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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
+47.5%
BEATING MARKET
TWLO +55.0% vs S&P +7.6%
Market Reaction
Did TWLO Beat Earnings? Q3 2025 Results
Twilio posted a standout third quarter for fiscal 2025, beating Wall Street expectations on both the top and bottom lines as broad-based customer growth and expanding profitability defined the period. Non-GAAP diluted EPS of $1.25 cleared the $1.07 c… Read more Twilio posted a standout third quarter for fiscal 2025, beating Wall Street expectations on both the top and bottom lines as broad-based customer growth and expanding profitability defined the period. Non-GAAP diluted EPS of $1.25 cleared the $1.07 consensus estimate by 17.00%, while revenue of $1.30 billion grew 14.7% year-over-year and came in 3.83% ahead of the $1.25 billion estimate. The headline driver was strength across customer segments, including startups, enterprises, and ISVs, which helped lift the Dollar-Based Net Expansion Rate to 109% from 105% a year ago and push Active Customer Accounts past 392,000. The company also swung to GAAP profitability, posting net income of $37.25 million compared to a net loss of $9.73 million in the year-ago quarter, while free cash flow grew to $247.52 million. Confidence in the momentum prompted management to raise full-year 2025 guidance, now calling for reported revenue growth of 12.4% to 12.6% and non-GAAP income from operations of $900 million to $910 million, with Morgan Stanley maintaining a Buy rating following the results.
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 over 320,000 year-over-year
- • Organic revenue growth of 13% year-over-year
- • Non-GAAP operating margin expansion to 18.0% from 16.1%
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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.27 | $1.50 | +17.82% | $1.41B | +4.54% |
| Q4 25 BEAT FY | $1.23 | $1.33 | +8.15% | $1.37B | +3.72% |
| 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% |
| Q2 25 BEAT | $1.05 | $1.19 | +13.26% | $1.23B | +3.54% |
| Q1 25 BEAT | $0.96 | $1.14 | +18.59% | $1.17B | +2.98% |
| Q4 24 MISS FY | $1.03 | $1.00 | -3.21% | $1.19B | +1.07% |
| FY Full Year | $3.69 | $3.67 | -0.51% | $4.46B | +0.33% |