Twilio (TWLO) Operating Margin (2015 - 2026)
Twilio's Operating Margin was 5.64% in Q2 2026, up 2.63 percentage points from 3.01% a year earlier but down 2.01 percentage points from the prior quarter.
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Analysis
Twilio (TWLO) Operating Margin (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Twilio's Operating Margin was 5.20% through Jun 30, 2026, up 3.75 percentage points year-over-year; for FY2025, it was 3.11%, up 4.32 percentage points from FY2024.
- Operating Margin has now increased for four consecutive years, with a five-year change of +31.09 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was -1.20% in FY2024 (+19.90 pp), -21.10% in FY2023 (+10.40 pp), -31.50% in FY2022 (+0.72 pp) and -32.22% in FY2021 (-4.24 pp).
- Quarterly Operating Margin has moved between -46.49% (Q3 2022) and 7.65% (Q1 2026) over five years.
- Compared with a year earlier, Operating Margin has increased for ten straight quarters, with an average year-over-year change of +8.83 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q3 2023 (a gain of 35.95 percentage points); the worst was Q3 2022 (a drop of 15.10 percentage points).
- Per Business Quant data, TWLO's Operating Margin in the three quarters before Q2 2026 was 7.65% (Q1 2026), 4.16% (Q4 2025) and 3.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 92.84 Bn | 68.09 Bn | 6.00 Bn | 34.82% |
| 2 | Autodesk | 54.44 Bn | 42.47 Bn | 1.87 Bn | 29.28% |
| 3 | Atlassian | 39.94 Bn | 33.22 Bn | 1.53 Bn | 11.93% |
| 4 | Twilio | 33.57 Bn | 23.20 Bn | 760.53 Mn | 9.53% |
| 5 | Zoom Communications | 27.01 Bn | -3.72 Bn | 985.50 Mn | 24.61% |
| 6 | Figma | 10.15 Bn | 3.47 Bn | 314.44 Mn | -30.44% |
| 7 | Dropbox | 7.23 Bn | 2.87 Bn | 506.50 Mn | 26.10% |
| 8 | Open Text | 6.16 Bn | 1.59 Bn | 1.01 Bn | 23.70% |
| 9 | RingCentral | 6.07 Bn | 5.60 Bn | 494.30 Mn | 7.97% |
| 10 | Nice | 5.89 Bn | 872.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.53% |
| Jun 30, 2026 | 5.64% |
| Mar 31, 2026 | 7.65% |
| Dec 31, 2025 | 4.16% |
| Sep 30, 2025 | 3.15% |
| Jun 30, 2025 | 3.01% |
| Mar 31, 2025 | 1.97% |
| Dec 31, 2024 | 1.15% |
| Sep 30, 2024 | -0.43% |
| Jun 30, 2024 | -1.76% |
| Mar 31, 2024 | -4.15% |
| Dec 31, 2023 | -33.62% |
| Sep 30, 2023 | -10.54% |
| Jun 30, 2023 | -13.67% |
| Mar 31, 2023 | -26.24% |
| Dec 31, 2022 | -21.33% |
| Sep 30, 2022 | -46.49% |
| Jun 30, 2022 | -33.07% |
| Mar 31, 2022 | -24.88% |
| Dec 31, 2021 | -33.66% |
API Access
Twilio Operating Margin 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-margin&ticker=TWLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=TWLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();