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TWLO
Twilio Inc.Stock · Technology
$249.52+$2.90 (+1.18%)as of market close, Aug 13, 2026
☾ After hours:$249.42+0.00%3:59 PM ET
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How Twilio makes money

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How does Twilio make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Twilio Inc. · FY2025 · year ended 2025-12-31
Revenue$5.1BGross profit$2.5B · 49%Cost of revenue$2.6B · 51%Operating income$158M · 3%Operating expenses$2.3B · 46%R&D$1.0B · 20%SG&A$411M · 8%Selling & marketing$873M · 17%Pre-tax income$55M · 1%Other expense$103M · 2%Net income$34M · 1%Income tax$21M · 0%Messaging$2.9B · 57%Other Communications$747M · 15%Programmable Voice$616M · 12%Email$523M · 10%Segment$303M · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.