TWILIO INC Revenue Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Revenue by geographic area: | (In thousands) | |||||||||||||||||||
| United States | $ | 3,246,863 | $ | 2,898,056 | $ | 2,757,470 | ||||||||||||||
| International | 1,820,357 | 1,559,980 | 1,396,475 | |||||||||||||||||
| Total | $ | 5,067,220 | $ | 4,458,036 | $ | 4,153,945 | ||||||||||||||
| Percentage of revenue by geographic area: | ||||||||||||||||||||
| United States | 64 | % | 65 | % | 66 | % | ||||||||||||||
| International | 36 | % | 35 | % | 34 | % | ||||||||||||||
| As of December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
Long-lived assets by geographic area: | (In thousands) | |||||||||||||
| United States | $ | 43,491 | $ | 65,782 | ||||||||||
| International | 15,561 | 25,676 | ||||||||||||
| Total | $ | 59,052 | $ | 91,458 | ||||||||||
Percentage of long-lived assets by geographic area: | ||||||||||||||
| United States | 74 | % | 72 | % | ||||||||||
| International | 26 | % | 28 | % | ||||||||||
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024(1) | 2023(1) | ||||||||||||||||||
| Revenue by groups of similar products: | (In thousands) | |||||||||||||||||||
| Messaging | $ | 2,878,304 | $ | 2,435,462 | $ | 2,251,308 | ||||||||||||||
| Voice | 615,655 | 543,117 | 511,728 | |||||||||||||||||
| 523,470 | 488,271 | 440,185 | ||||||||||||||||||
Segment | 303,250 | 297,696 | 295,252 | |||||||||||||||||
| Other | 746,541 | 693,490 | 655,472 | |||||||||||||||||
| Total | $ | 5,067,220 | $ | 4,458,036 | $ | 4,153,945 | ||||||||||||||
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(1) Prior year amounts were reclassified to conform to the current year presentation. In 2025, RCS Messaging and WhatsApp Messaging were reclassified into Messaging. Previously, revenue related to these products was presented within Other. As a result, $76.7 million and $66.6 million were reclassified out of Other and into Messaging for the years ended December 31, 2024 and 2023, respectively. | ||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 22, 2017 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.