Q4 25 EPS
$1.33
BEAT +8.15%
Est. $1.23
Q4 25 Revenue
$1.37B
BEAT +3.72%
Est. $1.32B
vs S&P Since Q4 25
+66.9%
BEATING MARKET
TWLO +74.5% vs S&P +7.6%
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 on a strong note, posting Q4 revenue of $1.37 billion, up 14.3% year-over-year and ahead of the $1.32 billion consensus by 3.72%, while non-GAAP EPS of $1.33 beat the $1.23 estimate by 8.15%, reflecting the company's acc… Read more Twilio closed out fiscal 2025 on a strong note, posting Q4 revenue of $1.37 billion, up 14.3% year-over-year and ahead of the $1.32 billion consensus by 3.72%, while non-GAAP EPS of $1.33 beat the $1.23 estimate by 8.15%, reflecting the company's accelerating shift toward profitability. The standout driver was margin expansion across the board: non-GAAP operating income climbed to $255.57 million from $197.05 million a year ago, and free cash flow nearly tripled to $256.10 million, underscoring how Twilio's leaner cost structure is translating into cash generation. Customer momentum added to the picture, with active accounts growing to over 402,000 from 325,000, and the dollar-based net expansion rate improving to 109%. A Moody's credit rating upgrade following the results added an additional layer of market validation to the turnaround narrative. Looking ahead, Twilio guided Q1 2026 revenue to $1.33 to $1.34 billion and full-year 2026 non-GAAP operating income to $1.04 to $1.06 billion, framing the company as foundational infrastructure for the emerging AI agent economy.
Key Takeaways
- • 14% reported revenue growth and 12% organic revenue growth in Q4
- • Dollar-Based Net Expansion Rate improved to 109% from 106% in Q4
- • Active Customer Accounts grew to over 402,000 from 325,000 year-over-year
- • Non-GAAP operating margin expanded to 18.7% from 16.5% in Q4
- • Free cash flow margin of 19% in Q4, up from 8% a year ago
- • A2P carrier fee revenue contributed to reported growth above organic growth
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
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% |