Key Highlights

  • Twilio led the group with reported Revenue growth of 20%, or 16% on an organic basis.
  • OneSpan grew revenue 12% to $63.9 million, and Asure Software grew 10% to $40.0 million.
  • GoDaddy grew revenue 6.0% to $1,341.8 million while Operating Income rose 22.2%.
  • SPS Commerce grew revenue 4% to $197.6 million and reached a 36% adjusted EBITDA margin.
  • Only Twilio gave a dated outlook among the five, raising its full-year free Cash Flow range.

Which Software and Cloud Companies Reported the Fastest Revenue Growth?

Twilio (NYSE:TWLO) reported third quarter 2026 revenue of $1.56 billion, up 20% year over year. OneSpan (NASDAQ:OSPN) followed at $63.9 million, up 12%, then Asure Software (NASDAQ:ASUR) at $40.0 million, up 10%, GoDaddy (NYSE:GDDY) at $1,341.8 million, up 6.0%, and SPS Commerce (NASDAQ:SPSC) at $197.6 million, up 4%.

The rank criterion is year over year revenue growth as each company stated it in its own report. All five figures are reported rather than organic, so they share a basis, though Twilio's separate 16% organic figure is noted below. Reporting dates ran from October 29, 2026 to October 30, 2026, and company size varies widely, so a higher rank does not mean a larger business.

1. Twilio: How Much of the 20% Revenue Growth Was Organic?

Twilio reported its results on October 29, 2026. Revenue of $1.56 billion rose 20% reported and 16% organic. GAAP income from operations was $148.6 million, up 263%, and non-GAAP income from operations was $325.7 million, up 39%.

GAAP diluted EPS was $1.00 against $0.23, while non-GAAP diluted EPS was $1.65 against $1.25. Free cash flow was $369.6 million, compared with $247.5 million a year earlier, and the Dollar-Based Net Expansion Rate was 114%, up from 109%. The company repurchased $127.2 million of Class A stock in the quarter, and about $700 million remains available under its $2.0 billion program through December 31, 2027. Cash and cash equivalents were $1.06 billion at September 30, 2026.

2. OneSpan: Is Subscription Growth Carrying the 12% Rise?

OneSpan reported revenue of $63.9 million, up from $57.1 million. Cybersecurity revenue rose about 11% to $44.9 million, and Digital Agreements revenue rose 14% to $19.0 million. Annual Recurring Revenue was $195.5 million, up 9%, with net retention at 105% versus 103%.

Gross Margin reached 76% from 74%, and Net Income was $7.8 million, or $0.20 per diluted share, against $6.5 million, or $0.17. Nine-month revenue rose 6% to $190.3 million, a slower pace than the quarter, and nine-month net income was $26.1 million against $29.4 million. Cash and cash equivalents were $51.4 million. A $5.0 million revolver balance was repaid on October 6, 2026.

3. Asure Software: How Did a $5.4 Million Loss Shrink to $0.6 Million?

Asure Software reported revenue of $40.0 million, up 10% from $36.3 million, with recurring revenue up 16% to $36.9 million on Payroll solutions. Professional services, hardware and other revenue fell 29% to $3.1 million.

Gross margin widened to 70% from 65%, operating expenses rose only about 1%, and income from operations was $515 thousand against a $3.5 million loss. The net loss was $604 thousand, or $0.02 per share, compared with $5.4 million, or $0.19. On October 15, 2026, the company signed a Credit agreement with up to $115 million of capacity.

4. GoDaddy: What Lifted Operating Income 22.2% on 6.0% Revenue Growth?

GoDaddy reported revenue of $1,341.8 million, with operating income up 22.2% to $362.5 million and the Operating Margin at 27.0% from 23.4%. Net income was $261.8 million, or $2.08 per diluted share, versus $1.51.

Applications and Commerce revenue grew 9.0% to $524.3 million, while Core Platform grew 4.2% to $817.5 million. Costs and expenses were up only 1.1% on a calculated basis, and Depreciation and amortization fell to $12.7 million from $28.4 million. Over nine months the company repurchased about 14.6 million shares for $1,311.0 million, and Operating Cash Flow for the quarter was $487.7 million. Normalized EBITDA was $449.3 million, up 10.0%.

5. SPS Commerce: Can Margin Rise While Customers Fall 15%?

SPS Commerce reported revenue of $197.6 million, up from $189.9 million, with recurring revenue at 96% of the total. Adjusted EBITDA was $70.9 million, a 36% margin against 32%, and net income was $30.7 million, or $0.85 per diluted share, versus $0.67.

Recurring revenue customers fell 15% to about 46,700 after the June 30, 2026 sale of the third-party portion of its revenue recovery business, which carried a loss of about $23.5 million. Annual revenue per user rose 22% to about $16,200. The company repurchased $51.2 million of stock in the quarter, and $136.4 million remained available under its 2025 program.

How Do the Five Compare on Growth Gaps and Profit Margins?

Using the reported figures, the spread between the fastest and slowest grower is 16 percentage points, from Twilio at 20% to SPS Commerce at 4% (calculated). Combined third quarter revenue for the five is about $3,203.3 million (calculated), and Twilio's $1.56 billion is about 48.7% of that total (calculated).

Net income margins differ as well. On a calculated basis GoDaddy earned about 19.5% of revenue as net income, SPS Commerce about 15.5%, OneSpan about 12.2% and Twilio about 10.3% on a GAAP basis. Asure Software's net loss of $604 thousand equals about negative 1.5% of revenue (calculated).

The pattern is that faster revenue growth did not map to higher net margin. Twilio grew fastest but had the lowest positive GAAP margin of the four profitable names, while GoDaddy combined the second-slowest growth with the highest margin.

What to Watch Next: Twilio Guidance, Credit Terms and Buyback Windows

Twilio guided fourth quarter revenue to $1.595 billion to $1.605 billion for the quarter ending December 31, 2026, with organic growth of 11% to 12%. For fiscal 2026 it now expects reported revenue growth of 20%, up from 18% to 18.5%, and free cash flow of $1.19 billion to $1.20 billion.

SPS Commerce said an accounting change will add about $4.0 million of amortization in the fourth quarter of 2026 and $6.9 million in 2027, and its repurchase program expires on December 1, 2027. Asure Software's principal repayments begin on April 1, 2027, and its term Loan matures on October 15, 2031.

GoDaddy's $3.0 billion repurchase authorization runs through the end of 2027. The OneSpan, Asure Software, GoDaddy and SPS Commerce reports as summarized did not state revenue guidance.