Twilio Inc (TWLO)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 42,967 | -16,868 | -88,613 | -434,709 | -571,018 | -710,218 | -996,729 | -857,300 | -1,196,087 | -1,350,819 | -1,243,632 | -1,313,159 | -1,073,370 | -979,762 | -960,929 | -865,894 | -743,202 | -616,264 | -504,426 | -398,800 |
| Revenue (ttm) | US$ in thousands | 4,729,370 | 4,583,450 | 4,458,040 | 4,339,150 | 4,239,170 | 4,194,430 | 4,153,940 | 4,102,560 | 4,051,920 | 3,957,514 | 3,826,317 | 3,644,491 | 3,401,637 | 3,127,214 | 2,841,839 | 2,547,185 | 2,254,978 | 1,986,896 | 1,761,776 | 1,544,910 |
| Pretax margin | 0.91% | -0.37% | -1.99% | -10.02% | -13.47% | -16.93% | -23.99% | -20.90% | -29.52% | -34.13% | -32.50% | -36.03% | -31.55% | -31.33% | -33.81% | -33.99% | -32.96% | -31.02% | -28.63% | -25.81% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $42,967K ÷ $4,729,370K
= 0.91%
The analysis of Twilio Inc.'s pretax margin over the specified periods reveals a consistent pattern of negative profitability, indicating ongoing pre-tax losses. From September 30, 2020, through March 31, 2025, the company's pretax margin remained predominantly in negative territory, beginning at approximately -25.81% in September 2020.
Throughout the subsequent quarters, the pretax margin exhibited a gradual deterioration, reaching a peak loss of about -36.03% in September 2022, before showing signs of improvement in later periods. Notably, the margin experienced fluctuations but generally trended toward narrowing losses, with the most significant positive movement observed in the latest data—by June 30, 2025, the pretax margin shifted into positive territory at approximately 0.91%.
This progression suggests that Twilio has been consistently operating at a pre-tax loss for over four years while showing ongoing efforts at cost management and revenue growth that, over time, have started to reduce the extent of its losses. The shift into positive territory by mid-2025 indicates potential reaching of operational breakeven or profitability levels, reflecting improved efficiencies, revenue streams, or cost controls. However, the overall trend underscores a company in transition from loss to profitability, marked by a sustained period of negative pretax margins that gradually improved toward profitability in the most recent quarter.
Peer comparison
Jun 30, 2025