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Twilio vs Snowflake: TWLO and SNOW compared
Twilio is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.5B for Snowflake (Q2 FY27). Snowflake is growing faster (+35% against +20% a year earlier). Twilio is more profitable, with an operating margin of 9.5% against -17.0%.
Where the money goes: TWLO and SNOW
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.
Snowflake (SNOW) · Q2 FY27
Snowflake, Q2 FY27: revenue $1.5B (+35% year over year), operating margin -17.0%, net loss $192M, operating cash flow $91.4M. The chart follows the revenue to costs, profit and cash.
| Twilio (TWLO) | Snowflake (SNOW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $1.6B | $1.5B |
| Revenue growth, Y/Y | +20% | +35% |
| Gross margin | 48.8% | — |
| Operating margin | 9.5% | -17.0% |
| Net earnings | $161M | −$192M |
| Net margin | 10.3% | -12.4% |
| Operating cash flow | $389M | $91.4M |
| Free cash flow | — | $83.8M |
| Market value | $32.7B | $96.4B |
| P/E | 25.3× | — |
| Analysts’ mean target | $267.75 | $426.50 |
Where the revenue comes from
Snowflake
- Product revenue: $1.5B (96%)
- Professional services and other revenue: $54.9M (4%)
Questions
Which is bigger, Twilio or Snowflake?
Twilio is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.5B for Snowflake (Q2 FY27).
Is Twilio or Snowflake growing faster?
Snowflake is growing faster (+35% against +20% a year earlier).
Which is more profitable, Twilio or Snowflake?
Twilio is more profitable, with an operating margin of 9.5% against -17.0%.
More: Twilio earnings · how Twilio makes money · Snowflake earnings · how Snowflake makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Sep 4, 2026). Fiscal quarters can end on different dates. Not investment advice.