Twilio (TWLO) Cost of Revenue (2015 - 2026)
Twilio (TWLO) recorded Cost of Revenue of $773.22 million in Q2 2026, up 23.6% from $625.69 million a year earlier and up 7.0% from the prior quarter.
Twilio (TWLO) Cost of Revenue (2015 - 2026) Analysis & Trends
On a TTM basis, Twilio's Cost of Revenue came in at $2.79 billion as of Jun 30, 2026, up 17.9% year-over-year; for FY2022, it came in at $2.01 billion, up 38.7% from FY2021.
- Annual Cost of Revenue has increased for eight straight years, with a five-year compound annual growth rate of 61.6% (FY2017 to FY2022).
- Across earlier years, Cost of Revenue came in at $1.45 billion in FY2021 (+71.5%), $846.12 million in FY2020 (+61.0%), $525.55 million in FY2019 (+74.7%) and $300.84 million in FY2018 (+64.5%).
- The Q2 2026 figure is the highest quarterly Cost of Revenue in data going back to Q2 2015.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 73.0% in Q3 2021, against a decline of 2.5% in Q1 2024 at the low end.
Peer Comparison
Twilio Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TWLO&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TWLO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TWLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();