Q1 26 EPS
$1.50
Q1 26 Revenue
$1.41B
BEAT +4.92%
Est. $1.34B
vs S&P Since Q1 26
+30.1%
BEATING MARKET
TWLO +30.1% vs S&P +0.0%
Market Reaction
Did TWLO Beat Earnings? Q1 2026 Results
Twilio posted a standout first quarter for fiscal 2026, with revenue of $1.41 billion rising 20% year-over-year and beating the $1.34 billion consensus by 4.92%, while non-GAAP diluted EPS of $1.50 cleared the $1.27 estimate by 18.02%, reflecting a 3… Read more Twilio posted a standout first quarter for fiscal 2026, with revenue of $1.41 billion rising 20% year-over-year and beating the $1.34 billion consensus by 4.92%, while non-GAAP diluted EPS of $1.50 cleared the $1.27 estimate by 18.02%, reflecting a 32% increase from $1.14 a year ago. The results marked the company's highest revenue and gross profit growth rates in over three years, driven by accelerating customer expansion, as the Dollar-Based Net Expansion Rate climbed to 114% from 107% a year ago, signaling that existing customers are spending meaningfully more on the platform. GAAP income from operations surged 366% year-over-year to $107.67 million, with non-GAAP operating margin expanding to 20% from 18%. CEO Khozema Shipchandler credited the quarter to improved innovation velocity and go-to-market efficiency. Encouraged by the momentum, Twilio raised its full-year 2026 reported revenue growth outlook to 14% to 15%, up from 11.5% to 12.5%, and lifted non-GAAP operating income guidance to $1.08 billion to $1.10 billion.
Key Takeaways
- • 20% reported revenue growth and 16% organic revenue growth year-over-year
- • Dollar-Based Net Expansion Rate improved to 114% from 107% a year ago
- • Non-GAAP operating margin expanded to 20% from 18% year-over-year
- • GAAP income from operations grew 366% year-over-year
- • Stock-based compensation as a percentage of revenue declined to 10% from 12%
- • Multi-year transformation of innovation velocity, GTM efficiency, and financial rigor
TWLO Forward Guidance & Outlook
For Q2 2026, Twilio expects revenue of $1.420–$1.430 billion (15.5%–16.5% reported growth, 10%–11% organic growth YoY), non-GAAP income from operations of $250–$260 million, and non-GAAP diluted EPS of $1.27–$1.32 on 157 million diluted shares. For full-year 2026, Twilio raised its reported revenue growth guidance to 14%–15% (from 11.5%–12.5%), organic revenue growth to 9.5%–10.5% (from 8%–9%), non-GAAP income from operations to $1.08–$1.10 billion (from $1.04–$1.06 billion), and free cash flow to $1.08–$1.10 billion (from $1.04–$1.06 billion). Non-GAAP gross profit growth is expected to be similar to organic revenue growth.
TWLO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
TWLO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q1 was a milestone quarter for Twilio, marked by our highest revenue and gross profit growth rates in more than three years.”
— Khozema Shipchandler, Q1 2026 Earnings Press Release
TWLO Earnings Trends
TWLO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TWLO EPS Trend
Earnings per share: estimate vs actual
TWLO Revenue Trend
Quarterly revenue: estimate vs actual
TWLO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.50 | — | $1.41B | +4.92% |
| Q4 25 BEAT FY | $1.23 | $1.33 | +8.13% | $1.37B | +3.71% |
| FY Full Year | $4.79 | $4.89 | +2.04% | $5.07B | +0.97% |
| Q3 25 BEAT | $1.07 | $1.25 | +17.00% | $1.30B | +3.83% |
| Q1 25 BEAT | $0.96 | $1.14 | +18.59% | $1.17B | +2.98% |
| Q4 24 MISS FY | $1.03 | $1.00 | -2.91% | $1.19B | +1.26% |
| FY Full Year | $3.69 | $3.67 | -0.51% | $4.46B | +0.33% |