Twilio (TWLO) Gross Margin (2015 - 2026)
Twilio (TWLO) posted Gross Margin of 48.63% for Q1 2026, little changed sequentially from 48.49% in Q4 2025, and down 97.0% YoY from 1621.15% in Q1 2025.
Twilio (TWLO) Gross Margin (2015 - 2026) Analysis & Trends
Twilio has reported Gross Margin for 12 years, with the latest figure at 48.63% in Q1 2026.
- Quarterly Gross Margin fell 97.0% year-over-year to 48.63% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 48.69% (down 183.0% YoY) and the FY2022 annual result came in at 47.4%, down 154.0% from the prior year.
- Gross Margin steadied at 48.63% in Q1 2026 per TWLO's latest filing, from 48.49% in the prior quarter.
- Over five years, Gross Margin peaked at 51.96% in Q1 2024 and troughed at 47.01% in Q3 2022.
- A 5-year average of 49.28% and a median of 48.75% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 321 bps in 2024, then sank 244 bps in 2025.
- Over 5 years, Gross Margin stood at 47.01% in 2022, then rose by 6 bps to 49.95% in 2023, then advanced by 0 bps to 50.19% in 2024, then decreased by 3 bps to 48.49% in 2025, then gained by 0 bps to 48.63% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 48.63%, 48.49%, and 48.61% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Twilio | 35.44 Bn | 32.79 Bn | 725.87 Mn | 48.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| 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% |
| Sep 30, 2021 | 49.26% |
| Jun 30, 2021 | 49.52% |
| Mar 31, 2021 | 50.56% |
| Dec 31, 2020 | 51.47% |