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Stockholders' Equity
 3 Months Ended
Mar. 31, 2023
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
Preferred Stock
As of March 31, 2023, and December 31, 2022, the Company had authorized 100,000,000 shares of preferred stock, par value $0.001, of which no shares were issued and outstanding.
Common Stock
As of March 31, 2023, and December 31, 2022, the Company had authorized 1,000,000,000 shares of Class A common stock and 100,000,000 shares of Class B common stock, each with a par value of $0.001 per share. As of March 31, 2023, 176,121,918 shares of Class A common stock and 9,617,605 shares of Class B common stock were issued and outstanding. As of December 31, 2022, 176,358,104 shares of Class A common stock and 9,617,605 shares of Class B common stock were issued and outstanding.
The Company had reserved shares of common stock for issuance as follows:
As of March 31, 2023As of December 31, 2022
Stock options issued and outstanding2,007,636 2,277,379 
Unvested restricted stock units issued and outstanding13,487,645 15,414,997 
Class A common stock reserved for Twilio.org508,347 530,449 
Stock-based awards available for grant under 2016 Plan29,755,557 19,851,399 
Stock-based awards available for grant under ESPP9,448,429 7,648,429 
Total55,207,614 45,722,653 
Share Repurchase Program
In February 2023, the Board of Directors of the Company authorized a share repurchase program pursuant to which the Company may repurchase up to $1.0 billion in aggregate value of its outstanding Class A common stock. Repurchases under this program will be made through open market, private transactions or other means, in compliance with applicable federal securities laws, and could include repurchases pursuant to Rule 10b5-1 trading plans. The Company has discretion in determining the conditions under which shares may be repurchased from time to time. The program is set to expire on December 31, 2024.
In the three months ended March 31, 2023, the Company repurchased 1.9 million shares of its Class A common stock for an aggregate purchase price of $125.0 million, including related costs. As of March 31, 2023, approximately $875.0 million of the originally authorized amount remained available for future repurchases. Subsequent to March 31, 2023, the Company has repurchased additional shares of its Class A common stock for an aggregate purchase price of $125.0 million.