What is Twilio Inc's earnings per share (EPS)?

Twilio Inc (TWLO) reported diluted earnings per share of $0.21 for fiscal year 2025. This represents a 131.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Twilio Inc Financials

TWLO

Trailing 12 months to June 30, 2026

Revenue $5.6B +17.8% YoY

Net Income $1.1B +5464.5% YoY

EPS (Diluted) $7.19 +6436.4% YoY

Free Cash Flow Not reported for the trailing 12 months

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Twilio Inc (TWLO) reported $5.6B in revenue over the twelve months to Jun 30, 2026, up 17.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TWLO FY2025 2026-08-07

Twilio’s recent turnaround is mainly a cost-discipline and cash-conversion story, not a simple march of higher gross margins.

Between FY2023 and FY2025, operating margin moved from -21.1% to 3.1%, a turnaround that happened without a matching lift in gross margin. At the same time, operating cash flow reached $1.0B while net income was only $34M, so the business now throws off cash far faster than earnings alone suggest and is behaving more like a mature operator than its still-thin net margin implies.

The route to profitability looks expense-led: SG&A fell from $468M to $411M across FY2023-FY2025. R&D stayed near $1.0B, which means management tightened overhead without materially stepping back from product investment.

Low leverage is real, but goodwill-heavy assets matter: $5.3B of goodwill makes up more than half of total assets. Even so, a current ratio of 4.0x and debt-to-equity of 0.1x, alongside $869M of buybacks, suggest capital returns were funded from operating strength rather than new borrowing.

Financial Health Signals

Financial Health Score 45/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Twilio Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Twilio Inc has an operating margin of 3.1%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from -1.2% the prior year.

Growth

Twilio Inc's revenue grew 13.7% year-over-year to $5.1B, a solid pace of expansion. This earns a growth score of 66/100.

Leverage

Twilio Inc has a moderate D/E ratio of 0.13. This balance of debt and equity financing earns a leverage score of 49/100.

Liquidity

With a current ratio of 4.03, Twilio Inc holds $4.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 86/100.

Cash Flow

Not available for Twilio Inc, and counted as zero in the overall score.

Returns

Twilio Inc's ROE of 0.4% shows moderate profitability relative to equity, earning a score of 35/100. This is up from -1.4% the prior year.

Altman Z-Score Safe

10.95

Twilio Inc scores 10.95, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($36.5B) relative to total liabilities ($1.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Twilio Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

N/A

Twilio Inc reported $34.0M of net income while generating $1.0B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.1B

YoY+13.7%

5Y CAGR+23.5%

10Y CAGR+40.7%

Twilio Inc generated $5.1B in revenue in fiscal year 2025. This represents an increase of 13.7% from the prior year.

EBITDA

$353.2M

YoY+132.0%

Twilio Inc's EBITDA was $353.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 132.0% from the prior year.

Net Income

$34.0M

YoY+131.2%

Twilio Inc reported $34.0M in net income in fiscal year 2025. This represents an increase of 131.2% from the prior year.

EPS (Diluted)

$0.21

YoY+131.8%

Twilio Inc earned $0.21 per diluted share (EPS) in fiscal year 2025. This represents an increase of 131.8% from the prior year.

Cash & Balance Sheet

Cash & Debt

$682.3M

YoY+62.0%

5Y CAGR-6.1%

10Y CAGR+20.1%

Twilio Inc held $682.3M in cash against $992.3M in long-term debt as of fiscal year 2025.

Shares Outstanding

152M

YoY-0.7%

5Y CAGR-1.6%

Twilio Inc had 152M shares outstanding in fiscal year 2025. This represents a decrease of 0.7% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

48.9%

YoY-2.2pp

5Y CAGR-3.1pp

10Y CAGR-6.5pp

Twilio Inc's gross margin was 48.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.2 percentage points from the prior year.

Operating Margin

3.1%

YoY+4.3pp

5Y CAGR+31.1pp

10Y CAGR+24.3pp

Twilio Inc's operating margin was 3.1% in fiscal year 2025, reflecting core business profitability. This is up 4.3 percentage points from the prior year.

Net Margin

0.7%

YoY+3.1pp

5Y CAGR+28.5pp

10Y CAGR+21.9pp

Twilio Inc's net profit margin was 0.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity

0.4%

YoY+1.8pp

5Y CAGR+6.2pp

10Y CAGR+30.9pp

Twilio Inc's ROE was 0.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.0B

YoY+1.1%

5Y CAGR+14.0%

10Y CAGR+37.4%

Twilio Inc invested $1.0B in research and development in fiscal year 2025. This represents an increase of 1.1% from the prior year.

Share Buybacks

$868.9M

YoY-62.8%

Twilio Inc spent $868.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 62.8% from the prior year.

Capital Expenditures

Not reported for fiscal year 2025.

TWLO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TWLO quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Revenue	$5.6B	$5.1B+13.7%	$4.5B+7.3%	$4.2B+8.6%	$3.8B+34.6%	$2.8B+61.3%	$1.8B+55.3%	$1.1B+74.5%	$650.1M+62.9%	$399.0M+43.9%	$277.3M+66.1%	$166.9M+87.9%	$88.8M
Cost of Revenue	$2.9B	$2.6B+18.7%	$2.2B+3.3%	$2.1B+4.8%	$2.0B+38.7%	$1.5B+71.5%	$846.1M+61.0%	$525.6M+74.7%	$300.8M+64.5%	$182.9M+51.8%	$120.5M+61.9%	$74.5M+79.7%	$41.4M
Gross Profit	$2.7B	$2.5B+8.8%	$2.3B+11.5%	$2.0B+12.7%	$1.8B+30.4%	$1.4B+51.9%	$915.7M+50.4%	$608.9M+74.4%	$349.2M+61.6%	$216.1M+37.8%	$156.8M+69.6%	$92.5M+95.0%	$47.4M
R&D Expenses	$1.1B	$1.0B+1.1%	$1.0B+7.0%	$942.8M-12.6%	$1.1B+36.7%	$789.2M+48.8%	$530.5M+35.6%	$391.4M+128.4%	$171.4M+41.9%	$120.7M+54.9%	$77.9M+83.1%	$42.6M+95.0%	$21.8M
SG&A Expenses	$438.0M	$410.7M-8.6%	$449.1M-4.1%	$468.5M-9.5%	$517.4M+9.5%	$472.5M+52.1%	$310.6M+42.3%	$218.3M+85.7%	$117.5M+93.4%	$60.8M+19.0%	$51.1M+41.9%	$36.0M+89.8%	$19.0M
Operating Income	$289.9M	$157.8M+393.8%	-$53.7M+93.9%	-$876.5M+27.3%	-$1.2B-31.6%	-$915.6M-85.8%	-$492.9M-33.3%	-$369.8M-220.9%	-$115.2M-74.4%	-$66.1M-59.9%	-$41.3M-16.7%	-$35.4M-32.6%	-$26.7M
Income Tax	-$976.1M	$21.3M+2.3%	$20.8M+11.1%	$18.7M+49.5%	$12.5M+213.5%	-$11.0M+18.0%	-$13.4M+75.6%	-$55.2M-7072.6%	$791K+12.2%	$705K+116.3%	$326K+167.2%	$122K+838.5%	$13K
Net Income	$1.1B	$34.0M+131.2%	-$109.0M+89.3%	-$1.0B+19.2%	-$1.3B-32.2%	-$950.0M-93.5%	-$491.0M-59.9%	-$307.1M-151.8%	-$121.9M-91.4%	-$63.7M-54.2%	-$41.3M-16.4%	-$35.5M-32.7%	-$26.8M
EPS (Diluted)	$7.19	$0.21+131.8%	-$0.66+88.1%	-$5.54+19.2%	-$6.86-25.9%	-$5.45-62.7%	-$3.35-41.9%	-$2.36	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.5B+6.6%	$1.4B+3.0%	$1.4B+5.0%	$1.3B+5.9%	$1.2B+4.8%	$1.2B-1.9%	$1.2B+5.4%	$1.1B
Cost of Revenue	$773.2M+7.0%	$722.7M+2.7%	$703.6M+5.3%	$668.3M+6.8%	$625.7M+5.9%	$590.9M-0.7%	$595.1M+7.2%	$555.0M
Gross Profit	$725.9M+6.1%	$684.2M+3.3%	$662.4M+4.8%	$632.1M+4.9%	$602.7M+3.6%	$581.6M-3.0%	$599.7M+3.6%	$578.6M
R&D Expenses	$273.3M+4.3%	$262.2M+0.8%	$260.1M-0.9%	$262.3M+7.7%	$243.5M-4.2%	$254.3M+4.2%	$244.0M-6.7%	$261.5M
SG&A Expenses	$118.4M+15.5%	$102.5M-5.8%	$108.9M+0.6%	$108.2M+6.6%	$101.5M+10.3%	$92.1M-20.5%	$115.8M+8.8%	$106.5M
Operating Income	$84.5M-21.5%	$107.7M+89.6%	$56.8M+38.7%	$40.9M+10.7%	$37.0M+60.3%	$23.1M+68.2%	$13.7M+380.5%	-$4.9M
Income Tax	-$991.7M-8300.5%	$12.1M+49.5%	$8.1M+277.2%	-$4.6M-140.9%	$11.2M+70.1%	$6.6M+703.6%	-$1.1M-117.9%	$6.1M
Net Income	$1.1B+1084.0%	$90.1M+297.3%	-$45.7M-222.7%	$37.2M+66.1%	$22.4M+12.0%	$20.0M+265.9%	-$12.1M-24.1%	-$9.7M
EPS (Diluted)	$6.68+1071.9%	$0.57+296.6%	-$0.29-226.1%	$0.23+64.3%	$0.14+16.7%	$0.12+233.3%	-$0.09-50.0%	-$0.06

Not reported in any period shown, so not listed: Interest Expense.

TWLO Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TWLO quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Total Assets	$9.8B-1.0%	$9.9B-15.0%	$11.6B-7.6%	$12.6B-3.3%	$13.0B+37.0%	$9.5B+84.2%	$5.2B+400.7%	$1.0B+128.7%	$449.8M+9.0%	$412.7M+162.0%	$157.5M	N/A
Current Assets	$3.6B+3.8%	$3.4B-29.7%	$4.9B-1.6%	$5.0B-16.0%	$5.9B+75.9%	$3.4B+63.6%	$2.1B+136.1%	$872.9M+147.1%	$353.3M0.0%	$353.4M+158.9%	$136.5M	N/A
Cash & Equivalents	$682.3M+62.0%	$421.3M-35.8%	$655.9M+0.6%	$651.8M-55.9%	$1.5B+58.4%	$933.9M+268.1%	$253.7M-47.9%	$487.2M+322.6%	$115.3M-62.3%	$305.7M+180.9%	$108.8M+233.6%	$32.6M
Accounts Receivable	$636.7M+8.2%	$588.5M+4.6%	$562.8M+2.8%	$547.5M+41.0%	$388.2M+54.6%	$251.2M+63.0%	$154.1M+57.7%	$97.7M+126.6%	$43.1M+64.5%	$26.2M+37.2%	$19.1M	N/A
Goodwill	$5.3B+0.9%	$5.2B0.0%	$5.2B-0.8%	$5.3B+0.4%	$5.3B+14.5%	$4.6B+100.1%	$2.3B+5918.0%	$38.2M+113.8%	$17.9M+400.7%	$3.6M+12.6%	$3.2M	N/A
Total Liabilities	$1.9B+1.9%	$1.9B+1.9%	$1.9B-6.4%	$2.0B+1.9%	$2.0B+90.1%	$1.0B+18.8%	$871.1M+47.5%	$590.5M+556.6%	$89.9M+8.0%	$83.2M+103.6%	$40.9M	N/A
Current Liabilities	$887.0M+8.1%	$820.2M+11.1%	$738.3M-8.6%	$808.2M+14.9%	$703.5M+56.9%	$448.3M+81.3%	$247.2M+79.4%	$137.8M+75.5%	$78.5M+6.5%	$73.7M+82.2%	$40.4M	N/A
Long-Term Debt	$992.3M+0.2%	$990.6M+0.2%	$989.0M+0.2%	$987.4M+0.1%	$985.9M+226.4%	$302.1M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.8B-1.7%	$8.0B-18.3%	$9.7B-7.8%	$10.6B-4.3%	$11.0B+30.5%	$8.5B+97.5%	$4.3B+876.5%	$438.2M+21.8%	$359.8M+9.2%	$329.4M+182.5%	$116.6M+273.9%	$31.2M
Retained Earnings	-$8.3B-10.9%	-$7.5B-48.5%	-$5.1B-50.1%	-$3.4B-59.3%	-$2.1B-81.2%	-$1.2B-72.3%	-$678.8M-82.6%	-$371.7M-48.4%	-$250.4M-34.1%	-$186.7M-28.4%	-$145.4M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$10.8B+13.2%	$9.6B-2.0%	$9.8B+0.6%	$9.7B-1.4%	$9.8B+0.3%	$9.8B-0.5%	$9.9B-1.7%	$10.0B
Current Assets	$3.7B+8.7%	$3.4B-3.6%	$3.6B+2.9%	$3.5B-1.5%	$3.5B+1.8%	$3.5B+0.6%	$3.4B-2.8%	$3.5B
Cash & Equivalents	$823.3M+51.9%	$542.0M-20.6%	$682.3M-7.1%	$734.8M-24.2%	$969.2M+107.5%	$467.1M+10.9%	$421.3M-27.9%	$584.0M
Accounts Receivable	$760.1M+7.0%	$710.5M+11.6%	$636.7M+3.9%	$613.1M+4.3%	$588.0M+1.8%	$577.6M-1.9%	$588.5M+6.8%	$550.9M
Goodwill	$5.3B0.0%	$5.3B0.0%	$5.3B+0.9%	$5.2B0.0%	$5.2B0.0%	$5.2B0.0%	$5.2B0.0%	$5.2B
Total Liabilities	$1.9B+3.8%	$1.8B-8.0%	$1.9B+7.3%	$1.8B+0.7%	$1.8B-0.3%	$1.8B-5.3%	$1.9B+5.8%	$1.8B
Current Liabilities	$810.7M+9.5%	$740.3M-16.5%	$887.0M+19.5%	$742.3M+3.1%	$720.1M-0.8%	$725.9M-11.5%	$820.2M+17.1%	$700.7M
Long-Term Debt	$993.2M0.0%	$992.7M0.0%	$992.3M0.0%	$991.9M0.0%	$991.4M0.0%	$991.0M0.0%	$990.6M0.0%	$990.2M
Total Equity	$9.0B+15.3%	$7.8B-0.5%	$7.8B-0.9%	$7.9B-1.8%	$8.0B+0.5%	$8.0B+0.6%	$8.0B-3.4%	$8.2B
Retained Earnings	-$7.5B+11.8%	-$8.5B-2.0%	-$8.3B-3.0%	-$8.1B-4.0%	-$7.8B-2.0%	-$7.6B-1.5%	-$7.5B-6.0%	-$7.1B

Not reported in any period shown, so not listed: Inventory.

TWLO Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TWLO quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Operating Cash Flow	$1.1B	$1.0B+40.1%	$716.2M+72.7%	$414.8M+263.1%	-$254.4M-337.1%	-$58.2M-278.2%	$32.7M+132.4%	$14.0M+76.0%	$8.0M+345.3%	-$3.3M-132.2%	$10.1M+153.8%	-$18.8M-8.1%	-$17.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$46.0M+78.4%	$25.8M-43.1%	$45.4M+788.0%	$5.1M-44.8%	$9.2M-34.8%	$14.2M+726.5%	$1.7M+65.1%	$1.0M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$104.2M-1622.0%	$6.8M+121.9%	-$31.3M-1189.8%	$2.9M+123.0%	-$12.5M-206.7%	-$4.1M+80.1%	-$20.5M-11.3%	-$18.4M
Investing Cash Flow	-$396.4M	$80.9M-94.1%	$1.4B+499.7%	$228.6M+137.1%	-$616.5M+75.2%	-$2.5B-194.4%	-$845.9M+34.2%	-$1.3B-822.3%	-$139.4M+38.5%	-$226.7M-548.1%	-$35.0M-182.6%	-$12.4M	N/A
Financing Cash Flow	-$821.8M	-$833.1M+64.0%	-$2.3B-259.2%	-$643.6M-1530.0%	$45.0M-98.5%	$3.1B+107.3%	$1.5B+46.4%	$1.0B+97.8%	$515.8M+1315.6%	$36.4M-84.1%	$229.2M+113.5%	$107.3M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.4M	N/A
Share Buybacks	$868.7M	$868.9M-62.8%	$2.3B+249.1%	$668.8M	$0	$0	N/A	$0	$0-100.0%	$100K+4900.0%	$2K-100.0%	$20.8M+520150.0%	$4K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$372.4M+143.1%	$153.2M-43.6%	$271.6M+3.0%	$263.6M-4.9%	$277.1M+45.0%	$191.0M+76.2%	$108.4M-46.9%	$204.3M
Investing Cash Flow	-$53.2M-29.3%	-$41.2M+70.7%	-$140.4M+13.0%	-$161.5M-140.2%	$402.0M+2200.4%	-$19.1M-114.8%	$129.1M-51.7%	$267.4M
Financing Cash Flow	-$37.9M+85.0%	-$252.6M-37.7%	-$183.4M+47.3%	-$348.0M-97.8%	-$175.9M-39.8%	-$125.8M+69.2%	-$407.8M+36.6%	-$642.8M
Share Buybacks	$70.0M-72.3%	$253.0M+27.5%	$198.5M-42.8%	$347.2M+76.3%	$197.0M+56.0%	$126.3M-69.9%	$420.1M-34.4%	$640.6M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

TWLO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

TWLO quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14
Gross Margin	48.9%-2.2pp	51.1%+1.9pp	49.2%+1.8pp	47.4%-1.5pp	48.9%-3.0pp	52.0%-1.7pp	53.7%-0.1pp	53.7%-0.4pp	54.2%-2.4pp	56.5%+1.1pp	55.4%+2.0pp	53.4%
Operating Margin	3.1%+4.3pp	-1.2%+19.9pp	-21.1%+10.4pp	-31.5%+0.7pp	-32.2%-4.2pp	-28.0%+4.6pp	-32.6%-14.9pp	-17.7%-1.2pp	-16.6%-1.7pp	-14.9%+6.3pp	-21.2%+8.8pp	-30.0%
Net Margin	0.7%+3.1pp	-2.5%+22.0pp	-24.4%+8.4pp	-32.8%+0.6pp	-33.4%-5.6pp	-27.9%-0.8pp	-27.1%-8.3pp	-18.8%-2.8pp	-16.0%-1.1pp	-14.9%+6.4pp	-21.3%+8.9pp	-30.1%
Return on Equity	0.4%+1.8pp	-1.4%+9.1pp	-10.4%+1.5pp	-11.9%-3.3pp	-8.6%-2.8pp	-5.8%+1.4pp	-7.2%+20.6pp	-27.8%-10.1pp	-17.7%-5.2pp	-12.5%+17.9pp	-30.4%+55.3pp	-85.8%
Return on Assets	0.4%+1.4pp	-1.1%+7.6pp	-8.7%+1.3pp	-10.0%-2.7pp	-7.3%-2.1pp	-5.2%+0.8pp	-6.0%+5.9pp	-11.8%+2.3pp	-14.2%-4.2pp	-10.0%+12.5pp	-22.5%	N/A
Current Ratio	4.03-0.2x	4.20-2.4x	6.64+0.5x	6.17-2.3x	8.43+0.9x	7.52-0.8x	8.34+2.0x	6.33+1.8x	4.50-0.3x	4.79+1.4x	3.37	N/A
Debt-to-Equity	0.130.0x	0.120.0x	0.100.0x	0.090.0x	0.09+0.1x	0.04-0.2x	0.20-1.1x	1.35+1.1x	0.250.0x	0.25-0.1x	0.35	N/A
FCF Margin	N/A	N/A	N/A	N/A	-3.7%-4.1pp	0.4%+3.1pp	-2.8%-3.2pp	0.4%+3.6pp	-3.1%-1.7pp	-1.5%+10.8pp	-12.3%+8.4pp	-20.7%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	48.4%-0.2pp	48.6%+0.1pp	48.5%-0.1pp	48.6%-0.5pp	49.1%-0.5pp	49.6%-0.6pp	50.2%-0.8pp	51.0%
Operating Margin	5.6%-2.0pp	7.6%+3.5pp	4.2%+1.0pp	3.1%+0.1pp	3.0%+1.0pp	2.0%+0.8pp	1.1%+1.6pp	-0.4%
Net Margin	71.2%+64.8pp	6.4%+9.8pp	-3.3%-6.2pp	2.9%+1.0pp	1.8%+0.1pp	1.7%+2.7pp	-1.0%-0.1pp	-0.9%
Return on Equity	11.9%+10.7pp	1.2%+1.7pp	-0.6%-1.1pp	0.5%+0.2pp	0.3%0.0pp	0.3%+0.4pp	-0.2%0.0pp	-0.1%
Return on Assets	9.8%+8.9pp	0.9%+1.4pp	-0.5%-0.9pp	0.4%+0.1pp	0.2%0.0pp	0.2%+0.3pp	-0.1%0.0pp	-0.1%
Current Ratio	4.620.0x	4.66+0.6x	4.03-0.7x	4.68-0.2x	4.90+0.1x	4.78+0.6x	4.20-0.9x	5.06
Debt-to-Equity	0.110.0x	0.130.0x	0.130.0x	0.130.0x	0.120.0x	0.120.0x	0.120.0x	0.12

Not reported in any period shown, so not listed: FCF Margin.

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Where Twilio Inc Ranks

Frequently Asked Questions

What is Twilio Inc's annual revenue?

Twilio Inc (TWLO) reported $5.1B in total revenue for fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Twilio Inc's revenue growing?

Twilio Inc (TWLO) revenue grew by 13.7% year-over-year, from $4.5B to $5.1B in fiscal year 2025.

Is Twilio Inc profitable?

Yes, Twilio Inc (TWLO) reported a net income of $34.0M in fiscal year 2025, with a net profit margin of 0.7%.

What is Twilio Inc's EBITDA?

Twilio Inc (TWLO) had EBITDA of $353.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Twilio Inc have?

As of fiscal year 2025, Twilio Inc (TWLO) had $682.3M in cash and equivalents against $992.3M in long-term debt.

What is Twilio Inc's gross margin?

Twilio Inc (TWLO) had a gross margin of 48.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Twilio Inc's operating margin?

Twilio Inc (TWLO) had an operating margin of 3.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Twilio Inc's net profit margin?

Twilio Inc (TWLO) had a net profit margin of 0.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Twilio Inc's return on equity (ROE)?

Twilio Inc (TWLO) has a return on equity of 0.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Twilio Inc's operating cash flow?

Twilio Inc (TWLO) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Twilio Inc's total assets?

Twilio Inc (TWLO) had $9.8B in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Twilio Inc spend on research and development?

Twilio Inc (TWLO) invested $1.0B in research and development during fiscal year 2025.

Does Twilio Inc buy back shares?

Yes, Twilio Inc (TWLO) spent $868.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Twilio Inc have outstanding?

Twilio Inc (TWLO) had 152M shares outstanding as of fiscal year 2025.

What is Twilio Inc's current ratio?

Twilio Inc (TWLO) had a current ratio of 4.03 as of fiscal year 2025, which is generally considered healthy.

What is Twilio Inc's debt-to-equity ratio?

Twilio Inc (TWLO) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Twilio Inc's return on assets (ROA)?

Twilio Inc (TWLO) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Twilio Inc's Altman Z-Score?

Twilio Inc (TWLO) has an Altman Z-Score of 10.95, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Twilio Inc's Piotroski F-Score?

Twilio Inc (TWLO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Twilio Inc's earnings high quality?

Twilio Inc (TWLO) reported $34.0M of net income while generating $1.0B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Twilio Inc?

Twilio Inc (TWLO) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.