Filing Flows › Twilio (TWLO) › Q3 2026 › vs Q3 2025
Twilio (TWLO) Q3 2026 vs Q3 2025 (year over year)
Twilio's revenue rose $259M (+20%) from $1.3B in Q3 2025 to $1.6B in Q3 2026. Gross margin 48.8% against 48.6% (+0.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 48.8% | 48.6% | +0.2 pts |
| Operating margin | 9.5% | 3.1% | +6.4 pts |
| Net margin | 10.3% | 2.9% | +7.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.3B | $259M | +20% |
| Gross profit | $761M | $632M | $128M | +20% |
| Cost of revenue | $799M | $668M | $131M | +20% |
| Operating profit | $149M | $40.9M | $108M | +263% |
| Operating expenses | $612M | $591M | $20.8M | +4% |
| Pre-tax earnings | $139M | $32.7M | $106M | +326% |
| Other expense, net | $9.5M | $8.3M | $1.2M | +15% |
| Research & development | $280M | $262M | $18.1M | +7% |
| Sales & marketing | $217M | $221M | −$4.0M | -2% |
| General & admin | $115M | $108M | $6.7M | +6% |
| Income tax benefit | $22.0M | $4.6M | $17.5M | +383% |
| Net earnings | $161M | $37.2M | $124M | +333% |
| Depreciation & amortization | $27.7M | $48.5M | −$20.8M | -43% |
| Share-based compensation | $154M | $158M | −$4.3M | -3% |
| Working capital & other | $46.4M | $19.6M | $26.7M | +136% |
| Operating cash flow | $389M | $264M | $126M | +48% |
Questions
How much did Twilio's revenue grow year over year in Q3 2026?
Twilio's revenue rose $259M (+20%) from $1.3B in Q3 2025 to $1.6B in Q3 2026. Gross margin 48.8% against 48.6% (+0.2 pts).