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 203.32%, up 152.15 percentage points year-over-year; for FY2022, it came in at 47.40%, down 1.54 percentage points from FY2021.
- Gross Margin has declined in each of the last six years, with a five-year change of -6.77 percentage points (FY2017 to FY2022).
- Going back by year, Gross Margin was 48.94% in FY2021 (-3.04 pp), 51.97% in FY2020 (-1.70 pp), 53.67% in FY2019 (-0.05 pp) and 53.72% in FY2018 (-0.44 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin since Q3 2022.
- Year-over-year, Gross Margin increased in 1 of the last six quarters, with an average year-over-year change of -1.27 percentage points.
- 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).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 88.71% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 86.50% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 48.42% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 91.40% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 77.16% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | 83.66% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 80.21% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 64.21% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 71.89% |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 74.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.42% |
| Mar 31, 2026 | 48.63% |
| Sep 30, 2025 | 48.61% |
| Jun 30, 2025 | 49.07% |
| Mar 31, 2025 | 49.60% |
| Sep 30, 2024 | 51.04% |
| Jun 30, 2024 | 51.35% |
| Mar 31, 2024 | 51.96% |
| Sep 30, 2023 | 49.95% |
| Jun 30, 2023 | 48.74% |
| Mar 31, 2023 | 48.75% |
| Sep 30, 2022 | 47.01% |
| Jun 30, 2022 | 47.20% |
| Mar 31, 2022 | 48.56% |
| Dec 31, 2021 | 47.05% |
| Sep 30, 2021 | 49.26% |
| Jun 30, 2021 | 49.52% |
| Mar 31, 2021 | 50.56% |
| Dec 31, 2020 | 51.47% |
| Sep 30, 2020 | 51.54% |
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();