Klaviyo (KVYO) Gross Margin (2022 - 2026)
Klaviyo's (KVYO) quarterly Gross Margin came in at 72.62% in Q2 2026, down 308.0% year-over-year from 34.91% in Q2 2025, and down 3.32% quarter-over-quarter from 75.11% in Q1 2026.
Analysis
Klaviyo (KVYO) Gross Margin (2022 - 2026) Analysis & Trends
Klaviyo has disclosed Gross Margin across 5 years of filings, most recently posting 72.62% for Q2 2026.
- In Q2 2026, Gross Margin fell 308.0% year-over-year to 72.62%; the TTM figure through Jun 2026 stood at 73.79% (down 163.0% YoY), while the FY2025 annual figure was 74.67%, down 172.0% from the prior year.
- Gross Margin came in at 72.62% for Q2 2026 at Klaviyo, down from 75.11% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 78.6% in Q1 2024 to a low of 66.54% in Q3 2023.
- Average Gross Margin over 5 years is 74.88%, with a median of 75.6% recorded in 2025.
- Year-over-year, Gross Margin plunged 609 bps in 2023 and soared 1034 bps in 2024.
- Over 5 years, Gross Margin stood at 74.3% in 2022, then increased by 5 bps to 77.67% in 2023, then dropped by 5 bps to 73.45% in 2024, then fell by 2 bps to 72.17% in 2025, then advanced by 1 bps to 72.62% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 72.62% in Q2 2026, 75.11% in Q1 2026, and 72.17% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Zeta Global Holdings | 7.10 Bn | 6.79 Bn | 261.77 Mn | 59.12% |
| 2 | Klaviyo | 5.52 Bn | 4.69 Bn | 269.10 Mn | 72.62% |
| 3 | Braze | 3.60 Bn | 3.21 Bn | 138.66 Mn | 65.72% |
| 4 | LiveRamp Holdings | 2.30 Bn | 1.92 Bn | 150.94 Mn | 70.54% |
| 5 | Sharplink | 865.57 Mn | 809.37 Mn | 11.27 Mn | 97.76% |
| 6 | Sprout Social | 688.23 Mn | 568.30 Mn | 96.09 Mn | 77.59% |
| 7 | Yext | 645.34 Mn | 558.52 Mn | 83.84 Mn | 75.46% |
| 8 | TechTarget | 292.93 Mn | 247.11 Mn | 64.48 Mn | 55.52% |
| 9 | Marchex | 69.04 Mn | 60.89 Mn | 6.60 Mn | 59.97% |
| 10 | Grandstand | 66.68 Mn | 57.88 Mn | 31.83 Mn | 84.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 72.62% |
| Mar 31, 2026 | 75.11% |
| Dec 31, 2025 | 72.17% |
| Sep 30, 2025 | 75.51% |
| Jun 30, 2025 | 75.70% |
| Mar 31, 2025 | 75.81% |
| Dec 31, 2024 | 73.45% |
| Sep 30, 2024 | 76.88% |
| Jun 30, 2024 | 77.38% |
| Mar 31, 2024 | 78.60% |
| Dec 31, 2023 | 77.67% |
| Sep 30, 2023 | 66.54% |
| Jun 30, 2023 | 77.23% |
| Mar 31, 2023 | 76.57% |
| Dec 31, 2022 | 74.30% |
| Sep 30, 2022 | 72.63% |