Twilio Inc. (TWLO)财务
NYSE · Technology · Software - Infrastructure · 员工5,587人 · CEO Khozema Z. Shipchandler
- 股价
- $205.03 -15.24%
- 市值
- $315亿
- 企业价值
- $315亿
- 最近财报
- Q3 '26 2026-10-30提交
- 下次财报
- 2027-02-11 EPS预期 $1.54
营收(TTM)$58.3亿+19.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)7.1%+4.8 百分点 对比去年同期营业利润 $4.15亿
净利润(TTM)$12.7亿+1,793.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$12.3亿+57.3% 对比去年同期资本支出 -$977万
稀释EPS(TTM)$7.95+1,839.0% 对比去年同期最近4个季度之和
净现金$18.3亿+34.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $315亿 EV $315亿
- 营收
- $58.3亿 过去12个月
- 营收增速
- +20% FY2026年一致预期
- 净利润率
- 21.8% 净利润 / 营收,TTM
- P/E
- 24.6× 预期 33.5×(FY2026)
- P/S
- 5.4× 股价 / 营收,TTM
- EV / EBITDA
- 74.9× TTM
- 自由现金流
- $12.3亿 过去12个月
- 净利润
- $12.7亿 过去12个月
- 营收预期
- $60.6亿 FY2026年一致预期
- 盈利
- 2027-02-11 营收预期 $16亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期2.9%,EPS 超预期12.2%营收$15.6亿,预期$15.2亿(+2.9%);EPS $1.65,预期$1.47(+12.2%)。
- 营收增长加速:同比19.9%Q3 '26营收$15.6亿,此前四个季度的平均值为17.8%。
- 营业利润率7.1%(TTM),较去年同期+4.8 百分点营收增长19.1%,营业利润增长261.4%。
- 税前利润的48.5%被营业外亏损吞噬税前利润$2.79亿,营业利润$4.15亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.2%(去年为1.2%)最近4个季度投入$977万(同比-83.0%)。自由现金流$12.3亿,相当于净利润的96.8%。
- 股东回报$6.47亿 = 自由现金流的52.5%回购$6.47亿(去年为$10.9亿),股息$0,股权激励$5.86亿(TTM)。
- 稀释股数一年内增加1.6%Q3 '26稀释股数1.62亿,一年前为1.59亿。
- 净现金 $18.3亿现金 + 短期投资 $28.9亿,含租赁债务 $10.6亿;一年前净现金 $13.6亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $15.6亿 | $13亿 | +19.9% |
| 毛利率 | 48.8% | 48.6% | +0.2 百分点 |
| 营业利润 | $1.49亿 | $4090万 | +263.0% |
| 营业利润率 | 9.5% | 3.1% | +6.4 百分点 |
| 净利润 | $1.61亿 | $3720万 | +332.7% |
| 稀释EPS | $1.00 | $0.23 | +334.8% |
| 经营现金流 | $3.89亿 | $2.64亿 | +47.7% |
| 资本支出 | $1950万 | $1600万 | +21.7% |
| 自由现金流 | $3.7亿 | $2.48亿 | +49.3% |
| R&D | $2.8亿 | $2.62亿 | +6.9% |
| 股权激励费用 | $1.54亿 | $1.58亿 | -2.7% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $15.6亿 | $15.2亿 | +2.9% |
| EPS(一致预期口径) | $1.65 | $1.47 | +12.2% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Communications Segment | $11.5亿 | +14.5% | 100.0% | $44.3亿 | – |
按地区划分的营收
占总额比例| 分部 | Q2 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $9.97亿 | +20.1% | 64.0% | $37.4亿 | +19.1% | |
| Non-US | $5.62亿 | +19.7% | 36.0% | $20.9亿 | +19.1% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '24分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Communications Segment | – | – | $2.68亿 | – | – | – | – |
| Twilio Segment | – | – | -$1580万 | – | – | – | – |
| Corporate (unallocated) | – | – | -$6960万 | – | – | – | – |
| Material Reconciling Items | – | – | $1.82亿 | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $12.2亿
- 资本支出
- $977万
- 股票回购
- -$6.47亿
- 股息
- $0
- 收购
- -$6220万
- 债务净发行
- -$3580万
- 股权激励费用
- $5.86亿
- 自由现金流
- $12.3亿
- 股东回报 / FCF
- 52.5%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 24.6× | 646.5× 5年中的1年 | 646.5× – 646.5× |
| EV / EBITDA | 74.9× | 120.0× 5年中的2年 | 81.3× – 158.7× |
| EV / 营收 | 5.4× | 6.1× | 2.5× – 16.1× |
| 股价 / FCF | 25.6× | 28.9× 5年中的3年 | 21.1× – 38.3× |
| 股价 / 净资产 | 3.5× | 2.3× | 0.8× – 4.2× |
| FCF收益率 | 3.9% | 1.4% | -3.7% – 4.7% |
| 投入资本回报率 | 4.0% | -3.8% | -8.7% – 1.2% |
| 净资产收益率 | 15.1% | -6.4% | -11.9% – 0.4% |
分析师
一致目标价 $271.80 (+32.6%)
区间 $211.00 – $330.00 · 评级 Buy
强烈买入0
买入40
持有10
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $60.6亿 | +19.6% | $6.12 | +2,815.1% | 33.5× | 15 |
| FY2027 | $67.7亿 | +11.7% | $6.81 | +11.3% | 30.1× | 17 |
| FY2028 | $74.8亿 | +10.6% | $7.73 | +13.6% | 26.5× | 9 |
| FY2029 | $78.2亿 | +4.5% | $7.89 | +2.0% | 26.0× | 3 |
| FY2030 | $83.3亿 | +6.5% | $8.49 | +7.6% | 24.1× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Twilio Inc.在近期10-Q / 10-K文件中标记的全部253项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $6160万 | $4030万 | +52.8% | $8510万 | $1亿 | -15.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $7.55亿 | $6.13亿 | +23.1% | $6.37亿 | $5.89亿 | +8.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2560万 | $2150万 | +19.1% | $2150万 | $2750万 | -21.8% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $434万 | $268万 | +62.2% | $823万 | $3540万 | -76.7% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $182万 | $329万 | -44.8% | $1410万 | $2290万 | -38.4% |
| Accrued Bonuses, Current | $1570万 | $1670万 | -5.9% | $2190万 | $2160万 | +1.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1650万 | $2260万 | -173.1% | $1570万 | -$130万 | +1,304.3% |
| Additional Paid in Capital, Common Stock | $167亿 | $160亿 | +4.3% | $161亿 | $155亿 | +4.3% |
| Advertising Expense | – | – | – | $3980万 | $4870万 | -18.3% |
| Amortization of Intangible Assets | $880万 | $2690万 | -67.3% | $1.08亿 | $1.12亿 | -3.3% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 46.4万 | 422万 | -89.0% | 116万 | 2030万 | -94.3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.6亿 | $1.64亿 | -2.5% | $6.19亿 | $6.34亿 | -2.3% |
| Asset Impairment Charges | $0 | $0 | – | $0 | $0 | – |
| Assets | $111亿 | $97.1亿 | +14.4% | $97.7亿 | $98.7亿 | -1.0% |
| Assets, Current | $39.9亿 | $34.8亿 | +14.6% | $35.8亿 | $34.5亿 | +3.8% |
| Assets, Fair Value Disclosure | $26亿 | $22.4亿 | +15.8% | $22.8亿 | $21.9亿 | +4.2% |
| Capitalized Computer Software, Additions | $2330万2026-03-31 | $1620万 | +43.8% | $7250万 | $7250万 | 0.0% |
| Capitalized Contract Cost, Amortization | $1540万 | $1850万 | -17.0% | $7450万 | $7630万 | -2.4% |
| Capitalized Contract Cost, Net | $1.48亿2025-12-31 | $1.66亿 | -11.0% | $1.48亿 | $1.66亿 | -11.0% |
| Cash and Cash Equivalents, at Carrying Value | $10.6亿 | $7.35亿 | +44.5% | $6.82亿 | $4.21亿 | +62.0% |
| Cash and Cash Equivalents, Fair Value Disclosure | $7.67亿 | $5.2亿 | +47.7% | $4.92亿 | $2.25亿 | +118.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $10.6亿 | $7.35亿 | +44.5% | $6.83亿 | $4.31亿 | +58.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.38亿 | -$2.46亿 | +196.9% | $2.51亿 | -$2.24亿 | +211.9% |
| Common Stock, Capital Shares Reserved for Future Issuance | 3410万 | 5620万 | -39.3% | 5420万 | 5310万 | +2.2% |
| Common Stock, Par or Stated Value Per Share | $0.002025-12-31 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 10亿2025-12-31 | 10亿 | 0.0% | 10亿 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 1.52亿2025-12-31 | 1.53亿 | -0.1% | 1.52亿 | 1.53亿 | -0.1% |
| Common Stock, Shares, Outstanding | 1.52亿2025-12-31 | 1.53亿 | -0.1% | 1.52亿 | 1.53亿 | -0.1% |
| Common Stock, Value, Issued | $15.5万 | $15.2万 | +2.0% | $15.2万 | $15.3万 | -0.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.5亿 | $3510万 | +326.6% | $5080万 | -$1.11亿 | +145.6% |
| Contract with Customer, Liability | $1.57亿 | $1.59亿 | -1.4% | $1.59亿 | $1.56亿 | +1.9% |
| Contract with Customer, Liability, Current | $1.57亿 | $1.59亿 | -1.3% | $1.59亿 | $1.56亿 | +1.9% |
| Contract with Customer, Liability, Revenue Recognized | $2030万 | $2060万 | -1.5% | $1.34亿 | $1.21亿 | +11.1% |
| Conversion of Stock, Amount Converted | – | – | – | $02023-12-31 | – | – |
| Cost of Revenue | $7.99亿 | $6.68亿 | +19.6% | $25.9亿 | $21.8亿 | +18.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $34.1万 | $562万 | -93.9% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2070万 | $1490万 | +39.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $2250万 | $2280万 | -1.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $152万 | $231万 | -34.3% |
| Debt Securities, Available-for-sale | $18.3亿 | $17.2亿 | +6.3% | $17.8亿 | $19.6亿 | -9.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $26.6万 | $1120万 | -97.6% | $1060万 | $769万 | +37.3% |
| Debt Securities, Available-for-sale, Amortized Cost | $18.5亿 | $17.1亿 | +8.1% | $17.7亿 | $19.5亿 | -9.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $3.2万 | $5000 | +540.0% | $1000 | $61.2万 | -99.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $1940万 | $7.5万 | +25,756.0% | $9.3万 | $189万 | -95.1% |
| Debt Securities, Available-for-sale, Current | $18.3亿 | $17.2亿 | +6.1% | $17.9亿 | $19.6亿 | -8.9% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost | $6.95亿 | $5.89亿 | +18.0% | $5.88亿 | $6.84亿 | -14.1% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value | $6.94亿 | $5.91亿 | +17.3% | $5.91亿 | $6.85亿 | -13.7% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $9.5万 | $19.6万 | -51.5% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$136万 | -$233万 | +41.7% |
| Deferred Income Tax Assets, Net | $10.6亿 | – | – | – | – | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$129万 | -$198万 | +35.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$2.7万 | $14.9万 | -118.1% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $1.36亿2025-12-31 | $1.36亿 | 0.0% | $1.36亿 | $1.36亿 | 0.0% |
| Deferred Tax Assets, Gross | $16.9亿2025-12-31 | $16.5亿 | +2.3% | $16.9亿 | $16.5亿 | +2.3% |
| Deferred Tax Assets, in Process Research and Development | $2.3亿2025-12-31 | $2.99亿 | -23.0% | $2.3亿 | $2.99亿 | -23.0% |
| Deferred Tax Assets, Investments | $1.26亿2025-12-31 | $8120万 | +55.5% | $1.26亿 | $8120万 | +55.5% |
| Deferred Tax Assets, Net | $1690万2025-12-31 | $1410万 | +19.9% | $1690万 | $1410万 | +19.9% |
| Deferred Tax Assets, Net of Valuation Allowance | $1.36亿2025-12-31 | $1.64亿 | -17.4% | $1.36亿 | $1.64亿 | -17.4% |
| Deferred Tax Assets, Operating Loss Carryforwards | $8.18亿2025-12-31 | $8.1亿 | +1.0% | $8.18亿 | $8.1亿 | +1.0% |
| Deferred Tax Assets, Other | $899万2025-12-31 | $1810万 | -50.4% | $899万 | $1810万 | -50.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02