Twilio (TWLO) Cost of Revenue (2015 - 2026)
Twilio (TWLO) recorded Cost of Revenue of $799.01 million in Q3 2026, up 19.6% from $668.33 million a year earlier and up 3.3% from the prior quarter.
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Twilio (TWLO) Cost of Revenue (2015 - 2026) Analysis & Trends
On a TTM basis, Twilio's Cost of Revenue came in at $3 billion as of Sep 30, 2026, up 20.9% year-over-year; for FY2025, it came in at $2.59 billion, up 18.7% from FY2024.
- Annual Cost of Revenue has increased for 11 straight years, with a five-year compound annual growth rate of 25.1% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $2.18 billion in FY2024 (+3.3%), $2.11 billion in FY2023 (+4.8%), $2.01 billion in FY2022 (+38.7%) and $1.45 billion in FY2021 (+71.5%).
- The Q3 2026 figure is the highest quarterly Cost of Revenue in data going back to Q2 2015.
- On a year-over-year basis, Cost of Revenue has increased for nine consecutive quarters, with growth averaging 18.7% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 67.8% in Q4 2021, against a decline of 2.5% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $773.22 million (Q2 2026), $722.66 million (Q1 2026) and $703.58 million (Q4 2025).
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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_KEYimport 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();