How much of Twilio's $2B authorization has been completed?

As of June 30, 2026, Twilio has completed approximately $1.2 billion (60%) of the $2.0 billion authorization, leaving $826 million available for future repurchases. The program was authorized by the Board in January 2025 and expires December 31, 2027.

At what pace is Twilio repurchasing shares?

In Q2 2026, Twilio repurchased $66.0 million in aggregate value. Over approximately 18 months since authorization, the company has retired $1.2 billion, suggesting an average quarterly pace of around $65–70 million, subject to market conditions and business performance.

How does the buyback relate to Twilio's free cash flow?

Twilio generated $352.6 million in free cash flow in Q2 2026 alone, and raised its full-year 2026 free cash flow guidance to $1.135–$1.155 billion. This robust cash generation provides ample capacity to fund share repurchases while maintaining balance sheet strength and investing in operations.

What execution mechanism does Twilio use for repurchases?

The filing does not specify the exact execution method. Buybacks are typically executed via Rule 10b-18 open-market purchases, subject to market conditions and Twilio's trading blackout periods.

When does the current authorization expire?

The $2.0 billion repurchase program authorized in January 2025 is set to expire on December 31, 2027. At the current execution pace, Twilio is expected to substantially exhaust the authorization within this window.

Does the buyback impact Twilio's earnings guidance?

Twilio's Q3 2026 non-GAAP diluted EPS guidance is $1.42–$1.47 based on 160 million non-GAAP weighted average diluted shares. The buyback program provides modest per-share accretion over time, but the company's raised full-year revenue and profitability guidance reflects operational gains independent of share-count effects.

TWLO 8-K Filed 2026-08-06 New authorization

Twilio repurchased $66M in Q2 under $2B program

Company on pace to exhaust $2B authorization by end of 2027; $826M remains available

Authorization$2.0B

Remaining$826M

MechanismOpen-market purchases

What the filing says

Twilio repurchased $66.0 million in aggregate value of Class A common stock during the second quarter of 2026, continuing execution of its January 2025 share repurchase program. The company has now completed approximately $1.2 billion of the originally authorized $2.0 billion program, leaving $826.0 million available for future repurchases as of June 30, 2026.

The Board of Directors authorized the program in January 2025, with an expiration date of December 31, 2027. The repurchases are executed through open-market purchases, subject to market conditions and other business considerations.

Q2 2026 marked a strong operational quarter for Twilio, with revenue of $1.50 billion (up 22% year-over-year, 17% organic) and record free cash flow of $352.6 million. The company raised full-year 2026 guidance, projecting organic revenue growth of 13% to 13.5% and free cash flow of $1.135 to $1.155 billion, providing a steady cash generation base to fund ongoing capital returns.

execution

In January 2025, Twilio's Board of Directors authorized a share repurchase program pursuant to which Twilio may repurchase up to $2.0 billion in aggregate value of its outstanding Class A common stock. During the second quarter of 2026, Twilio repurchased $66.0 million in aggregate value of shares of common stock. To date, Twilio has completed approximately $1.2 billion of aggregate repurchases and has $826.0 million of the originally authorized amount available for future repurchases as of June 30, 2026.</source_quote> <parameter name="what_this_means">Twilio's Q2 execution of $66 million in repurchases represents a measured pace toward the $2 billion authorization endpoint in late 2027. Having retired $1.2 billion (60% of the program) in roughly 18 months, the company is on track to substantially exhaust the authorization within the stated window. With free cash flow of $352.6 million in Q2 alone and raised full-year guidance to $1.135–$1.155 billion, Twilio has ample liquidity to fund both the remaining $826 million in repurchases and operational needs. At current execution rates and with a ~160 million diluted share base, the program implies modest per-share accretion over time but reflects management confidence in business fundamentals. — TWILIO INC 8-K filing · View on SEC EDGAR →

What this means

Frequently asked questions

How much of Twilio's $2B authorization has been completed?: As of June 30, 2026, Twilio has completed approximately $1.2 billion (60%) of the $2.0 billion authorization, leaving $826 million available for future repurchases. The program was authorized by the Board in January 2025 and expires December 31, 2027.
At what pace is Twilio repurchasing shares?: In Q2 2026, Twilio repurchased $66.0 million in aggregate value. Over approximately 18 months since authorization, the company has retired $1.2 billion, suggesting an average quarterly pace of around $65–70 million, subject to market conditions and business performance.
How does the buyback relate to Twilio's free cash flow?: Twilio generated $352.6 million in free cash flow in Q2 2026 alone, and raised its full-year 2026 free cash flow guidance to $1.135–$1.155 billion. This robust cash generation provides ample capacity to fund share repurchases while maintaining balance sheet strength and investing in operations.
What execution mechanism does Twilio use for repurchases?: The filing does not specify the exact execution method. Buybacks are typically executed via Rule 10b-18 open-market purchases, subject to market conditions and Twilio's trading blackout periods.
When does the current authorization expire?: The $2.0 billion repurchase program authorized in January 2025 is set to expire on December 31, 2027. At the current execution pace, Twilio is expected to substantially exhaust the authorization within this window.
Does the buyback impact Twilio's earnings guidance?: Twilio's Q3 2026 non-GAAP diluted EPS guidance is $1.42–$1.47 based on 160 million non-GAAP weighted average diluted shares. The buyback program provides modest per-share accretion over time, but the company's raised full-year revenue and profitability guidance reflects operational gains independent of share-count effects.

execution mega-cap tech-sector rule-10b-18 Q2-2026 cash-generation

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.