% | 482.97% | 170.38% | 136.17% | 96.59% | 93.14% | 80.83% | 83.82% | -59.27% | 70.62% | 48.51% | -54.38% | 21.27% | -115.22% | -41.66% | -7.3% | -62.47% | -91.69% | -128.03% |
| Net Income (Continuing) | 90.14M | -45.85M | 37.25M | 22.42M | 20.02M | -12.47M | -9.73M | -31.86M | -55.35M | -365.41M | -141.71M | -166.19M | -342.14M | -229.42M | -482.33M | -322.77M | -221.63M | -291.4M | -224.11M | -227.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.57 | -0.30 | 0.23 | 0.14 | 0.12 | -0.08 | -0.06 | -0.19 | -0.31 | -2.01 | -0.78 | -0.91 | -1.84 | -1.24 | -2.63 | -1.77 | -1.23 | -1.63 | -1.26 | -1.31 |
| EPS Growth % | 375% | -275% | 476.43% | 173.68% | 138.71% | 96.02% | 92.17% | 79.12% | 83.15% | -62.1% | 70.34% | 48.59% | -49.59% | 23.93% | -108.73% | -35.11% | 0.81% | -44.25% | -59.49% | -84.51% |
| EPS (Basic) | 0.59 | -0.30 | 0.24 | 0.15 | 0.13 | -0.08 | -0.06 | -0.19 | -0.31 | -2.01 | -0.78 | -0.91 | -1.84 | -1.24 | -2.63 | -1.77 | -1.23 | -1.63 | -1.26 | -1.31 |
| Diluted Shares Outstanding | 157.76M | 152.34M | 159.21M | 159.69M | 161.79M | 165.93M | 159.09M | 170.22M | 181.02M | 181.79M | 181.75M | 183.49M | 186.4M | 185.12M | 183.69M | 182.35M | 180.9M | 178.93M | 177.23M | 173.41M |
| Basic Shares Outstanding | 152.42M | 152.34M | 153.12M | 153.23M | 153.35M | 165.93M | 159.09M | 170.22M | 181.02M | 181.79M | 181.75M | 183.49M | 186.4M | 185.12M | 183.69M | 182.35M | 180.9M | 178.93M | 177.23M | 173.41M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |