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
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