Filing Flows › Twilio (TWLO) › Q2 2026 › vs Q1 2026
Twilio (TWLO) Q2 2026 vs Q1 2026 (quarter over quarter)
Twilio's revenue rose $92.2M (+7%) from $1.4B in Q1 2026 to $1.5B in Q2 2026. Gross margin 48.4% against 48.6% (-0.2 pts).
Twilio, Q2 2026: revenue $1.5B (+22% year over year), operating margin 5.6%, net earnings $1.1B, operating cash flow $372M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 48.4% | 48.6% | -0.2 pts |
| Operating margin | 5.6% | 7.7% | -2.0 pts |
| Net margin | 71.2% | 6.4% | +64.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $92.2M | +7% |
| Gross profit | $726M | $684M | $41.6M | +6% |
| Cost of revenue | $773M | $723M | $50.6M | +7% |
| Operating profit | $84.5M | $108M | −$23.1M | -21% |
| Operating expenses | $641M | $577M | $64.7M | +11% |
| Pre-tax earnings | $75.5M | $102M | −$26.7M | -26% |
| Other expense, net | $9.0M | $5.4M | $3.6M | +66% |
| Research & development | $273M | $262M | $11.2M | +4% |
| Sales & marketing | $217M | $212M | $4.9M | +2% |
| General & admin | $118M | $103M | $15.9M | +15% |
| Income tax benefit | $992M | −$12.1M | $1.0B | — |
| Net earnings | $1.1B | $90.1M | $977M | 12× |
| Depreciation & amortization | $29.5M | $34.2M | −$4.6M | -14% |
| Share-based compensation | $142M | $137M | $5.4M | +4% |
| Working capital & other | $866M | $108M | $759M | +705% |
| Operating cash flow | $372M | $153M | $219M | +143% |
Questions
How much did Twilio's revenue grow quarter over quarter in Q2 2026?
Twilio's revenue rose $92.2M (+7%) from $1.4B in Q1 2026 to $1.5B in Q2 2026. Gross margin 48.4% against 48.6% (-0.2 pts).