Klaviyo (KVYO) Operating Expenses (2022 - 2026)

Klaviyo's (KVYO) quarterly Operating Expenses came in at $267.1 million in Q1 2026, up 13.26% year-on-year from $235.9 million in Q1 2025, and up 4.93% quarter-over-quarter from $254.6 million in Q4 2025.

Klaviyo (KVYO) Operating Expenses (2022 - 2026) Analysis & Trends

Klaviyo has disclosed Operating Expenses across 5 years of filings, most recently posting $267.1 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $267.1 million, up 13.26% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.0 billion (up 20.21% YoY), and the FY2025 annual result was $989.3 million, up 23.62% from the prior year.
  • Operating Expenses came in at $267.1 million for Q1 2026 at Klaviyo, up 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.
  • The 5-year median for Operating Expenses is $194.0 million (2024), against an average of $208.8 million.
  • Across the five-year window, Operating Expenses jumped 273.57% in 2023 and tumbled 53.72% in 2024, its largest moves.
  • Klaviyo's 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 gained by 4.93% to $267.1 million in 2026.
  • The last three Operating Expenses figures came in at $267.1 million (Q1 2026), $254.6 million (Q4 2025), and $245.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 257.53 Bn 239.56 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 171.61 Bn 169.06 Bn - -269.42 Mn
3 Salesforce 152.15 Bn 140.31 Bn 8.56 Bn 6.22 Bn
4 Uber Technologies 144.45 Bn 143.41 Bn 11.88 Bn 11.28 Bn
5 Shopify 144.09 Bn 138.34 Bn 1.55 Bn 1.16 Bn
6 ServiceNow 110.55 Bn 105.37 Bn 2.83 Bn 2.33 Bn
7 Cadence Design Systems 106.32 Bn 104.91 Bn 1.26 Bn 1.04 Bn
8 Adobe 97.77 Bn 90.88 Bn 5.73 Bn 3.32 Bn
9 Automatic Data Processing 93.39 Bn 90.16 Bn 2.87 Bn 4.23 Bn
10 Klaviyo 4.51 Bn 4.13 Bn 268.89 Mn 267.15 Mn

Historic Data

Download Data
DateValue
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