Twilio annual operating margin
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2025
Twilio Operating Margin Growth & History (TWLO)
Twilio's operating margin was 3.11% for fiscal 2025.
View full Twilio company overviewTwilio annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 3.11% | +4.32 pp |
| 2024 | 2024-12-31 | −1.20% | +19.90 pp |
| 2023 | 2023-12-31 | −21.10% | +10.40 pp |
| 2022 | 2022-12-31 | −31.50% | +0.72 pp |
| 2021 | 2021-12-31 | −32.22% | −4.24 pp |
| 2020 | 2020-12-31 | −27.98% | +4.62 pp |
| 2019 | 2019-12-31 | −32.60% | −14.87 pp |
| 2018 | 2018-12-31 | −17.73% | −1.17 pp |
| 2017 | 2017-12-31 | −16.56% | −1.66 pp |
| 2016 | 2016-12-31 | −14.90% | +6.31 pp |
| 2015 | 2015-12-31 | −21.20% | +8.83 pp |
| 2014 | 2014-12-31 | −30.03% | — |
Twilio quarterly operating margin
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Q4.17
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Q3.18
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Q3.19
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Q3.20
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Q1.21
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Q3.22
Q4.22
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.64% | +2.63 pp |
| Q1 2026 | 2026-03-31 | 7.65% | +5.68 pp |
| Q4 2025 | 2025-12-31 | 4.16% | +3.01 pp |
| Q3 2025 | 2025-09-30 | 3.15% | +3.58 pp |
| Q2 2025 | 2025-06-30 | 3.01% | +4.77 pp |
| Q1 2025 | 2025-03-31 | 1.97% | +6.12 pp |
| Q4 2024 | 2024-12-31 | 1.15% | +34.77 pp |
| Q3 2024 | 2024-09-30 | −0.43% | +10.10 pp |
| Q2 2024 | 2024-06-30 | −1.76% | +11.91 pp |
| Q1 2024 | 2024-03-31 | −4.15% | +22.08 pp |
| Q4 2023 | 2023-12-31 | −33.62% | −12.29 pp |
| Q3 2023 | 2023-09-30 | −10.54% | +35.95 pp |
| Q2 2023 | 2023-06-30 | −13.67% | +19.40 pp |
| Q1 2023 | 2023-03-31 | −26.24% | −1.35 pp |
| Q4 2022 | 2022-12-31 | −21.33% | +12.32 pp |
| Q3 2022 | 2022-09-30 | −46.49% | −15.10 pp |
| Q2 2022 | 2022-06-30 | −33.07% | −2.83 pp |
| Q1 2022 | 2022-03-31 | −24.88% | +8.57 pp |
| Q4 2021 | 2021-12-31 | −33.66% | +0.15 pp |
| Q3 2021 | 2021-09-30 | −31.39% | −6.33 pp |
| Q2 2021 | 2021-06-30 | −30.24% | −4.63 pp |
| Q1 2021 | 2021-03-31 | −33.45% | −8.04 pp |
| Q4 2020 | 2020-12-31 | −33.81% | −5.49 pp |
| Q3 2020 | 2020-09-30 | −25.06% | +7.02 pp |
| Q2 2020 | 2020-06-30 | −25.61% | +8.47 pp |
| Q1 2020 | 2020-03-31 | −25.41% | +12.16 pp |
| Q4 2019 | 2019-12-31 | −28.32% | −6.79 pp |
| Q3 2019 | 2019-09-30 | −32.08% | −17.26 pp |
| Q2 2019 | 2019-06-30 | −34.08% | −19.22 pp |
| Q1 2019 | 2019-03-31 | −37.57% | −18.78 pp |
| Q4 2018 | 2018-12-31 | −21.53% | −3.99 pp |
| Q3 2018 | 2018-09-30 | −14.82% | +9.08 pp |
| Q2 2018 | 2018-06-30 | −14.86% | −7.49 pp |
| Q1 2018 | 2018-03-31 | −18.79% | −1.90 pp |
| Q4 2017 | 2017-12-31 | −17.54% | −1.90 pp |
| Q3 2017 | 2017-09-30 | −23.90% | −8.14 pp |
| Q2 2017 | 2017-06-30 | −7.37% | +9.45 pp |
| Q1 2017 | 2017-03-31 | −16.89% | −6.16 pp |
| Q4 2016 | 2016-12-31 | −15.64% | +4.56 pp |
| Q3 2016 | 2016-09-30 | −15.76% | +9.16 pp |
| Q2 2016 | 2016-06-30 | −16.82% | — |
| Q1 2016 | 2016-03-31 | −10.73% | — |
| Q3 2015 | 2015-09-30 | −20.21% | — |
| Q2 2015 | 2015-06-30 | −24.92% | — |
Twilio operating margin trends
Over the last five reported fiscal years, Twilio's operating margin increased from −27.98% to 3.11%, a change of +31.09 percentage points. The latest reported quarter, Q2 2026, shows 5.64%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗