Twilio (TWLO) Research & Development (2015 - 2026)
Twilio's Research & Development came in at $280.37 million for Q3 2026, up 6.9% from $262.31 million a year earlier and up 2.6% from the prior quarter.
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Analysis
Twilio (TWLO) Research & Development (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Twilio reported Research & Development of $1.08 billion, up 7.2% year-over-year; for FY2025, it came in at $1.02 billion, up 1.1% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 14.0% (FY2020 to FY2025).
- Going back by year, Research & Development was $1.01 billion in FY2024 (+7.0%), $942.79 million in FY2023 (-12.6%), $1.08 billion in FY2022 (+36.7%) and $789.22 million in FY2021 (+48.8%).
- The Q3 2026 figure represents the highest quarterly Research & Development since Q3 2022.
- Year-over-year, Research & Development has increased for six consecutive quarters, with growth averaging 3.8% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q2 2022 (growth of 54.3%), and the weakest in Q2 2023 (a decline of 18.9%).
- Business Quant data shows TWLO's Research & Development at $273.32 million (Q2 2026), $262.17 million (Q1 2026) and $260.06 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 92.84 Bn | 68.09 Bn | 6.00 Bn | 1.29 Bn |
| 2 | Autodesk | 54.44 Bn | 42.47 Bn | 1.87 Bn | 464.00 Mn |
| 3 | Atlassian | 39.94 Bn | 33.22 Bn | 1.53 Bn | 759.82 Mn |
| 4 | Twilio | 33.57 Bn | 23.20 Bn | 760.53 Mn | 280.37 Mn |
| 5 | Zoom Communications | 27.01 Bn | -3.72 Bn | 985.50 Mn | 242.50 Mn |
| 6 | Figma | 10.15 Bn | 3.47 Bn | 314.44 Mn | 205.20 Mn |
| 7 | Dropbox | 7.23 Bn | 2.87 Bn | 506.50 Mn | 188.10 Mn |
| 8 | Open Text | 6.16 Bn | 1.59 Bn | 1.01 Bn | 149.10 Mn |
| 9 | RingCentral | 6.07 Bn | 5.60 Bn | 494.30 Mn | 88.07 Mn |
| 10 | Nice | 5.89 Bn | 872.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 280.37 Mn |
| Jun 30, 2026 | 273.32 Mn |
| Mar 31, 2026 | 262.17 Mn |
| Dec 31, 2025 | 260.06 Mn |
| Sep 30, 2025 | 262.31 Mn |
| Jun 30, 2025 | 243.50 Mn |
| Mar 31, 2025 | 254.30 Mn |
| Dec 31, 2024 | 243.99 Mn |
| Sep 30, 2024 | 261.51 Mn |
| Jun 30, 2024 | 242.79 Mn |
| Mar 31, 2024 | 260.46 Mn |
| Dec 31, 2023 | 235.65 Mn |
| Sep 30, 2023 | 241.65 Mn |
| Jun 30, 2023 | 226.90 Mn |
| Mar 31, 2023 | 238.60 Mn |
| Dec 31, 2022 | 274.09 Mn |
| Sep 30, 2022 | 284.74 Mn |
| Jun 30, 2022 | 279.64 Mn |
| Mar 31, 2022 | 240.61 Mn |
| Dec 31, 2021 | 223.25 Mn |
API Access
Twilio Research & Development 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=research-and-development&ticker=TWLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=TWLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();