Klaviyo (KVYO) Gross Margin (2022 - 2026)
Klaviyo (KVYO) reported Gross Margin of 75.11% for Q1 2026, down 70.0% on a YoY basis from 250.36% in Q1 2025, and up 4.07% sequentially from 72.17% in Q4 2025.
Klaviyo (KVYO) Gross Margin (2022 - 2026) Analysis & Trends
Klaviyo (KVYO) has 5 years of Gross Margin data on file, last reported at 75.11% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 70.0% year-over-year to 75.11%; the trailing twelve-month figure through Mar 2026 stood at 74.55% (down 122.0% YoY), and the FY2025 full-year result was 74.67%, down 172.0% from the prior year.
- Gross Margin improved to 75.11% in Q1 2026, from 72.17% 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.
- A 5-year average of 75.04% and a median of 75.7% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 609 bps in 2023 and surged 1034 bps in 2024, its largest moves.
- Tracing KVYO's Gross Margin over 5 years: stood at 74.3% in 2022, then grew by 5 bps to 77.67% in 2023, then slipped by 5 bps to 73.45% in 2024, then declined by 2 bps to 72.17% in 2025, then gained by 4 bps to 75.11% in 2026.
- Business Quant data shows KVYO's Gross Margin at 75.11% in Q1 2026, 72.17% in Q4 2025, and 75.51% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Klaviyo | 4.77 Bn | 4.40 Bn | 268.89 Mn | 75.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |