Twilio Inc income statement
In fiscal 2025, Twilio Inc reported revenue of $5.07bn, up 13.7% on the year before, operating income of $158m (a 3.1% margin) and net income of $33.8m, or $0.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 89 | 167 | 277 | 399 | 650 | 1,134 | 1,762 | 2,842 | 3,826 | 4,154 | 4,458 | 5,067 | 5,831 |
| Cost of revenue | 41 | 74 | 121 | 183 | 301 | 526 | 846 | 1,451 | 2,013 | 2,110 | 2,180 | 2,588 | 2,998 |
| Gross profit | 47 | 92 | 157 | 216 | 349 | 609 | 916 | 1,391 | 1,814 | 2,044 | 2,278 | 2,479 | 2,833 |
| Research and development | 22 | 43 | 78 | 121 | 171 | 391 | 531 | 789 | 1,079 | 943 | 1,009 | 1,020 | 1,076 |
| Selling and marketing | 33 | 49 | 65 | 101 | 176 | 369 | 567 | 1,045 | 1,248 | 1,023 | 861 | 873 | 865 |
| General and administrative | 19 | 36 | 51 | 61 | 118 | 218 | 311 | 472 | 517 | 468 | 449 | 411 | 445 |
| Operating income | −27 | −35 | −41 | −66 | −115 | −370 | −493 | −916 | −1,205 | −877 | −54 | 158 | 398 |
| Income before tax | −27 | −35 | −41 | −63 | −121 | −362 | −504 | −961 | −1,244 | −997 | −89 | 55 | 279 |
| Income tax | 0 | 0 | 0 | 1 | 1 | −55 | −13 | −11 | 13 | 19 | 21 | 21 | −994 |
| Net income | −27 | −36 | −41 | −64 | −122 | −307 | −491 | −950 | −1,256 | −1,015 | −109 | 34 | 1,273 |
| Diluted EPS | −$0.53 | −$0.73 | −$0.78 | −$0.70 | −$1.26 | −$2.36 | −$3.35 | −$5.45 | −$6.86 | −$5.54 | −$0.66 | $0.21 | $7.98 |
| Diluted shares (average) | 51m | 53m | 53m | 91m | 97m | 130m | 147m | 174m | 183m | 183m | 166m | 160m | 159m |
| EBITDA | −25 | −31 | −33 | −47 | −89 | −259 | −343 | −657 | −926 | −592 | 152 | 353 | 515 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,195 | 1,172 | 1,228 | 1,300 | 1,366 | 1,407 | 1,499 | 1,560 |
| Cost of revenue | 595 | 591 | 626 | 668 | 704 | 723 | 773 | 799 |
| Gross profit | 600 | 582 | 603 | 632 | 662 | 684 | 726 | 761 |
| Research and development | 244 | 254 | 243 | 262 | 260 | 262 | 273 | 280 |
| Selling and marketing | 213 | 212 | 221 | 221 | 220 | 212 | 217 | 217 |
| General and administrative | 116 | 92 | 102 | 108 | 109 | 103 | 118 | 115 |
| Operating income | 14 | 23 | 37 | 41 | 57 | 108 | 85 | 149 |
| Income before tax | −14 | 27 | 34 | 33 | −38 | 102 | 76 | 139 |
| Income tax | −1 | 7 | 11 | −5 | 8 | 12 | −992 | −22 |
| Net income | −12 | 20 | 22 | 37 | −46 | 90 | 1,067 | 161 |
| Diluted EPS | −$0.09 | $0.12 | $0.14 | $0.23 | −$0.29 | $0.57 | $6.68 | $1.00 |
| EBITDA | 64 | 73 | 59 | 62 | 104 | 142 | 102 | 167 |
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