Growth Metrics

Klaviyo (KVYO) Gross Margin (2022 - 2025)

Klaviyo's Gross Margin history spans 3 years, with the latest figure at 72.17% for Q4 2025.

  • For Q4 2025, Gross Margin fell 127.0% year-over-year to 72.17%; the TTM value through Dec 2025 reached 74.67%, down 172.0%, while the annual FY2025 figure was 74.67%, 172.0% down from the prior year.
  • Gross Margin for Q4 2025 was 72.17% at Klaviyo, down from 75.51% in the prior quarter.
  • Across five years, Gross Margin topped out at 78.6% in Q1 2024 and bottomed at 66.54% in Q3 2023.
  • The 3-year median for Gross Margin is 76.19% (2023), against an average of 75.29%.
  • The largest YoY upside for Gross Margin was 1034bps in 2024 against a maximum downside of -423bps in 2024.
  • A 3-year view of Gross Margin shows it stood at 77.67% in 2023, then decreased by -5bps to 73.45% in 2024, then dropped by -2bps to 72.17% in 2025.
  • Per Business Quant, the three most recent readings for KVYO's Gross Margin are 72.17% (Q4 2025), 75.51% (Q3 2025), and 75.7% (Q2 2025).