Twilio annual gross margin
2014
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2025
Twilio Gross Margin Growth & History (TWLO)
Twilio's gross margin was 48.92% for fiscal 2025.
View full Twilio company overviewTwilio annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 48.92% | −2.19 pp |
| 2024 | 2024-12-31 | 51.10% | +1.90 pp |
| 2023 | 2023-12-31 | 49.20% | +1.81 pp |
| 2022 | 2022-12-31 | 47.40% | −1.54 pp |
| 2021 | 2021-12-31 | 48.94% | −3.04 pp |
| 2020 | 2020-12-31 | 51.97% | −1.70 pp |
| 2019 | 2019-12-31 | 53.67% | −0.05 pp |
| 2018 | 2018-12-31 | 53.72% | −0.44 pp |
| 2017 | 2017-12-31 | 54.16% | −2.38 pp |
| 2016 | 2016-12-31 | 56.54% | +1.15 pp |
| 2015 | 2015-12-31 | 55.40% | +2.02 pp |
| 2014 | 2014-12-31 | 53.38% | — |
Twilio quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 48.42% | −0.65 pp |
| Q1 2026 | 2026-03-31 | 48.63% | −0.97 pp |
| Q4 2025 | 2025-12-31 | 48.49% | −1.70 pp |
| Q3 2025 | 2025-09-30 | 48.61% | −2.44 pp |
| Q2 2025 | 2025-06-30 | 49.07% | −2.28 pp |
| Q1 2025 | 2025-03-31 | 49.60% | −2.36 pp |
| Q4 2024 | 2024-12-31 | 50.19% | +0.82 pp |
| Q3 2024 | 2024-09-30 | 51.04% | +1.09 pp |
| Q2 2024 | 2024-06-30 | 51.35% | +2.61 pp |
| Q1 2024 | 2024-03-31 | 51.96% | +3.21 pp |
| Q4 2023 | 2023-12-31 | 49.37% | +2.41 pp |
| Q3 2023 | 2023-09-30 | 49.95% | +2.94 pp |
| Q2 2023 | 2023-06-30 | 48.74% | +1.53 pp |
| Q1 2023 | 2023-03-31 | 48.75% | +0.19 pp |
| Q4 2022 | 2022-12-31 | 46.96% | −0.09 pp |
| Q3 2022 | 2022-09-30 | 47.01% | −2.26 pp |
| Q2 2022 | 2022-06-30 | 47.20% | −2.32 pp |
| Q1 2022 | 2022-03-31 | 48.56% | −2.00 pp |
| Q4 2021 | 2021-12-31 | 47.05% | −4.42 pp |
| Q3 2021 | 2021-09-30 | 49.26% | −2.28 pp |
| Q2 2021 | 2021-06-30 | 49.52% | −2.65 pp |
| Q1 2021 | 2021-03-31 | 50.56% | −2.48 pp |
| Q4 2020 | 2020-12-31 | 51.47% | −1.27 pp |
| Q3 2020 | 2020-09-30 | 51.54% | −2.06 pp |
| Q2 2020 | 2020-06-30 | 52.17% | −2.37 pp |
| Q1 2020 | 2020-03-31 | 53.04% | −1.02 pp |
| Q4 2019 | 2019-12-31 | 52.74% | −0.13 pp |
| Q3 2019 | 2019-09-30 | 53.60% | −0.79 pp |
| Q2 2019 | 2019-06-30 | 54.54% | +0.53 pp |
| Q1 2019 | 2019-03-31 | 54.07% | +0.21 pp |
| Q4 2018 | 2018-12-31 | 52.87% | +0.62 pp |
| Q3 2018 | 2018-09-30 | 54.39% | +2.39 pp |
| Q2 2018 | 2018-06-30 | 54.02% | −1.83 pp |
| Q1 2018 | 2018-03-31 | 53.85% | −3.47 pp |
| Q4 2017 | 2017-12-31 | 52.25% | −6.01 pp |
| Q3 2017 | 2017-09-30 | 52.01% | −4.26 pp |
| Q2 2017 | 2017-06-30 | 55.84% | −0.44 pp |
| Q1 2017 | 2017-03-31 | 57.33% | +2.53 pp |
| Q4 2016 | 2016-12-31 | 58.26% | +2.55 pp |
| Q3 2016 | 2016-09-30 | 56.26% | +0.60 pp |
| Q2 2016 | 2016-06-30 | 56.28% | — |
| Q1 2016 | 2016-03-31 | 54.79% | — |
| Q3 2015 | 2015-09-30 | 55.71% | — |
| Q2 2015 | 2015-06-30 | 55.66% | — |
Twilio gross margin trends
Over the last five reported fiscal years, Twilio's gross margin decreased from 51.97% to 48.92%, a change of −3.06 percentage points. The latest reported quarter, Q2 2026, shows 48.42%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Twilio filings at SEC.gov ↗