Filing Flows › Twilio (TWLO) › Q3 2026 › vs Q2 2026
Twilio (TWLO) Q3 2026 vs Q2 2026 (quarter over quarter)
Twilio's revenue rose $60.4M (+4%) from $1.5B in Q2 2026 to $1.6B in Q3 2026. Gross margin 48.8% against 48.4% (+0.3 pts).
Twilio, Q3 2026: revenue $1.6B (+20% year over year), operating margin 9.5%, net earnings $161M, operating cash flow $389M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 48.8% | 48.4% | +0.3 pts |
| Operating margin | 9.5% | 5.6% | +3.9 pts |
| Net margin | 10.3% | 71.2% | -60.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $60.4M | +4% |
| Gross profit | $761M | $726M | $34.7M | +5% |
| Cost of revenue | $799M | $773M | $25.8M | +3% |
| Operating profit | $149M | $84.5M | $64.1M | +76% |
| Operating expenses | $612M | $641M | −$29.4M | -5% |
| Pre-tax earnings | $139M | $75.5M | $63.6M | +84% |
| Other expense, net | $9.5M | $9.0M | $481K | +5% |
| Research & development | $280M | $273M | $7.0M | +3% |
| Sales & marketing | $217M | $217M | −$156K | -0.1% |
| General & admin | $115M | $118M | −$3.5M | -3% |
| Income tax benefit | $22.0M | $992M | −$970M | -98% |
| Net earnings | $161M | $1.1B | −$906M | -85% |
| Depreciation & amortization | $27.7M | $29.5M | −$1.8M | -6% |
| Share-based compensation | $154M | $142M | $12.0M | +8% |
| Working capital & other | $46.4M | −$866M | $913M | — |
| Operating cash flow | $389M | $372M | $16.8M | +5% |
Questions
How much did Twilio's revenue grow quarter over quarter in Q3 2026?
Twilio's revenue rose $60.4M (+4%) from $1.5B in Q2 2026 to $1.6B in Q3 2026. Gross margin 48.8% against 48.4% (+0.3 pts).