SCHEDULE: FMR LLC Discloses 7.0% Stake in Twilio Class A Stock

Sentiment:

Beneficial Ownership Report 5 February 2026 1:40 PM

FMR LLC and Abigail P. Johnson reported beneficial ownership of 7.0% of Twilio Inc.'s Class A Common Stock as of December 31, 2025.

Summary

FMR LLC and Abigail P. Johnson reported beneficial ownership of 10,672,418.12 shares of Twilio Inc.'s Class A Common Stock.
This represents 7.0% of the total outstanding Class A Common Stock.
The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Twilio Inc.
FMR LLC holds sole voting power over 9,997,030.12 shares and sole dispositive power over 10,672,418.12 shares.
Abigail P. Johnson holds sole dispositive power over 10,672,418.12 shares.
Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a large, reputable institutional investor maintaining a significant stake suggests continued confidence in Twilio's value proposition, without indicating any intent to influence control.

Positives

A significant institutional investor, FMR LLC, maintains a substantial stake in Twilio, indicating continued confidence in the company's long-term prospects.
The acquisition of shares was stated to be in the ordinary course of business, not for control, suggesting a passive investment strategy.

Future Outlook

This filing does not contain forward-looking statements or guidance from Twilio Inc. It solely reports beneficial ownership by FMR LLC and Abigail P. Johnson.

Management Comments

The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

StockSavvy.ai notes that institutional filings like this Schedule 13G provide transparency into significant ownership stakes, which can influence market perception. A substantial holding by a major asset manager like FMR LLC often signals a long-term investment perspective, potentially bolstering investor confidence in Twilio's market position within the cloud communications and customer engagement platform industry.

Comparison to Industry Standards

This filing is a standard regulatory disclosure for beneficial ownership exceeding 5% and does not contain performance metrics for direct comparison to industry standards or competitors like Vonage (now Ericsson), Sinch, or Bandwidth Inc. The 7.0% stake held by FMR LLC is a significant institutional position, comparable to other large asset managers holding substantial, but non-controlling, stakes in publicly traded technology companies.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Ownership Structure Disclosure	Disclosure of the Johnson family's predominant ownership (49% voting power) of Series B voting common shares of FMR LLC and their voting agreement, which may deem them a controlling group with respect to FMR LLC under the Investment Company Act of 1940.	NA	Provides transparency into the ultimate control structure of the reporting entity, FMR LLC, rather than Twilio Inc. itself.

Stakeholder Impact

Shareholders: May view the significant institutional ownership by FMR LLC as a positive indicator of long-term value, potentially increasing investor confidence.
Management: Provides transparency regarding a major shareholder's position, which is a standard part of corporate oversight.

Next Steps

FMR LLC and Abigail P. Johnson will continue to monitor their investment in Twilio Inc.
Future Schedule 13G/A filings will be made if there are material changes to their beneficial ownership (e.g., crossing a 1% threshold up or down, or changing intent).

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC where Power of Attorney was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney was incorporated by reference.
2025-12-31	Date of event which requires filing of this statement (beneficial ownership calculation date).
2026-02-04	Date of filing of this Schedule 13G Amendment No. 1.

Recommendation

hold

This Schedule 13G filing is a routine disclosure of a significant, passive institutional ownership stake by FMR LLC in Twilio Inc. It does not provide new operational or financial performance data that would warrant a change in investment thesis. The continued holding by a major institutional investor suggests a stable, long-term view, supporting a 'hold' recommendation for existing investors.

Keywords

Twilio Inc., TWLO, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Fidelity

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