Klaviyo (KVYO) Cost of Revenue (2022 - 2026)

Klaviyo (KVYO) reported Cost of Revenue of $89.1 million for Q1 2026, up 31.63% on a YoY basis from $67.7 million in Q1 2025, and down 8.55% sequentially from $97.4 million in Q4 2025.

Klaviyo (KVYO) Cost of Revenue (2022 - 2026) Analysis & Trends

Klaviyo (KVYO) has 5 years of Cost of Revenue data on file, last reported at $89.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 31.63% year-over-year to $89.1 million; the trailing twelve-month figure through Mar 2026 stood at $333.9 million (up 36.82% YoY), and the FY2025 full-year result was $312.5 million, up 41.22% from the prior year.
  • Cost of Revenue fell to $89.1 million in Q1 2026, from $97.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $97.4 million in Q4 2025 to a low of $32.6 million in Q3 2022.
  • A 5-year average of $58.1 million and a median of $54.4 million in 2024 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue surged 80.34% in 2023 and dropped 7.6% in 2024, its largest moves.
  • Tracing KVYO's Cost of Revenue over 5 years: stood at $37.3 million in 2022, then rose by 20.58% to $45.0 million in 2023, then soared by 59.37% to $71.7 million in 2024, then soared by 35.83% to $97.4 million in 2025, then decreased by 8.55% to $89.1 million in 2026.
  • Business Quant data shows KVYO's Cost of Revenue at $89.1 million in Q1 2026, $97.4 million in Q4 2025, and $76.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 199.59 Bn 179.36 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 193.24 Bn 190.53 Bn - -
3 Shopify 164.78 Bn 159.04 Bn 1.55 Bn 1.62 Bn
4 Salesforce 150.52 Bn 138.68 Bn 8.56 Bn 2.57 Bn
5 Uber Technologies 139.79 Bn 138.58 Bn 5.95 Bn 7.26 Bn
6 ServiceNow 109.10 Bn 104.44 Bn 2.82 Bn 1.17 Bn
7 Automatic Data Processing 102.68 Bn 99.45 Bn 2.87 Bn 3.07 Bn
8 Adobe 95.80 Bn 90.17 Bn 5.90 Bn 715.00 Mn
9 Snowflake 93.75 Bn 90.79 Bn 926.45 Mn 464.50 Mn
10 Klaviyo 5.37 Bn 4.99 Bn 268.89 Mn 89.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 89.11 Mn
Mar 31, 2026 89.11 Mn
Dec 31, 2025 97.44 Mn
Dec 31, 2025 97.44 Mn
Sep 30, 2025 76.14 Mn
Sep 30, 2025 76.14 Mn
Jun 30, 2025 71.24 Mn
Jun 30, 2025 71.24 Mn
Mar 31, 2025 67.70 Mn
Mar 31, 2025 67.70 Mn
Dec 31, 2024 71.74 Mn
Dec 31, 2024 71.74 Mn
Sep 30, 2024 54.36 Mn
Sep 30, 2024 54.36 Mn
Jun 30, 2024 50.27 Mn
Jun 30, 2024 50.27 Mn
Mar 31, 2024 44.94 Mn
Mar 31, 2024 44.94 Mn
Dec 31, 2023 45.01 Mn
Dec 31, 2023 45.01 Mn