Twilio (TWLO) stock
Information Technology · Systems Software
Twilio (TWLO) is a Systems Software company in the Information Technology sector, headquartered in San Francisco, California. As of October 23, 2026, TWLO closed at $261.79, a market capitalization of $40.20 billion, the 274th largest company in the S&P 500. Over the last twelve months it generated $5.57 billion in revenue (+22% year over year) and $988.61 million in free cash flow. The stock trades at 36.2x trailing earnings and 38.5x forward earnings.
- 1-year total return: +136.2% (dividends reinvested)
- 5-year return: -6.1% a year
- 52-week range: $105.00 – $308.40
- Gross margin 48.6%, operating margin 7.8%
- FI Handbook report card: B- across 10 metrics
- 53rd largest of 75 Information Technology stocks in the S&P 500
TWLO price chart
1Y price change: +136.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| TWLO | -9.9% | +84.0% | +136.2% | +70.9% | -6.1% | +20.4% | +23.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2016.
TWLO key statistics
- Market cap
- $40.2B
- #274 in S&P 500
- P/E (TTM)
- 36.2x
- Forward P/E
- 38.5x
- EPS (TTM)
- $7.23
- Revenue (TTM)
- $5.6B
- +22%
- Free cash flow
- $988.6M
- Gross margin
- 48.6%
- Operating margin
- 7.8%
- Return on equity
- 13.5%
- Dividend yield
- None
- 52-week range
- $105.00 – $308.40
- Beta
- 1.36
- Price / sales
- 7.2x
- EV / EBITDA
- 77.3x
- Debt / equity
- 0.12x
- Employees
- 5,492
TWLO report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth22.0%A
- Gross margin48.6%B
- Operating margin7.8%D
- FCF margin17.7%B
- Return on equity13.5%C
- Net debt / EBITDA-3.2xA
- Forward P/E38.5xD
- PEG ratio0.4xA
- Shareholder yield2.2%C
- Share count change / yr1.7%D
Twilio financials
Revenue went from $277.3M in fiscal 2016 to $5.1B in fiscal 2025, growing 38.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $277.3M | $399.0M | $650.1M | $1.1B | $1.8B | $2.8B | $3.8B | $4.2B | $4.5B | $5.1B |
| Gross profit | $156.8M | $216.1M | $349.2M | $608.9M | $915.7M | $1.4B | $1.8B | $2.0B | $2.3B | $2.5B |
| Operating income | -$41.3M | -$66.1M | -$115.2M | -$369.8M | -$492.9M | -$915.6M | -$1.2B | -$876.5M | -$53.7M | $157.8M |
| Net income | -$41.3M | -$63.7M | -$121.9M | -$307.1M | -$491.0M | -$949.9M | -$1.3B | -$1.0B | -$109.4M | $33.8M |
| EPS (diluted) | — | — | — | $-2.36 | $-3.35 | $-5.45 | $-6.86 | $-5.54 | $-0.66 | $0.21 |
| Free cash flow | -$4.1M | -$12.5M | $2.9M | -$31.3M | $6.8M | -$104.2M | — | — | — | — |
| Buybacks | $2.0K | $100.0K | $0 | $0 | — | $0 | $0 | $668.8M | $2.3B | $868.9M |
| Diluted shares | — | — | — | 130.1M | 146.7M | 174.2M | 183.0M | 183.3M | 165.9M | 159.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into TWLO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $38.6B and $988.6M of trailing free cash flow, Twilio needs to grow free cash flow about 27.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
TWLO analyst price targets
29 analysts' average 12-month target is $274.44 (+5% vs. $261.79). Targets range from $165.00 to $350.00. 81% rate it a buy.
TWLO earnings
Next report: October 29, 2026. Twilio has beaten EPS estimates 6 quarters in a row. Last quarter's revenue was $1.5B (+22% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $1.32 | $1.47 | +11.1% |
| Apr 30, 2026 | $1.27 | $1.50 | +18.0% |
| Feb 12, 2026 | $1.23 | $1.33 | +8.2% |
| Oct 30, 2025 | $1.07 | $1.25 | +17.0% |
| Aug 7, 2025 | $1.05 | $1.19 | +13.3% |
| May 1, 2025 | $0.96 | $1.14 | +18.5% |
| Feb 13, 2025 | $1.03 | $1.00 | -3.2% |
| Oct 30, 2024 | $0.86 | $1.02 | +19.1% |
Stocks like TWLO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MSFT Microsoft | +0.66% | +2% | $3.9T | 29.2x | Compare |
 PANW Palo Alto Networks | +7.22% | +77% | $311.3B | 951.4x | Compare |
 CRWD CrowdStrike | +8.25% | +97% | $263.7B | 4292.8x | Compare |
 NOW ServiceNow | +1.25% | -15% | $164.3B | 99.4x | Compare |
 FTNT Fortinet | +4.05% | +112% | $132.1B | 63.6x | Compare |
 GEN Gen Digital | -0.04% | -7% | $14.9B | 14.5x | Compare |
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 AAPL Apple | -0.14% | +34% | $5.1T | 39.9x | Compare |
TWLO news
- Twilio (TWLO) Stock Looks Above Fair Value As Its 422% Run Continues · Oct 24, 2026
- Twilio Inc. (TWLO) Rallies as Strong Results and Higher Guidance Boost Investor Confidence · Oct 23, 2026
- Why Twilio (TWLO) Dipped More Than Broader Market Today · Oct 22, 2026
- Brown Advisory Notes Accelerating Revenue Growth at Twilio Inc. (TWLO) · Oct 22, 2026
- Twilio (TWLO) Earnings Expected to Grow: Should You Buy? · Oct 22, 2026
TWLO stock FAQ
What is TWLO's market cap?
Twilio's market capitalization is $40.20 billion as of October 23, 2026, ranking 274th in the S&P 500.
What is TWLO's P/E ratio?
TWLO trades at a trailing price-to-earnings ratio of 36.2x and a forward P/E of 38.5x. Its median P/E over the period we track is 961.1x.
Does TWLO pay a dividend?
No. Twilio does not currently pay a regular cash dividend.
How much has TWLO stock returned?
Including reinvested dividends, TWLO returned +136.2% over one year, -6.1% a year over five years, +20.4% a year over ten years through October 23, 2026.
Is TWLO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Twilio must grow free cash flow about 28% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the TWLO price target?
29 analysts cover TWLO with an average 12-month price target of $274.44, +5% from the current price. 81% of them rate it a buy.
When does TWLO report earnings?
Twilio is expected to report earnings on October 29, 2026. It has beaten EPS estimates 6 quarters in a row.
How many employees does Twilio have?
Twilio has about 5,492 full-time employees, or $1.0 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology