Twilio (TWLO) Operating Expenses (2015 - 2026)
Twilio's (TWLO) quarterly Operating Expenses came in at $641.3 million in Q2 2026, up 13.36% year-over-year from $565.8 million in Q2 2025, and up 11.23% quarter-over-quarter from $576.6 million in Q1 2026.
Analysis
Twilio (TWLO) Operating Expenses (2015 - 2026) Analysis & Trends
Twilio has disclosed Operating Expenses across 12 years of filings, most recently posting $641.3 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 13.36% year-over-year to $641.3 million; the TTM figure through Jun 2026 stood at $575.1 million (down 72.18% YoY), while the FY2025 annual figure was $481.5 million, up 1.56% from the prior year.
- Operating Expenses came in at $641.3 million for Q2 2026 at Twilio, up from $576.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $919.1 million in Q3 2022 to a low of -$1.2 billion in Q4 2025.
- Average Operating Expenses over 5 years is $497.1 million, with a median of $585.5 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 53.96% in 2022 against a maximum downside of 37.43% in 2022.
- Over 5 years, Operating Expenses stood at $425.6 million in 2022, then decreased by 12.83% to $371.0 million in 2023, then decreased by 3.05% to $359.7 million in 2024, then sank by 443.02% to -$1.2 billion in 2025, then soared by 151.98% to $641.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $641.3 million in Q2 2026, $576.6 million in Q1 2026, and -$1.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 34.41 Bn | 31.76 Bn | 725.87 Mn | 641.32 Mn |
| 2 | Zoom Communications | 28.30 Bn | 21.05 Bn | 985.50 Mn | 671.18 Mn |
| 3 | Nice | 6.33 Bn | 5.97 Bn | 995.81 Mn | 765.06 Mn |
| 4 | RingCentral | 5.92 Bn | 5.81 Bn | 472.31 Mn | 422.02 Mn |
| 5 | Five9 | 2.35 Bn | 1.70 Bn | 166.74 Mn | 164.77 Mn |
| 6 | Bandwidth | 1.40 Bn | 1.23 Bn | 78.54 Mn | 83.10 Mn |
| 7 | Consensus Cloud Solutions | 666.02 Mn | 567.11 Mn | 73.07 Mn | 36.24 Mn |
| 8 | Ooma | 629.68 Mn | 612.15 Mn | 50.99 Mn | 47.00 Mn |
| 9 | Agora | 376.18 Mn | 300.33 Mn | 25.74 Mn | 27.28 Mn |
| 10 | 8X8 | 256.05 Mn | 161.09 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 641.32 Mn |
| Mar 31, 2026 | 576.58 Mn |
| Nov 30, 2025 | -1.23 Bn |
| Sep 30, 2025 | 591.13 Mn |
| Jun 30, 2025 | 565.75 Mn |
| Mar 31, 2025 | 558.49 Mn |
| Dec 31, 2024 | 359.71 Mn |
| Sep 30, 2024 | 583.52 Mn |
| Jun 30, 2024 | 574.88 Mn |
| Mar 31, 2024 | 587.55 Mn |
| Dec 31, 2023 | 371.02 Mn |
| Sep 30, 2023 | 625.22 Mn |
| Jun 30, 2023 | 647.58 Mn |
| Mar 31, 2023 | 754.77 Mn |
| Dec 31, 2022 | 425.62 Mn |
| Sep 30, 2022 | 919.07 Mn |
| Jun 30, 2022 | 757.23 Mn |
| Mar 31, 2022 | 642.88 Mn |
| Dec 31, 2021 | 680.17 Mn |
| Sep 30, 2021 | 596.96 Mn |