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How Twilio (TWLO) makes money
Twilio (TWLO) made $1.6B of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Of every dollar of revenue, 49¢ was left as gross profit, 10¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.6B | 100.0% |
| Cost of revenue | $799M | 51.2% |
| Gross profit | $761M | 48.8% |
| Operating expenses | $612M | 39.2% |
| Operating profit | $149M | 9.5% |
| Net earnings | $161M | 10.3% |
| Operating cash flow | $389M | 25.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.6B | +20% |
| Q2 2026 | $1.5B | +22% |
| Q1 2026 | $1.4B | +20% |
| Q4 2025 | $1.4B | +14% |
| Q3 2025 | $1.3B | +15% |
| Q2 2025 | $1.2B | +14% |
| Q1 2025 | $1.2B | +12% |
From Twilio's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Twilio make money?
Twilio (TWLO) made $1.6B of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Of every dollar of revenue, 49¢ was left as gross profit, 10¢ was left as operating profit, 10¢ was left as net earnings.
What is Twilio's profit margin?
Net earnings were $161M, 10.3% of revenue, in the third quarter 2026; the operating margin was 9.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.