• Twilio average return on tangible equity for 2024 was -12.65, a 52.1% decline from 2023.
• Twilio average return on tangible equity for 2023 was -26.41, a 6.06% decline from 2022.
• Twilio average return on tangible equity for 2022 was -24.9, a 28.75% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.