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
$6.1B
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) Operating margin

Alert me on Operating margin

Klaviyo, Inc.'s operating margin over the twelve months to 30 September 2026 was −1.33%, up 4.2 percentage points from fiscal 2025 (−5.49%). Over the past ten years it has ranged from −47.4% (fiscal 2023) to −5.49% (fiscal 2025) — the current reading is the highest in ten years. That is below the Software Application industry median of 0.00% and below the Technology sector median of 0.02%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 −5.49% 3.48
FY2024 −8.97% 38.39
FY2023 −47.4% (35.72)
FY2022 −11.6% 15.62
FY2021 −27.3% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −1.16% 2.88
Jun 2026 −4.04% (4.53)
Mar 2026 0.49% 1.02
Dec 2025 −0.53% 2.96
12 more quarters

Against its own ten years

Low −47.4% High −5.49%
Ten-year median −11.6%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
NICE Nice compare 18.5%
PEGA Pegasystems Inc. compare 9.90%
RNG Ringcentral, Inc. compare 7.50%
CVLT CommVault Systems, Inc. compare 7.39%
NIQ NIQ Global Intelligence plc compare 1.95%
KVYO Klaviyo, Inc. −1.33%
BRZE Braze, Inc. compare −13.4%
NAVN Navan, Inc. compare −25.7%
OCTV Octave Intelligence plc compare —
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on KVYO