Q3 25 EPS
$1.25
BEAT +17.00%
Est. $1.07
Q3 25 Revenue
$1.30B
BEAT +3.83%
Est. $1.25B
vs S&P Since Q3 25
+45.9%
BEATING MARKET
TWLO +51.5% vs S&P +5.7%
Market Reaction
Did TWLO Beat Earnings? Q3 2025 Results
Twilio closed out Q3 2025 with a record-setting quarter, delivering non-GAAP diluted EPS of $1.25 against a consensus estimate of $1.07, a 17.00% beat, while revenue of $1.30 billion topped expectations by 3.83% and grew 14.7% year-over-year. The hea… Read more Twilio closed out Q3 2025 with a record-setting quarter, delivering non-GAAP diluted EPS of $1.25 against a consensus estimate of $1.07, a 17.00% beat, while revenue of $1.30 billion topped expectations by 3.83% and grew 14.7% year-over-year. The headline driver behind the outperformance was broad-based customer growth, with active accounts surging to over 392,000 from 320,000 a year earlier, and a Dollar-Based Net Expansion Rate improving to 109%, signaling that existing customers are spending meaningfully more on the platform. The company also swung to GAAP operating profitability, posting $40.95 million in income from operations, a $46.00 million swing from the year-ago loss, while free cash flow reached $247.52 million at a 19% margin. Morgan Stanley maintained its Buy rating following the results, reflecting growing institutional confidence in Twilio's trajectory. Looking ahead, the company raised its full-year 2025 revenue growth guidance to 12.4%-12.6% and lifted non-GAAP operating income guidance to $900-$910 million, underscoring management's confidence in sustained demand across its communications platform.
Key Takeaways
- • Broad-based strength across customer segments including startups, enterprises, and ISVs
- • Dollar-Based Net Expansion Rate improved to 109% from 105% year-over-year
- • Active Customer Accounts grew to over 392,000 from 320,000 year-over-year
- • Organic revenue growth of 13% year-over-year
- • Non-GAAP operating margin expansion to 18.0% from 16.1% year-over-year
TWLO YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
TWLO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Twilio saw another record quarter of revenue and non-GAAP income from operations and as a result, we've raised our revenue, profitability and free cash flow targets for the full year.”
— Khozema Shipchandler, Q3 2025 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% |