Klaviyo (KVYO) Gross Margin (2022 - 2026)

Klaviyo (KVYO) posted Gross Margin of 75.11% for Q1 2026, up 4.07% sequentially from 72.17% in Q4 2025, and down 70.0% YoY from 250.36% in Q1 2025.

Klaviyo (KVYO) Gross Margin (2022 - 2026) Analysis & Trends

Klaviyo has reported Gross Margin for 5 years, with the latest figure at 75.11% in Q1 2026.

Quarterly Gross Margin fell 70.0% year-over-year to 75.11% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 74.55% (down 122.0% YoY) and the FY2025 annual result came in at 74.67%, down 172.0% from the prior year.
Gross Margin improved to 75.11% in Q1 2026 per KVYO's latest filing, from 72.17% in the prior quarter.
Over five years, Gross Margin peaked at 78.6% in Q1 2024 and troughed at 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.
The sharpest annual moves came in 2023 and 2024: Gross Margin sank 609 bps in 2023, then jumped 1034 bps in 2024.
Over 5 years, Gross Margin stood at 74.3% in 2022, then gained by 5 bps to 77.67% in 2023, then fell by 5 bps to 73.45% in 2024, then decreased by 2 bps to 72.17% in 2025, then grew by 4 bps to 75.11% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 75.11%, 72.17%, and 75.51% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	73.08%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	47.67%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	76.92%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	44.93%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	70.68%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	66.61%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	45.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	89.20%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	84.61%
10	Klaviyo	5.49 Bn	4.66 Bn	269.10 Mn	72.62%

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