Q4 25 EPS
$1.33
BEAT +8.13%
Est. $1.23
Q4 25 Revenue
$1.37B
BEAT +3.71%
Est. $1.32B
vs S&P Since Q4 25
+64.1%
BEATING MARKET
TWLO +69.8% vs S&P +5.7%
Full Year 2025 Results
FY 25 EPS
$4.89
BEAT +2.04%
Est. $4.79
FY 25 Revenue
$5.07B
BEAT +0.97%
Est. $5.02B
Market Reaction
Did TWLO Beat Earnings? Q4 2025 Results
Twilio closed out fiscal 2025 with a notably strong fourth quarter, posting non-GAAP diluted EPS of $1.33 against a consensus estimate of $1.23, an 8.13% beat, while revenue of $1.37 billion topped expectations by 3.71% and grew 14.3% year-over-year.… Read more Twilio closed out fiscal 2025 with a notably strong fourth quarter, posting non-GAAP diluted EPS of $1.33 against a consensus estimate of $1.23, an 8.13% beat, while revenue of $1.37 billion topped expectations by 3.71% and grew 14.3% year-over-year. The results were driven by a continued financial transformation, with non-GAAP operating income expanding to $255.57 million from $197.05 million a year earlier and free cash flow surging to $256.10 million, reflecting the company's deepening margin discipline even as it added customers, with active accounts growing to more than 402,000 from 325,000. A GAAP net loss of $45.85 million for the quarter reflected an $80.63 million impairment of an equity method investment, an item that clouded an otherwise clean operating story. Moody's upgraded Twilio's credit rating around the release, adding a further layer of institutional confidence. Looking ahead, the company guided Q1 2026 revenue of $1.33 billion to $1.34 billion and full-year 2026 free cash flow of $1.04 billion to $1.06 billion, framing itself as foundational AI infrastructure for autonomous agents.
Key Takeaways
- • 14% year-over-year reported revenue growth and 12% organic revenue growth in Q4
- • Dollar-Based Net Expansion Rate improved to 109% in Q4 from 106% a year ago
- • Active Customer Accounts grew to over 402,000 from over 325,000 year-over-year
- • Non-GAAP operating margin expanded to 18.7% from 16.5% year-over-year in Q4
- • Free cash flow margin reached 19% in Q4, up from 8% a year ago
TWLO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
TWLO Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was one of the most balanced and successful years of execution in Twilio's history and has fundamentally transformed our financial profile and innovation velocity.”
— Khozema Shipchandler, Q4 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% |