Twilio Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,067	4,458	4,154	3,826	2,842
Revenue Growth (YoY)	13.66%	7.32%	8.56%	34.64%	61.30%
Cost of Revenue	2,587	2,179	2,109	2,012	1,451
Gross Profit	2,480	2,279	2,045	1,814	1,391
Selling, General & Admin	1,275	1,310	1,486	1,763	1,510
Research & Development	1,007	1,009	942.79	1,079	789.22
Other Operating Expenses	24.75	1.13	0.7	0.54	-
Operating Expenses	2,307	2,320	2,429	2,842	2,299
Operating Income	173.61	-40.44	-384.75	-1,028	-908.14
Interest & Investment Income	-	90.2	77.7	64.6	55.7
Earnings From Equity Investments	-181.85	-108.48	-121.9	-35.32	-
Other Non Operating Income (Expenses)	79.14	-8.4	-29.84	-67.61	-72.08
EBT Excluding Unusual Items	70.9	-67.12	-458.78	-1,067	-924.52
Merger & Restructuring Charges	-15.52	-13.27	-206.09	-176.98	-7.45
Gain (Loss) on Sale of Investments	-	-8.22	-46.15	-	-
Asset Writedown	-1.85	-	-285.7	-	-
Other Unusual Items	1.56	-	-	-	-28.97
Pretax Income	55.09	-88.61	-996.73	-1,244	-960.93
Income Tax Expense	21.26	20.79	18.71	12.51	-11.03
Net Income	33.83	-109.4	-1,015	-1,256	-949.9
Net Income to Common	33.83	-109.4	-1,015	-1,256	-949.9
Shares Outstanding (Basic)	153	166	183	183	174
Shares Outstanding (Diluted)	160	166	183	183	174
Shares Change (YoY)	-3.70%	-9.49%	0.18%	5.06%	18.73%
EPS (Basic)	0.22	-0.66	-5.54	-6.86	-5.45
EPS (Diluted)	0.21	-0.66	-5.54	-6.86	-5.45
Free Cash Flow	997.4	709.26	403.44	-288.79	-104.24
Free Cash Flow Per Share	6.24	4.28	2.20	-1.58	-0.60
Gross Margin	48.95%	51.13%	49.22%	47.41%	48.94%
Operating Margin	3.43%	-0.91%	-9.26%	-26.88%	-31.96%
Profit Margin	0.67%	-2.45%	-24.45%	-32.83%	-33.43%
Free Cash Flow Margin	19.68%	15.91%	9.71%	-7.55%	-3.67%
EBITDA	369.06	165.55	-100.34	-749.2	-649.76
EBITDA Margin	7.28%	3.71%	-2.42%	-19.58%	-22.86%
D&A For EBITDA	195.44	205.98	284.41	279.13	258.38
EBIT	173.61	-40.44	-384.75	-1,028	-908.14
EBIT Margin	3.43%	-0.91%	-9.26%	-26.88%	-31.96%
Effective Tax Rate	38.59%	-	-	-	-
Advertising Expenses	-	48.7	71.1	92.6	78.8

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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