Klaviyo (KVYO) Gross Margin (2022 - 2026)
Klaviyo's (KVYO) quarterly Gross Margin came in at 75.11% in Q1 2026, down 70.0% year-on-year from 250.36% in Q1 2025, and up 4.07% quarter-over-quarter from 72.17% in Q4 2025.
Klaviyo (KVYO) Gross Margin (2022 - 2026) Analysis & Trends
Klaviyo has disclosed Gross Margin across 5 years of filings, most recently posting 75.11% for Q1 2026.
- Gross Margin for Q1 2026 came in at 75.11%, down 70.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 74.55% (down 122.0% YoY), and the FY2025 annual result was 74.67%, down 172.0% from the prior year.
- Gross Margin came in at 75.11% for Q1 2026 at Klaviyo, up 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.
- The 5-year median for Gross Margin is 75.7% (2025), against an average of 75.04%.
- Across the five-year window, Gross Margin sank 609 bps in 2023 and surged 1034 bps in 2024, its largest moves.
- Klaviyo's 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 4 bps to 75.11% in 2026.
- The last three Gross Margin figures came in at 75.11% (Q1 2026), 72.17% (Q4 2025), and 75.51% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 89.96% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | 48.77% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 75.07% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 85.65% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 89.62% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | 48.28% |
| 10 | Klaviyo | 4.51 Bn | 4.13 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% |