Klaviyo (KVYO) Operating Expenses (2022 - 2026)
Klaviyo (KVYO) reported Operating Expenses of $267.1 million for Q1 2026, up 13.26% on a YoY basis from $235.9 million in Q1 2025, and up 4.93% sequentially from $254.6 million in Q4 2025.
Klaviyo (KVYO) Operating Expenses (2022 - 2026) Analysis & Trends
Klaviyo (KVYO) has 5 years of Operating Expenses data on file, last reported at $267.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 13.26% year-over-year to $267.1 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 20.21% YoY), and the FY2025 full-year result was $989.3 million, up 23.62% from the prior year.
- Operating Expenses improved to $267.1 million in Q1 2026, from $254.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $419.2 million in Q3 2023 to a low of $112.0 million in Q4 2022.
- A 5-year average of $208.8 million and a median of $194.0 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 273.57% in 2023 and sank 53.72% in 2024, its largest moves.
- Tracing KVYO's Operating Expenses over 5 years: stood at $112.0 million in 2022, then surged by 72.29% to $192.9 million in 2023, then gained by 20.81% to $233.1 million in 2024, then gained by 9.23% to $254.6 million in 2025, then rose by 4.93% to $267.1 million in 2026.
- Business Quant data shows KVYO's Operating Expenses at $267.1 million in Q1 2026, $254.6 million in Q4 2025, and $245.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Klaviyo | 4.77 Bn | 4.40 Bn | 268.89 Mn | 267.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 267.15 Mn |
| Dec 31, 2025 | 254.60 Mn |
| Sep 30, 2025 | 245.57 Mn |
| Jun 30, 2025 | 253.21 Mn |
| Mar 31, 2025 | 235.88 Mn |
| Dec 31, 2024 | 233.08 Mn |
| Sep 30, 2024 | 194.02 Mn |
| Jun 30, 2024 | 186.00 Mn |
| Mar 31, 2024 | 187.15 Mn |
| Dec 31, 2023 | 192.94 Mn |
| Sep 30, 2023 | 419.19 Mn |
| Jun 30, 2023 | 120.08 Mn |
| Mar 31, 2023 | 118.64 Mn |
| Dec 31, 2022 | 111.98 Mn |
| Sep 30, 2022 | 112.21 Mn |