• Twilio average operating margin for 2023 was -24.33%, a 23.42% decline from 2022.
• Twilio average operating margin for 2022 was -31.77%, a 1.53% decline from 2021.
• Twilio average operating margin for 2021 was -31.29%, a 12.39% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.