Klaviyo (KVYO) Operating Margin (2022 - 2026)
Klaviyo's (KVYO) quarterly Operating Margin came in at 4.04% in Q2 2026, up 665.0% year-over-year from 0.53% in Q2 2025, and down 928.39% quarter-over-quarter from 0.49% in Q1 2026.
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Klaviyo (KVYO) Operating Margin (2022 - 2026) Analysis & Trends
Klaviyo has disclosed Operating Margin across 5 years of filings, most recently posting 4.04% for Q2 2026.
- In Q2 2026, Operating Margin rose 665.0% year-over-year to 4.04%; the TTM figure through Jun 2026 stood at 1.86% (up 769.0% YoY), while the FY2025 annual figure was 5.49%, up 348.0% from the prior year.
- Operating Margin came in at 4.04% for Q2 2026 at Klaviyo, down from 0.49% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 4.27% in Q2 2023 to a low of 171.89% in Q3 2023.
- Average Operating Margin over 5 years is 16.97%, with a median of 5.99% recorded in 2024.
- Year-over-year, Operating Margin slumped 15036 bps in 2023 and jumped 16625 bps in 2024.
- Over 5 years, Operating Margin stood at 2.81% in 2022, then slumped by 542 bps to 18.02% in 2023, then climbed by 29 bps to 12.83% in 2024, then soared by 96 bps to 0.53% in 2025, then plunged by 666 bps to 4.04% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 4.04% in Q2 2026, 0.49% in Q1 2026, and 0.53% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Zeta Global Holdings | 7.10 Bn | 6.79 Bn | 261.77 Mn | 3.82% |
| 2 | Klaviyo | 5.52 Bn | 4.69 Bn | 269.10 Mn | -4.04% |
| 3 | Braze | 3.60 Bn | 3.21 Bn | 138.66 Mn | -13.04% |
| 4 | LiveRamp Holdings | 2.30 Bn | 1.92 Bn | 150.94 Mn | 9.42% |
| 5 | Sharplink | 865.57 Mn | 809.37 Mn | 11.27 Mn | -3,413.02% |
| 6 | Sprout Social | 688.23 Mn | 568.30 Mn | 96.09 Mn | -2.16% |
| 7 | Yext | 645.34 Mn | 558.52 Mn | 83.84 Mn | 15.81% |
| 8 | TechTarget | 292.93 Mn | 247.11 Mn | 64.48 Mn | 42.30% |
| 9 | Marchex | 69.04 Mn | 60.89 Mn | 6.60 Mn | -3.14% |
| 10 | Grandstand | 66.68 Mn | 57.88 Mn | 31.83 Mn | -3.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.04% |
| Mar 31, 2026 | 0.49% |
| Dec 31, 2025 | -0.53% |
| Sep 30, 2025 | -3.49% |
| Jun 30, 2025 | -10.69% |
| Mar 31, 2025 | -8.49% |
| Dec 31, 2024 | -12.83% |
| Sep 30, 2024 | -5.65% |
| Jun 30, 2024 | -6.32% |
| Mar 31, 2024 | -10.52% |
| Dec 31, 2023 | -18.02% |
| Sep 30, 2023 | -171.89% |
| Jun 30, 2023 | 4.27% |
| Mar 31, 2023 | 0.56% |
| Dec 31, 2022 | -2.81% |
| Sep 30, 2022 | -21.54% |