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Twilio (TWLO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Twilio (TWLO) Q3 2026 earnings results →
Q3 2026 Revenue up 20% year over year to $1.6B · 10¢ of every $1 of revenue kept as net profit · operating margin 9.5%
Twilio made $1.6B in Q3 2026 (+20% Y/Y). Operating margin 9.5%, net earnings $161M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.6B in Q3 2026, up 20% year over year and up 4% from the previous quarter.
Gross margin was 48.8%, up 0.2 points from Q3 2025. Operating profit was $0.15B, a 9.5% margin (up 6.4 points year over year). Of the extra revenue versus Q3 2025, 42% reached operating profit, above the 3% margin then. Operating expenses grew 4% against revenue growth of 20%. Net earnings were $0.16B, up 333% year over year. The effective tax rate was -15.8%.
Operating cash flow was $0.39B (up 48% year over year), 241% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.15B of share-based compensation. Working capital and other items added $0.05B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $1.6B | +20% | 9.5% | $161M | $389M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $1.5B | +22% | 5.6% | $1.1B | $372M |
| Q1 2026 | 10-Q | May 1, 2026 | $1.4B | +20% | 7.7% | $90.1M | $153M |
| Q4 2025 | 10-K | Feb 24, 2026 | $1.4B | +14% | 4.2% | −$45.9M | $272M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $1.3B | +15% | 3.1% | $37.2M | $264M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $1.2B | +14% | 3.0% | $22.4M | $277M |
| Q1 2025 | 10-Q | May 2, 2025 | $1.2B | +12% | 2.0% | $20.0M | $191M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Twilio
We envision a world in which every digital interaction is amazing. By combining our leading communications capabilities with rich contextual data and artificial intelligence (“AI”), we provide the infrastructure for businesses of all sizes to revolutionize how they engage with their customers by delivering seamless, trusted, and personalized customer experiences at scale. We offer highly customizable communications application programming interfaces (“APIs”) that enable developers to embed numerous forms of messaging, voice, email, and video interactions into their customer-facing applications, as well as software products that target specific engagement needs, including our digital engagement centers, marketing campaigns, and user authentication and identity solutions.
In its own words, from its 10-K, filed Feb 24, 2026.
Twilio against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +19%. Operating margin: 9.5% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TWLO Twilio | Q3 2026 | $1.6B | +20% | 9.5% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Twilio 10-Q on SEC EDGAR · CIK 1447669 · Services-Prepackaged Software
Guidance and outlook
13F: who owns TWLO and who is buying
More on TWLO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results