Twilio (TWLO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.27

Last Year’s EPS

1.14

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 19 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented strong, broad-based operational and financial progress: record Q4 and full-year revenue, accelerating voice and Voice AI adoption, margin expansion on a non-GAAP basis, robust free cash flow, GAAP profitability for the first full year, large deal momentum, and disciplined capital returns. The primary headwinds are margin pressure from industry-wide A2P carrier fee increases and messaging mix (lower-margin product), plus a planned Q1 cash bonus that will temporarily reduce free cash flow. Management provided constructive guidance for 2026 and a clear path to a 2027 operating income target, indicating confidence in sustaining momentum despite margin-rate headwinds that are largely pass-through in nature.

Company Guidance

Twilio guided Q1 revenue of $1,335 million to $1,345 million (14–15% reported, 10–11% organic), which includes an assumed $44 million of incremental U.S. carrier pass‑through fees (up $21M vs. Q4); Q1 non‑GAAP income from operations of $240 million to $250 million and Q1 free cash flow of roughly $100 million (impacted by a planned $140 million cash bonus). For full‑year 2026 the company expects reported revenue growth of 11.5–12.5% and organic growth of 8–9%, about $190 million of incremental pass‑through carrier revenue (which Twilio estimates will reduce 2026 non‑GAAP gross margin by ~170 bps and operating margin by ~60–70 bps), full‑year non‑GAAP income from operations of $1,040 million to $1,060 million, full‑year free cash flow of $1,000 million to $1,040 million, and non‑GAAP gross profit dollar growth roughly in line with organic revenue growth; management also reiterated a 2027 non‑GAAP operating income target of at least $1,230 million (stated as unaffected by carrier fees).

Record Q4 and Full-Year Revenue

Q4 revenue of $1,400,000,000 (record), up 14% year over year reported and 12% organic. Full-year 2025 revenue of $5,100,000,000, up 14% reported and 13% organic.

Strong Profitability and Margin Expansion

Q4 non-GAAP income from operations was $256,000,000 (record), up 30% year over year, with non-GAAP operating margin of 18.7% (up 220 basis points YoY). Full-year non-GAAP income from operations was $924,000,000, up 29% YoY, with full-year non-GAAP operating margin of 18.2% (up 220 basis points YoY).

Robust Free Cash Flow and Share Repurchases

Q4 free cash flow of $256,000,000. Full-year free cash flow of $945,000,000, up 44% year over year. Completed $198,000,000 in share repurchases in Q4 and $855,000,000 for the full year (representing 90% of 2025 free cash flow, above the 50% target).

GAAP Profitability and Improved Capital Efficiency

Generated $158,000,000 in GAAP income for the year, marking the company's first full year of GAAP profitability. Net burn rate was 1.5% in 2025, well below the 3% target. Ending share count 152,000,000, down 18% since 2023 share repurchase program.

Voice and Voice AI Acceleration

Voice revenue growth accelerated to the high teens in Q4 (the strongest since 2022). Voice AI revenue growth accelerated above 60% year over year in Q4. Branded calling revenue grew roughly 6x year over year in Q4.

Channel and Customer Dynamics: Self-Serve, ISVs, Large Deals

Q4 self-serve revenue grew 28% YoY and ISV revenue grew 26% YoY. Full-year self-serve +21% and ISV +24%. Number of large deals (≥ $500,000) increased 36% YoY; signed the largest deal in company history (nine-figure renewal).

Multiproduct Adoption and Software Add-Ons

Multiproduct customer count grew 26% YoY. Software add-on revenue grew over 20% YoY in Q4; Verify grew more than 25% for the second consecutive quarter.

Cyber Week Volume Records

Cyber Week volumes hit record highs: 6,990,000,000 messages (+34.5% YoY), 1,070,000,000 calls (+58% YoY), and 75,100,000,000 emails (+14.6% YoY).

Improving Gross Profit and DBNR

Q4 non-GAAP gross profit of $682,000,000, up 10% YoY, with gross margin 49.9% (Q4) and full-year non-GAAP gross profit $2,600,000,000, up 8% YoY. Dollar-based net expansion rate was 109% in Q4.

Positive 2026/2027 Outlook and Guidance

Q1 2026 revenue guide $1,335,000,000–$1,345,000,000 (14–15% reported, 10–11% organic). Full-year 2026 guidance: 11.5–12.5% reported revenue growth and 8–9% organic growth; full-year non-GAAP income from operations $1,040,000,000–$1,060,000,000; full-year free cash flow $1,000,000,000–$1,040,000,000. 2027 non-GAAP operating income target of at least $1,230,000,000.

Twilio (TWLO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TWLO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	1.27 / -	1.14	―	―	―
Feb 12, 2026	2025 (Q4)	1.23 / 1.33	1	33.00% (+0.33)
Oct 30, 2025	2025 (Q3)	1.08 / 1.25	1.02	22.55% (+0.23)
Aug 07, 2025	2025 (Q2)	1.05 / 1.19	0.87	36.78% (+0.32)
May 01, 2025	2025 (Q1)	0.96 / 1.14	0.8	42.50% (+0.34)
Feb 13, 2025	2024 (Q4)	1.03 / 1.00	0.86	16.28% (+0.14)
Oct 30, 2024	2024 (Q3)	0.86 / 1.02	0.58	75.86% (+0.44)
Aug 01, 2024	2024 (Q2)	0.73 / 0.87	0.54	61.11% (+0.33)
May 07, 2024	2024 (Q1)	0.59 / 0.80	0.47	70.21% (+0.33)
Feb 14, 2024	2023 (Q4)	0.57 / 0.86	0.22	290.91% (+0.64)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TWLO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2026	$110.41	$113.00	+2.35%
Oct 30, 2025	$112.86	$134.88	+19.51%
Aug 07, 2025	$122.39	$98.67	-19.38%
May 01, 2025	$97.88	$100.11	+2.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.