Twilio (TWLO) Operating Expenses (2015 - 2026)
Twilio (TWLO) recorded Operating Expenses of $641.32 million in Q2 2026, up 13.4% from $565.75 million a year earlier and up 11.2% from the prior quarter.
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Analysis
Twilio (TWLO) Operating Expenses (2015 - 2026) Analysis & Trends
On a TTM basis, Twilio's Operating Expenses came in at $575.15 million as of Jun 30, 2026, down 72.2% year-over-year; for FY2025, it was $481.49 million, up 1.6% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of -19.3% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $474.08 million in FY2024 (+10.2%), $430.14 million in FY2023, $3.02 billion in FY2022 (+30.9%) and $2.31 billion in FY2021 (+63.7%).
- The Q2 2026 figure is the highest quarterly Operating Expenses since Q2 2023.
- On a year-over-year basis, Operating Expenses rose in three of the last seven quarters, with growth averaging 0.3%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 74.0% in Q3 2021, against a decline of 40.7% in Q4 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 3.64 Bn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 1.32 Bn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 641.32 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 1.27 Bn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 671.18 Mn |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | 426.90 Mn |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 341.70 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 765.06 Mn |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 422.02 Mn |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 691.79 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 | 368.07 Mn |
| Sep 30, 2023 | 625.22 Mn |
| Jun 30, 2023 | 647.58 Mn |
| Mar 31, 2023 | 754.77 Mn |
| Dec 31, 2022 | 403.37 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 |
API Access
Twilio Operating Expenses 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=operating-expenses&ticker=TWLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=TWLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();