Twilio Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	4,896	4,458	4,154	3,826	2,842	1,762
Revenue Growth (YoY)	12.84%	7.32%	8.56%	34.64%	61.30%	55.30%
Cost of Revenue	2,479	2,179	2,109	2,012	1,451	846.12
Gross Profit	2,417	2,279	2,045	1,814	1,391	915.66
Selling, General & Admin	1,284	1,310	1,486	1,763	1,510	856.25
Research & Development	1,004	1,009	942.79	1,079	789.22	530.55
Other Operating Expenses	1.13	1.13	0.7	0.54	-	-
Operating Expenses	2,289	2,320	2,429	2,842	2,299	1,387
Operating Income	128.02	-40.44	-384.75	-1,028	-908.14	-471.14
Interest & Investment Income	72.7	90.2	77.7	64.6	55.7	32.4
Earnings From Equity Investments	-101.89	-108.48	-121.9	-35.32	-	-
Other Non Operating Income (Expenses)	1.96	-8.4	-29.84	-67.61	-72.08	-31.06
EBT Excluding Unusual Items	100.8	-67.12	-458.78	-1,067	-924.52	-469.8
Merger & Restructuring Charges	-13.27	-13.27	-206.09	-176.98	-7.45	-21.77
Gain (Loss) on Sale of Investments	-8.22	-8.22	-46.15	-	-	-
Asset Writedown	-	-	-285.7	-	-	-
Other Unusual Items	-	-	-	-	-28.97	-12.86
Pretax Income	79.3	-88.61	-996.73	-1,244	-960.93	-504.43
Income Tax Expense	12.08	20.79	18.71	12.51	-11.03	-13.45
Net Income	67.22	-109.4	-1,015	-1,256	-949.9	-490.98
Net Income to Common	67.22	-109.4	-1,015	-1,256	-949.9	-490.98
Shares Outstanding (Basic)	153	166	183	183	174	147
Shares Outstanding (Diluted)	159	166	183	183	174	147
Shares Change (YoY)	-8.35%	-9.49%	0.18%	5.06%	18.73%	12.78%
EPS (Basic)	0.44	-0.66	-5.54	-6.86	-5.45	-3.35
EPS (Diluted)	0.43	-0.66	-5.54	-6.86	-5.45	-3.35
Free Cash Flow	832.3	709.26	403.44	-288.79	-104.24	6.85
Free Cash Flow Per Share	5.25	4.28	2.20	-1.58	-0.60	0.05
Gross Margin	49.37%	51.13%	49.22%	47.41%	48.94%	51.97%
Operating Margin	2.61%	-0.91%	-9.26%	-26.88%	-31.96%	-26.74%
Profit Margin	1.37%	-2.45%	-24.45%	-32.83%	-33.43%	-27.87%
Free Cash Flow Margin	17.00%	15.91%	9.71%	-7.55%	-3.67%	0.39%
EBITDA	325.73	165.55	-100.34	-749.2	-649.76	-321.48
EBITDA Margin	6.65%	3.71%	-2.42%	-19.58%	-22.86%	-18.25%
D&A For EBITDA	197.72	205.98	284.41	279.13	258.38	149.66
EBIT	128.02	-40.44	-384.75	-1,028	-908.14	-471.14
EBIT Margin	2.61%	-0.91%	-9.26%	-26.88%	-31.96%	-26.74%
Advertising Expenses	-	48.7	71.1	92.6	78.8	47.2

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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