Klaviyo (KVYO) Operating Expenses (2022 - 2026)
Klaviyo's (KVYO) quarterly Operating Expenses came in at $284.1 million in Q2 2026, up 12.19% year-over-year from $253.2 million in Q2 2025, and up 6.33% quarter-over-quarter from $267.1 million in Q1 2026.
Analysis
Klaviyo (KVYO) Operating Expenses (2022 - 2026) Analysis & Trends
Klaviyo has disclosed Operating Expenses across 5 years of filings, most recently posting $284.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 12.19% year-over-year to $284.1 million; the TTM figure through Jun 2026 stood at $1.1 billion (up 14.76% YoY), while the FY2025 annual figure was $989.3 million, up 23.62% from the prior year.
- Operating Expenses came in at $284.1 million for Q2 2026 at Klaviyo, up from $267.1 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.
- Average Operating Expenses over 5 years is $213.5 million, with a median of $213.5 million recorded in 2024.
- Year-over-year, Operating Expenses surged 273.57% in 2023 and slumped 53.72% in 2024.
- Over 5 years, Operating Expenses stood at $112.0 million in 2022, then soared by 72.29% to $192.9 million in 2023, then advanced by 20.81% to $233.1 million in 2024, then advanced by 9.23% to $254.6 million in 2025, then climbed by 11.57% to $284.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $284.1 million in Q2 2026, $267.1 million in Q1 2026, and $254.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Zeta Global Holdings | 7.10 Bn | 6.79 Bn | 261.77 Mn | 425.84 Mn |
| 2 | Klaviyo | 5.52 Bn | 4.69 Bn | 269.10 Mn | 284.07 Mn |
| 3 | Braze | 3.60 Bn | 3.21 Bn | 138.66 Mn | 166.18 Mn |
| 4 | LiveRamp Holdings | 2.30 Bn | 1.92 Bn | 150.94 Mn | 130.78 Mn |
| 5 | Sharplink | 865.57 Mn | 809.37 Mn | 11.27 Mn | 85.41 Mn |
| 6 | Sprout Social | 688.23 Mn | 568.30 Mn | 96.09 Mn | 98.76 Mn |
| 7 | Yext | 645.34 Mn | 558.52 Mn | 83.84 Mn | 66.27 Mn |
| 8 | TechTarget | 292.93 Mn | 247.11 Mn | 64.48 Mn | 86.56 Mn |
| 9 | Marchex | 69.04 Mn | 60.89 Mn | 6.60 Mn | 11.35 Mn |
| 10 | Grandstand | 66.68 Mn | 57.88 Mn | 31.83 Mn | -25.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 284.07 Mn |
| 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 |