Twilio (TWLO) Gross Margin (2015 - 2026)
Twilio's Gross Margin came in at 48.42% for Q2 2026, down 0.65 percentage points from 49.07% a year earlier and down 0.21 percentage points from the prior quarter.
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Analysis
Twilio (TWLO) Gross Margin (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Twilio reported Gross Margin of 48.54%, down 1.42 percentage points year-over-year; for FY2025, it came in at 48.92%, down 2.19 percentage points from FY2024.
- Gross Margin carries a five-year change of -3.06 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 51.10% in FY2024 (+1.90 pp), 49.20% in FY2023 (+1.81 pp), 47.40% in FY2022 (-1.54 pp) and 48.94% in FY2021 (-3.04 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin since Q4 2022.
- Year-over-year, Gross Margin has declined for six consecutive quarters, with an average year-over-year change of -1.06 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2024 (a gain of 3.21 percentage points), and the weakest in Q4 2021 (a drop of 4.42 percentage points).
- Business Quant data shows TWLO's Gross Margin at 48.63% (Q1 2026), 48.49% (Q4 2025) and 48.61% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 93.84 Bn | 69.09 Bn | 6.00 Bn | 88.71% |
| 2 | Autodesk | 55.44 Bn | 43.47 Bn | 1.87 Bn | 91.40% |
| 3 | Atlassian | 40.30 Bn | 33.58 Bn | 1.53 Bn | 86.50% |
| 4 | Twilio | 31.65 Bn | 21.29 Bn | 760.53 Mn | 48.77% |
| 5 | Zoom Communications | 27.00 Bn | -3.73 Bn | 985.50 Mn | 77.16% |
| 6 | Figma | 10.35 Bn | 3.67 Bn | 314.44 Mn | 80.33% |
| 7 | Dropbox | 7.32 Bn | 2.95 Bn | 506.50 Mn | 80.21% |
| 8 | Open Text | 6.19 Bn | 1.62 Bn | 1.01 Bn | 74.98% |
| 9 | RingCentral | 6.11 Bn | 5.64 Bn | 494.30 Mn | 73.12% |
| 10 | Nice | 6.03 Bn | 4.61 Bn | 1.49 Bn | 63.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 48.77% |
| Jun 30, 2026 | 48.42% |
| Mar 31, 2026 | 48.63% |
| Dec 31, 2025 | 48.49% |
| Sep 30, 2025 | 48.61% |
| Jun 30, 2025 | 49.07% |
| Mar 31, 2025 | 49.60% |
| Dec 31, 2024 | 50.19% |
| Sep 30, 2024 | 51.04% |
| Jun 30, 2024 | 51.35% |
| Mar 31, 2024 | 51.96% |
| Dec 31, 2023 | 49.37% |
| Sep 30, 2023 | 49.95% |
| Jun 30, 2023 | 48.74% |
| Mar 31, 2023 | 48.75% |
| Dec 31, 2022 | 46.96% |
| Sep 30, 2022 | 47.01% |
| Jun 30, 2022 | 47.20% |
| Mar 31, 2022 | 48.56% |
| Dec 31, 2021 | 47.05% |
API Access
Twilio Gross Margin 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=gross-margin&ticker=TWLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=TWLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();