Twilio TWLO
NYSE TWLO
$225.80 -7.18 (-3.08%)
As of: Sep 8, 2026 · 3:59 PM EDT

Twilio (TWLO) Gross Margin (2015 - 2026)

Twilio's (TWLO) quarterly Gross Margin came in at 48.42% in Q2 2026, down 65.0% year-over-year from 138.34% in Q2 2025, and little changed quarter-over-quarter from 48.63% in Q1 2026.

Analysis

Twilio (TWLO) Gross Margin (2015 - 2026) Analysis & Trends

Twilio has disclosed Gross Margin across 12 years of filings, most recently posting 48.42% for Q2 2026.

  • In Q2 2026, Gross Margin fell 65.0% year-over-year to 48.42%; the TTM figure through Jun 2026 stood at 203.32% (up 15215.0% YoY), while the FY2022 annual figure was 47.4%, down 154.0% from the prior year.
  • Gross Margin came in at 48.42% for Q2 2026 at Twilio, roughly flat from 48.63% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 51.96% in Q1 2024 to a low of 47.01% in Q3 2022.
  • Average Gross Margin over 5 years is 49.21%, with a median of 48.74% recorded in 2023.
  • Year-over-year, Gross Margin soared 321 bps in 2024 and plunged 244 bps in 2025.
  • Over 5 years, Gross Margin stood at 47.01% in 2022, then grew by 6 bps to 49.95% in 2023, then grew by 2 bps to 51.04% in 2024, then declined by 5 bps to 48.61% in 2025, then fell by 0 bps to 48.42% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 48.42% in Q2 2026, 48.63% in Q1 2026, and 48.61% in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Twilio 34.41 Bn 31.76 Bn 725.87 Mn 48.42%
2 Zoom Communications 28.30 Bn 21.05 Bn 985.50 Mn 77.16%
3 Nice 6.33 Bn 5.97 Bn 995.81 Mn 64.21%
4 RingCentral 5.92 Bn 5.81 Bn 472.31 Mn 71.89%
5 Five9 2.35 Bn 1.70 Bn 166.74 Mn 53.37%
6 Bandwidth 1.40 Bn 1.23 Bn 78.54 Mn 35.72%
7 Consensus Cloud Solutions 666.02 Mn 567.11 Mn 73.07 Mn 79.98%
8 Ooma 629.68 Mn 612.15 Mn 50.99 Mn 61.26%
9 Agora 376.18 Mn 300.33 Mn 25.74 Mn 63.67%
10 8X8 256.05 Mn 161.09 Mn - -
Historic Data

Historic Data

Download Data
DateValue
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%