Jun 2026 (Q2 FY26) — Aug 6, 2026
Twilio Q2 FY26 — Strong Organic Growth and AI Momentum
Read the full callTwilio (TWLO) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Twilio earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,499 | +22.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 5.6 | +2.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1,067 | +4659.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
33 of 33 judged targets kept · 12 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Launch of next-generation conversational platform at SIGNAL | launch major new platform capabilities at SIGNAL on May 6 and 7 | Mar 2026 | This year's SIGNAL was especially memorable because we announced the general availability of Twilio's next-generation platform. | Achieved |
| Full-year free cash flow | $1.04 billion to $1.06 billion | Dec 2025 | Similarly, we are raising our full year free cash flow guidance to $1.135 billion to $1.155 billion. | Revised Up |
| Full-year non-GAAP gross profit dollar growth relative to organic revenue growth | similar to our organic revenue growth rate | Dec 2025 | In addition, we continue to expect full year non-GAAP gross profit growth to be similar to our organic revenue growth rate. | On Track |
12 of TWILIO INC's 45 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 42 more targets are in the full ledger.
Claimed
- Revenue reached $1.5 billion, with organic growth accelerating to 17% year-over-year.
- Non-GAAP gross profit growth accelerated to 18% year-over-year, marking the fifth consecutive quarter of acceleration.
- Non-GAAP income from operations increased 29% year-over-year to $285 million.
- Generated record free cash flow of $353 million in the quarter.
- Dollar-based net expansion rate improved to 116%, reflecting healthy growth with existing customers.
Qualified
- Non-GAAP gross margin declined 160 basis points year-over-year and 50 basis points quarter-over-quarter to 49.1%, primarily due to $71 million in incremental U.S. carrier pass-through fees.
- Non-GAAP operating margin was negatively impacted by approximately 90 basis points from incremental U.S. carrier fees.
- GAAP income from operations was impacted by a $33 million prepaid asset impairment.
Price
$257.29 +5.29% · +$12.92
Performance +141.2% 1Y
1Y: $106.65 on 17 Oct 2025 → $257.29. High $301.27 (1 Oct 2026), low $106.65 (17 Oct 2025).
- Previous close
- $244.37
- 52-week range
- $108.49 – $301.27
- One year
- +136.00%
Overview
- Symbol
- TWLO
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
33 of 33 judged targets kept · 12 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Launch of next-generation conversational platform at SIGNAL | launch major new platform capabilities at SIGNAL on May 6 and 7 | Mar 2026 | This year's SIGNAL was especially memorable because we announced the general availability of Twilio's next-generation platform. | Achieved |
| Full-year free cash flow | $1.04 billion to $1.06 billion | Dec 2025 | Similarly, we are raising our full year free cash flow guidance to $1.135 billion to $1.155 billion. | Revised Up |
| Full-year non-GAAP gross profit dollar growth relative to organic revenue growth | similar to our organic revenue growth rate | Dec 2025 | In addition, we continue to expect full year non-GAAP gross profit growth to be similar to our organic revenue growth rate. | On Track |
Claimed
- Revenue reached $1.5 billion, with organic growth accelerating to 17% year-over-year.
- Non-GAAP gross profit growth accelerated to 18% year-over-year, marking the fifth consecutive quarter of acceleration.
- Non-GAAP income from operations increased 29% year-over-year to $285 million.
- Generated record free cash flow of $353 million in the quarter.
- Dollar-based net expansion rate improved to 116%, reflecting healthy growth with existing customers.
Qualified
- Non-GAAP gross margin declined 160 basis points year-over-year and 50 basis points quarter-over-quarter to 49.1%, primarily due to $71 million in incremental U.S. carrier pass-through fees.
- Non-GAAP operating margin was negatively impacted by approximately 90 basis points from incremental U.S. carrier fees.
- GAAP income from operations was impacted by a $33 million prepaid asset impairment.
The full ledger
Open TWILIO INC’s full ledger
A free account opens 5 company ledgers a month. All 45 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Twilio Inc. Q1 FY26 — Accelerating Revenue and Gross Profit Growth
Read the full callDec 2025 (Q4 FY25) — Feb 12, 2026
Twilio Q4 FY25 — Record Revenue and Profitability Driven by Voice AI and Multiproduct Adoption
Read the full callEvery analysed call
Twilio earnings calls (TWLO)
Financials
What the filings say
Net profit, year on year: +4659% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,134 | 1,195 | 1,172 | 1,228 | 1,300 | 1,366 | 1,407 | 1,499 |
| Operating profit | -5 | 14 | 23 | 37 | 41 | 57 | 108 | 85 |
| Operating margin | −0.4% | 1.1% | 2.0% | 3.0% | 3.1% | 4.2% | 7.7% | 5.6% |
| Other income | 1 | -27 | 4 | -3 | -8 | -95 | -5 | -9 |
| Profit before tax | -4 | -14 | 27 | 34 | 33 | -38 | 102 | 76 |
| Tax rate | −166.4% | 8.0% | 24.7% | 33.3% | −14.0% | −21.4% | 11.8% | −1313.0% |
| Net profit | -10 | -12 | 20 | 22 | 37 | -46 | 90 | 1,067 |
| EPS ($ per share) | -0.06 | — | 0.13 | 0.15 | 0.24 | — | 0.59 | 6.99 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -372 | -679 | -1,170 | -2,120 | -3,376 | -5,066 | -7,522 | -8,342 |
| Total liabilities | 590 | 871 | 1,035 | 1,967 | 2,005 | 1,877 | 1,913 | 1,949 |
| Fixed assets | 64 | 141 | 183 | 255 | 264 | 210 | 191 | 177 |
| Total assets | 1,029 | 5,151 | 9,487 | 12,999 | 12,564 | 11,610 | 9,865 | 9,771 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 8 | 14 | 33 | -58 | -254 | 415 | 716 | 1,003 |
| Cash from investing | -139 | -1,286 | -846 | -2,490 | -616 | 229 | 1,371 | 81 |
| Cash from financing | 516 | 1,020 | 1,493 | 3,096 | 45 | -644 | -2,312 | -833 |
| Net cash flow | 385 | -252 | 680 | 548 | -826 | -0 | -224 | 251 |
| Capital expenditure | -5 | -45 | -26 | -46 | — | — | — | — |
| Free cash flow | 3 | -31 | 7 | -104 | — | — | — | — |
TWLO revenue by segment
Communications grew from 93% to 94% of revenue over the last six quarters.
| Segment | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Communications | 93% | 93% | 94% | 94% | 94% | 94% | +14.5% |
| Twilio | 7% | 7% | 6% | 6% | 6% | 6% | +0.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
TWLO operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Net revenue retention rate | 107%Our Q1 dollar-based net expansion rate was 107%, reflecting the improving growth trends we've seen in our Communications business over the last several quarters.Source: earnings call transcript | 108%This momentum is reflected in our dollar-based net expansion rate of 108% in Q2, our best rate in over 2 years.Source: earnings call transcript | 109%Our Q3 dollar-based net expansion rate was 109%, reflecting the improving growth trends we've seen in our business over the last several quarters.Source: earnings call transcript | 109%Our Q4 dollar-based net expansion rate was 109%, reflecting the improving growth trends we've seen in our business over the last several quarters.Source: earnings call transcript | 114%Our Q1 dollar-based net expansion rate was 114%, reflecting the improving growth trends we've seen in our business over the last several quarters.Source: earnings call transcript | 116%Our Q2 dollar-based net expansion rate was 116%, reflecting the improving growth trends we've seen in our business over the last several quarters.Source: earnings call transcript | +2 pt |
| Net revenue retention rate Communications | 108%Our dollar-based net expansion rate for Communications was 108% and the dollar-based net expansion rate for Segment was 94%.Source: earnings call transcript | 109%Our DBNE rate for communications was 109% and the DBNE rate for segment was 95%.Source: earnings call transcript | — | — | — | — | +1 pt |
| Net revenue retention rate Segment | 94%Our dollar-based net expansion rate for Communications was 108% and the dollar-based net expansion rate for Segment was 94%.Source: earnings call transcript | 95%Our DBNE rate for communications was 109% and the DBNE rate for segment was 95%.Source: earnings call transcript | — | — | — | — | +1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 64% ↓ 1 pt
- Non Us 36% ↑ 1 pt
As TWLO cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
152 filings between Nov 13, 2025 and Oct 5, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$619.04M
96 sales by 4 insiders
48% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 37
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
Also filed: 17 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Stafman Andrew | — | $567.32M | Aug 12, 2026 |
| Shipchandler Khozema | — | $37.85M | Oct 5, 2026 |
| Viggiano Aidan | — | $12.04M | Sep 30, 2026 |
| ROTTENBERG ERIKA | — | $1.83M | Aug 10, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 5, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 501 | $146.0K |
| Oct 5, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 2,551 | $751.3K |
| Oct 5, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 1,934 | $557.0K |
| Oct 5, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 1,600 | $469.0K |
| Oct 5, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 1,900 | $549.4K |
| Oct 5, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 5,156 | $1.50M |
| Oct 5, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 800 | $233.9K |
| Sep 30, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 1,110 | $328.9K |
| Sep 30, 2026 | Shipchandler Khozema Chief Executive Officer | Sale | 260 | $75.4K |
| Sep 30, 2026 | Shipchandler Khozema Chief Executive Officer | Sale | 5,168 | $1.52M |
| Sep 30, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 500 | $145.7K |
| Sep 30, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 100 | $29.0K |
| Sep 30, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 750 | $220.1K |
| Sep 30, 2026 | Shipchandler Khozema Chief Executive Officer | Sale | 1,060 | $308.6K |
| Sep 30, 2026 | Shipchandler Khozema Chief Executive Officer | Sale | 960 | $284.4K |
| Sep 30, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 2,740 | $809.9K |
| Sep 30, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 380 | $111.0K |
| Sep 30, 2026 | Shipchandler Khozema Chief Executive Officer | Sale | 2,670 | $789.2K |
| Sep 30, 2026 | Shipchandler Khozema Chief Executive Officer | Sale | 1,450 | $423.5K |
| Sep 30, 2026 | Shipchandler Khozema Chief Executive Officer | Sale | 2,330 | $683.7K |
| Sep 30, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 3,504 | $1.03M |
| Sep 15, 2026 | Dubinsky Donna Director | Award | 337 | $0 |
| Sep 15, 2026 | ROTTENBERG ERIKA Director | Gift | 344 | $0 |
| Sep 15, 2026 | Dubinsky Donna Director | Gift | 337 | $0 |
| Sep 15, 2026 | Dubinsky Donna Director | Gift | 337 | $0 |
| Sep 15, 2026 | Suzuki Miyuki Director | Award | 341 | $0 |
| Sep 15, 2026 | Robinson Douglas A. Director | Award | 341 | $0 |
| Sep 15, 2026 | IMMELT JEFFREY R Director | Award | 352 | $0 |
| Sep 15, 2026 | Stafman Andrew Director | Award | 345 | $0 |
| Sep 15, 2026 | ROTTENBERG ERIKA Director | Award | 344 | $0 |
| Sep 15, 2026 | Bell Charles H Director | Award | 345 | $0 |
| Sep 15, 2026 | PATRICK DEVAL L Director | Award | 337 | $0 |
| Sep 15, 2026 | ROTTENBERG ERIKA Director | Gift | 344 | $0 |
| Sep 15, 2026 | Epstein Jeff Director | Award | 465 | $0 |
| Aug 17, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 304 | $71.4K |
| Aug 17, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 310 | $72.6K |
| Aug 17, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 610 | $142.3K |
| Aug 17, 2026 | Viggiano Aidan Chief Financial Officer | Sale | 170 | $40.5K |
| Aug 12, 2026 | Stafman Andrew Director | Sale | 500,000 | $123.54M |
| Aug 10, 2026 | ROTTENBERG ERIKA Director | Sale 10b5-1 plan | 357 | $89.5K |
| Aug 10, 2026 | ROTTENBERG ERIKA Director | Sale 10b5-1 plan | 487 | $121.3K |
| Aug 10, 2026 | ROTTENBERG ERIKA Director | Sale 10b5-1 plan | 334 | $85.1K |
| Aug 10, 2026 | ROTTENBERG ERIKA Director | Sale 10b5-1 plan | 190 | $48.2K |
| Aug 10, 2026 | ROTTENBERG ERIKA Director | Sale 10b5-1 plan | 628 | $158.6K |
| Aug 10, 2026 | ROTTENBERG ERIKA Director | Sale 10b5-1 plan | 1,504 | $378.6K |
| Jul 6, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 4,434 | $936.7K |
| Jul 6, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 2,300 | $483.2K |
| Jul 6, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 1,000 | $208.5K |
| Jul 6, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 1,060 | $226.0K |
| Jul 6, 2026 | Shipchandler Khozema Chief Executive Officer | Sale 10b5-1 plan | 2,891 | $613.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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