Klaviyo, Inc.

KVYO Technology Software Application

Klaviyo, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 31.6% from fiscal 2024.

Revenue
+24.6%
EPS
+66.7%
Free cash flow
−14.8%

Quarter to September 2026, against a year earlier

20.84 0.52 −2.43%
Market cap
$5.9B
P/E
1,120×
Fwd P/E
−1,085×
Dividend yield
—
F-score
5/9
Altman Z
15.32
Beneish M
−2.89
Dividend safety
n/a

Klaviyo, Inc. (KVYO) Gross margin

Alert me on Gross margin

Klaviyo, Inc.'s gross margin over the twelve months to 30 September 2026 was 73.5%, down 1.1 percentage points from fiscal 2025 (74.7%). Over the past ten years it has ranged from 70.9% (fiscal 2021) to 76.4% (fiscal 2024); the current reading is higher than 80% of that period. That is above the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 74.7% (1.72)
FY2024 76.4% 1.87
FY2023 74.5% 1.60
FY2022 72.9% 2.06
FY2021 70.9% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 74.2% 1.60
Jun 2026 72.6% (2.49)
Mar 2026 75.1% 2.94
Dec 2025 72.2% (3.34)
12 more quarters

Against its own ten years

Low 70.9% High 76.4%
Ten-year median 74.5%
Current reading's percentile 15

Gross margin against peers

Company Gross margin
CVLT CommVault Systems, Inc. compare 81.3%
PEGA Pegasystems Inc. compare 75.9%
KVYO Klaviyo, Inc. 73.5%
NAVN Navan, Inc. compare 72.6%
RNG Ringcentral, Inc. compare 72.2%
BRZE Braze, Inc. compare 66.3%
NICE Nice compare 65.1%
NIQ NIQ Global Intelligence plc compare 55.4%
OCTV Octave Intelligence plc compare —
Software Application industry median 66.9%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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