Twilio (TWLO) Invested Capital (2018 - 2026)
Twilio's Invested Capital was $9.97 billion in Q2 2026, up 10.4% from $9.04 billion a year earlier and up 13.6% from the prior quarter.
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Analysis
Twilio (TWLO) Invested Capital (2018 - 2026) Analysis & Trends
For FY2025, Invested Capital at Twilio came in at $8.81 billion, down 1.5% from FY2024.
- Invested Capital has now declined for four consecutive years, though with a five-year compound annual growth rate of 0.1% (FY2020 to FY2025).
- In earlier years, Invested Capital was $8.94 billion in FY2024 (-16.6%), $10.72 billion in FY2023 (-7.1%), $11.55 billion in FY2022 (-3.9%) and $12.02 billion in FY2021 (+37.3%).
- The Q2 2026 figure marks the highest quarterly Invested Capital since Q1 2024.
- Compared with a year earlier, Invested Capital was higher in 1 of the last eight quarters, with an average decline of 6.3%.
- The best year-over-year quarter for Invested Capital over five years was Q4 2021 (growth of 37.3%); the worst was Q4 2024 (a decline of 16.6%).
- Per Business Quant data, TWLO's Invested Capital in the three quarters before Q2 2026 was $8.78 billion (Q1 2026), $8.81 billion (Q4 2025) and $8.89 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 95.04 Bn | 70.29 Bn | 6.00 Bn | 16.53 Bn |
| 2 | Autodesk | 55.26 Bn | 43.30 Bn | 1.87 Bn | 6.36 Bn |
| 3 | Atlassian | 37.81 Bn | 32.74 Bn | 1.51 Bn | 1.90 Bn |
| 4 | Twilio | 32.70 Bn | 22.33 Bn | 760.53 Mn | 10.19 Bn |
| 5 | Zoom Communications | 29.17 Bn | -1.56 Bn | 985.50 Mn | - |
| 6 | Figma | 10.36 Bn | 3.67 Bn | 314.44 Mn | - |
| 7 | Dropbox | 7.27 Bn | 2.69 Bn | 513.70 Mn | 420.00 Mn |
| 8 | RingCentral | 6.37 Bn | 5.90 Bn | 494.30 Mn | 998.19 Mn |
| 9 | Open Text | 6.00 Bn | 1.54 Bn | 905.53 Mn | 9.88 Bn |
| 10 | Box | 5.99 Bn | 4.88 Bn | 253.97 Mn | 101.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.19 Bn |
| Jun 30, 2026 | 10.00 Bn |
| Mar 31, 2026 | 8.81 Bn |
| Dec 31, 2025 | 8.85 Bn |
| Sep 30, 2025 | 8.92 Bn |
| Jun 30, 2025 | 9.07 Bn |
| Mar 31, 2025 | 9.03 Bn |
| Dec 31, 2024 | 8.98 Bn |
| Sep 30, 2024 | 9.26 Bn |
| Jun 30, 2024 | 9.71 Bn |
| Mar 31, 2024 | 10.48 Bn |
| Dec 31, 2023 | 10.77 Bn |
| Sep 30, 2023 | 11.02 Bn |
| Jun 30, 2023 | 11.02 Bn |
| Mar 31, 2023 | 11.36 Bn |
| Dec 31, 2022 | 11.60 Bn |
| Sep 30, 2022 | 11.57 Bn |
| Jun 30, 2022 | 11.88 Bn |
| Mar 31, 2022 | 11.96 Bn |
| Dec 31, 2021 | 12.07 Bn |
API Access
Twilio Invested Capital 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=invested-capital&ticker=TWLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TWLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();