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
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% |