Twilio Inc. (TWLO) Stock

Twilio Inc. (TWLO) is a Technology stock trading at $206.66 (as of 2026-07-17), with a market capitalization of $31.36B and a trailing P/E of 301.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Twilio Inc., together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications. The company was incorporated in 2008 and is headquartered in San Francisco, California.

Understand Twilio Inc.: how it makes money

Twilio provides a cloud communications platform (APIs for voice, messaging, video, and email) that lets developers build and run customer engagement inside software applications, and it makes money by selling communications and related application capabilities to customers.

Twilio's profit engine is that its largest revenue stream, Communications, shows strong expansion as measured by the Dollar-Based Net Expansion Rate - Communications (114%), so customer usage and spend per customer can rise and support operating performance.

Revenue by segment (latest quarter)
Comms$1.1B
Data Apps$0.1B
Other$0.2B

Business quality (Mixed): Net expansion in Communications is a key strength, but revenue is still heavily weighted to Communications and overall profitability is modest (operating margin 7.7%), so any slowdown in expansion can matter.

Valuation: Trades at 340× trailing earnings · $34B market cap.

Bull case

  • Communications is the core business and is expanding: Communications Revenue is $1.15B, and the Dollar-Based Net Expansion Rate - Communications is 114%.
  • The platform can generate operating profits: Gross margin is 48.6% and operating margin is 7.7% for the latest quarter.

Bear case

  • Smaller and less dynamic contribution outside Communications: Data and Applications Revenue is $0.07B, and the related Dollar-Based Net Expansion Rate - Data and Applications is 94%.
  • Profitability cushion appears limited: Operating margin is 7.7%, so adverse changes in customer spending, mix, or costs could pressure earnings.
Valuation — source: SEC EDGAR (first-party)
Price$206.66
Market Cap$31.36B
P/E Ratio301.7
EV / EBITDA75.3
Price / Book4.03
Price / Sales5.92
DCF Value (model)$105.87
DCF Upside vs Price-48.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.07B
Net Margin0.7%
Revenue Growth (YoY)20.0%
EPS Growth (YoY)353.8%
Financial Health — source: SEC EDGAR
Altman Z-Score9.34 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E301.7
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
vs Sector770.0%
vs Industry882.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.20B)
Institutional Holders Tracked10
Congressional Trades (recent)9
Company
SectorTechnology
IndustryBusiness Services
CEOKhozema Z. Shipchandler
Employees5,502
CountryUS
IPO Date2016-06-23

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TWLO earnings history · TWLO institutional & insider holders · TWLO KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.