Monday 19 October 2026 Export TWLO’s income statement to Excel — free account

Twilio Inc.

Twilio Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, up 13.7% from fiscal 2024. In the quarter to June 2026, revenue grew 22.0%, EPS grew 4,560.0%, free cash flow grew 32.2% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for three.

251.94 7.57 +3.10%

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Market cap: $37.5B
P/E: 32.5×
Fwd P/E: 28.4×
Dividend yield: —
F-score: 6/9
Altman Z: 6.40
Beneish M: −2.85
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 619.04

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	3	2	1	3	3	6	4	2	3	2	1

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 37,530.00

Revenue 5,572.33

Net Income 1,148.74

Free Cash Flow 973.38

Net Debt (1,663.17)

Current Ratio 4.62

Debt/Equity 0.11

P/E ratio 32.50

Fwd P/E 28.40

P/S ratio 6.70

P/B ratio 4.16

Past 5Y EPS Growth —

This Y EPS Growth 21.29%

Next Y EPS Growth 14.43%

Next Y revenue growth 18.45%

Next 5Y EPS Growth 16.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 48.94%

10-year low 10-year high

P/B against its own 10 years 54.19%

10-year low 10-year high

EV/Sales against its own 10 years 50.98%

10-year low 10-year high

EV/FCF against its own 10 years 87.96%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4,012	2,384	2,470	2,656
Receivables	563	589	637	760
Inventory	—	—	—	—
Other	—	—	—	—
	4,904	3,447	3,577	3,746

	2023	2024	2025	Q'26
Payables	120	100	85	71
ST’ Debt	—	—	—	—
Other	—	—	—	—
	738	820	887	811

Compound Annual Growth %

	10y	5y	3y
Sales	40.68%	23.53%	9.82%
Cash Flow	0.00%	98.38%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	52.28%	(1.54%)	(9.52%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,407	1,499	—	—	—
’25	1,172	1,228	1,300	1,366	5,067
’24	1,047	1,083	1,134	1,195	4,458
’23	1,007	1,038	1,034	1,076	4,154
’22	875	943	983	1,025	3,826
’21	590	669	740	843	2,842
’20	365	401	448	548	1,762

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	153	372	—	—	—
’25	191	277	264	272	1,003
’24	190	213	204	108	716
’23	(98)	84	206	223	415
’22	(18)	(63)	(116)	(58)	(254)
’21	5	22	(46)	(38)	(58)
’20	16	(2)	4	15	33

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	132	345	—	—	—
’25	177	261	248	250	940
’24	177	198	189	90	657
’23	(114)	72	195	202	364
’22	(42)	(78)	(147)	(109)	(369)
’21	(11)	(9)	(82)	(105)	(194)
’20	1	(17)	(24)	1	(26)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.57	6.68	—	—	—
’25	0.12	0.14	0.23	(0.30)	0.21
’24	(0.31)	(0.19)	(0.06)	(0.08)	(0.66)
’23	(1.84)	(0.91)	(0.78)	(2.01)	(5.54)
’22	(1.23)	(1.77)	(2.63)	(1.24)	(6.86)
’21	(1.24)	(1.31)	(1.26)	(1.63)	(5.45)
’20	(0.68)	(0.71)	(0.79)	(1.13)	(3.35)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	23.66	22.80	23.25	80.13	68.06	235.00	41.00	45.02	52.51	77.51	Analyst estimates 2026–2028 Powerpack
	High	70.96	34.95	100.47	151.00	374.49	457.30	266.74	79.70	116.43	151.95
People
People	Employees	730	996	1,440	2,905	4,629	7,867	3,605	5,867	5,535	5,587
	Revenue/emp, $m	0.38	0.40	0.45	0.39	0.38	0.36	1.06	0.71	0.81	0.91
Income, $m
Income, $m	Revenue	277	399	650	1,134	1,762	2,842	3,826	4,154	4,458	5,067
	Gross margin, %	56.54	54.16	53.72	53.67	51.97	48.94	47.40	49.20	51.10	48.92
	EBT	(41)	(63)	(121)	(362)	(504)	(961)	(1,244)	(997)	(89)	55
	EBT margin, %	(14.78)	(15.79)	(18.64)	(31.93)	(28.63)	(33.81)	(32.50)	(23.99)	(1.99)	1.09
	Net income	(41)	(64)	(122)	(307)	(491)	(950)	(1,256)	(1,015)	(109)	34
	Depreciation	8	19	40	134	170	326	370	357	259	256
Per share, $
Per share, $	Revenue	5.22	4.37	6.69	8.72	12.01	16.32	20.91	22.66	26.87	33.12
	Earnings	(0.78)	(0.70)	(1.26)	(2.36)	(3.35)	(5.45)	(6.86)	(5.54)	(0.66)	0.22
	Cash flow	0.19	(0.04)	0.08	0.11	0.22	(0.33)	(1.39)	2.26	4.32	6.56
	Capex	(0.50)	(0.29)	(0.25)	(0.87)	(0.40)	(0.78)	(0.63)	(0.28)	(0.35)	(0.42)
	Free cash flow	(0.31)	(0.33)	(0.17)	(0.76)	(0.18)	(1.12)	(2.02)	1.98	3.96	6.14
	Book value	6.20	3.94	4.51	32.90	57.62	63.33	57.70	53.09	47.93	51.13
	Shares, m	53	91	97	130	147	174	183	183	166	153
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	646.55
	P/S	5.08	5.74	13.34	11.27	28.19	16.14	2.41	3.14	4.02	4.29
	P/B	4.27	6.36	19.79	2.99	5.88	4.16	0.87	1.34	2.25	2.78
	EV/Sales	3.97	5.01	12.86	10.05	26.64	14.61	1.59	2.41	3.71	4.00
	EV/FCF	(67.24)	(65.71)	(492.28)	(109.78)	(554.57)	(201.17)	(16.17)	28.73	25.32	21.66
Cash, $m
Cash, $m	Operating cash flow	10	(3)	8	14	33	(58)	(254)	415	716	1,003
	Capex	(26)	(27)	(25)	(113)	(59)	(136)	(115)	(51)	(59)	(64)
	Free cash flow	(16)	(30)	(17)	(99)	(26)	(194)	(369)	364	657	940
Balance, $m
Balance, $m	Working capital	280	275	735	1,814	2,924	5,229	4,176	4,166	2,627	2,690
	Total debt	—	—	434	467	320	1,011	1,009	989	991	992
	Net debt	(306)	(291)	(314)	(1,386)	(2,720)	(4,347)	(3,146)	(3,023)	(1,394)	(1,478)
	Shareholders’ equity	329	360	438	4,279	8,453	11,031	10,559	9,733	7,953	7,822
Returns, %
Returns, %	ROA	(14.49)	(14.77)	(16.50)	(9.94)	(6.71)	(8.45)	(9.83)	(8.40)	(1.02)	0.34
	ROIC	(108.58)	(59.87)	(57.90)	(7.99)	(5.37)	(8.56)	(10.16)	(8.17)	(0.51)	1.55
	ROE	(40.09)	(18.49)	(30.56)	(13.02)	(7.71)	(9.75)	(11.64)	(10.01)	(1.24)	0.43

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.32 Actual 1.47

0.98 1.13 1.28 1.42 1.57

Q3 FY25 Beat +0.20

Q4 FY25 Beat +0.09

Q1 FY26 Beat +0.23

Q2 FY26 Beat +0.15

Q3 FY26 — Oct 29

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	1.05	1.25	Beat by 0.20
Q4 FY25	1.24	1.33	Beat by 0.09
Q1 FY26	1.27	1.50	Beat by 0.23
Q2 FY26	1.32	1.47	Beat by 0.15
Q3 FY26	1.46	—	Reports 29 October 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
XYZ Block, Inc.	$46.8B	134×	46.4×	+9.30% (above 0%: growing)	−82.95% (below 0%: shrinking)	+181.80% (above 0%: growing)	47.84%	6.75%	Compare
NBIS Nebius Group N.V.	$45.0B	636×	34.8×	+454.04% (above 0%: growing)	n/m	−399.28% (below 0%: shrinking)	77.06%	(30.21%)	Compare
NTAP NetApp, Inc.	$40.0B	28.4×	26.2×	+29.89% (above 0%: growing)	+64.66% (above 0%: growing)	−35.32% (below 0%: shrinking)	70.07%	23.90%	Compare
TWLO Twilio Inc.	$37.5B	32.5×	28.4×	+22.03% (above 0%: growing)	+4,560.00% (above 0%: growing)	+32.18% (above 0%: growing)	48.42%	5.64%
CRWV CoreWeave Inc.	$33.9B	— (loss-making)	— (loss-making)	+112.46% (above 0%: growing)	n/m	−112.39% (below 0%: shrinking)	65.86%	(1.90%)	Compare
ZS Zscaler, Inc.	$33.8B	— (loss-making)	7,738×	+24.88% (above 0%: growing)	n/m	−64.66% (below 0%: shrinking)	76.73%	(1.72%)	Compare
OKTA Okta, Inc.	$32.7B	111×	94.0×	+10.58% (above 0%: growing)	+76.32% (above 0%: growing)	+38.89% (above 0%: growing)	79.63%	13.29%	Compare
VRSN VeriSign, Inc.	$27.3B	32.8×	31.6×	+6.03% (above 0%: growing)	+7.69% (above 0%: growing)	+9.30% (above 0%: growing)	88.50%	68.18%	Compare
MDB MongoDB, Inc.	$27.2B	456×	515×	+30.50% (above 0%: growing)	n/m	+94.79% (above 0%: growing)	73.83%	3.68%	Compare
Median of peers	$33.8B	123×	46.4×	+27.39%	+36.17%	−13.01%	75.28%	5.22%

All 188 Software Infrastructure stocks →

Twilio Inc. (TWLO) key facts

Strength: Twilio Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, up 13.7% from fiscal 2024.
Twilio Inc. (TWLO) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
Net income was $33.8 million, or $0.22 per share (basic), a net margin of 0.67%.
As of October 16, 2026, TWLO traded at $244.37, a market capitalization of $37.5 billion.
At that price the stock trades at 32.5× trailing-twelve-month earnings and 6.7× sales.
Return on equity was 0.43% and debt-to-equity 0.11.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 6.40 (safe zone) for fiscal 2025.