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Twilio (TWLO) operating margin by quarter

Twilio's operating margin was 9.5% in Q3 2026 (third quarter 2026), +3.9 pts from Q2 2026. Over the last 6 quarters it ranged from 2.0% (Q1 2025) to 9.5% (Q3 2026).

Twilio operating margin by quarterTwilio operating margin by quarter2.0%Q1 20253.0%Q2 20253.1%Q3 20257.7%Q1 20265.6%Q2 20269.5%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20269.5%+3.9 pts+6.4 pts
Q2 20265.6%-2.0 pts+2.6 pts
Q1 20267.7%+4.5 pts+5.7 pts
Q3 20253.1%+0.1 pts—
Q2 20253.0%+1.0 pts—
Q1 20252.0%——

Q3 2026 at a glance

Twilio, Q3 2026: revenue $1.6B (+20% year over year), operating margin 9.5%, net earnings $161M, operating cash flow $389M. The chart follows the revenue to costs, profit and cash.

Questions

What is Twilio's operating margin?

Twilio's operating margin was 9.5% in Q3 2026 (third quarter 2026), +3.9 pts from Q2 2026.

How has Twilio's operating margin changed?

Over the last 6 quarters it ranged from 2.0% (Q1 2025) to 9.5% (Q3 2026).

Q3 2026 results → · How Twilio makes money →