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Twilio vs CrowdStrike Holdings: TWLO and CRWD compared
Twilio is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.5B for CrowdStrike Holdings (Q2 FY27). CrowdStrike Holdings is growing faster (+26% against +20% a year earlier). Twilio is more profitable, with an operating margin of 9.5% against -2.3%.
Where the money goes: TWLO and CRWD
Twilio (TWLO) · Q3 2026
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.
CrowdStrike Holdings (CRWD) · Q2 FY27
CrowdStrike Holdings, Q2 FY27: revenue $1.5B (+26% year over year), operating margin -2.3%, net earnings $5.3M, operating cash flow $530M. The chart follows the revenue to costs, profit and cash.
| Twilio (TWLO) | CrowdStrike Holdings (CRWD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $1.6B | $1.5B |
| Revenue growth, Y/Y | +20% | +26% |
| Gross margin | 48.8% | — |
| Operating margin | 9.5% | -2.3% |
| Net earnings | $161M | $5.3M |
| Net margin | 10.3% | 0.4% |
| Operating cash flow | $389M | $530M |
| Free cash flow | — | $406M |
| Market value | $32.7B | $228.7B |
| P/E | 25.3× | — |
| Analysts’ mean target | $267.75 | $249.68 |
Where the revenue comes from
CrowdStrike Holdings
- Subscription: $1.4B (95%)
- Professional services: $70.6M (5%)
Questions
Which is bigger, Twilio or CrowdStrike Holdings?
Twilio is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.5B for CrowdStrike Holdings (Q2 FY27).
Is Twilio or CrowdStrike Holdings growing faster?
CrowdStrike Holdings is growing faster (+26% against +20% a year earlier).
Which is more profitable, Twilio or CrowdStrike Holdings?
Twilio is more profitable, with an operating margin of 9.5% against -2.3%.
More: Twilio earnings · how Twilio makes money · CrowdStrike Holdings earnings · how CrowdStrike Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.