Klaviyo (KVYO) Operating Margin (2022 - 2026)
Klaviyo's (KVYO) quarterly Operating Margin came in at 0.49% in Q1 2026, up 897.0% year-on-year from 0.05% in Q1 2025, and up 192.47% quarter-over-quarter from 0.53% in Q4 2025.
Klaviyo (KVYO) Operating Margin (2022 - 2026) Analysis & Trends
Klaviyo has disclosed Operating Margin across 5 years of filings, most recently posting 0.49% for Q1 2026.
- Operating Margin for Q1 2026 came in at 0.49%, up 897.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.22% (up 529.0% YoY), and the FY2025 annual result was 5.49%, up 348.0% from the prior year.
- Operating Margin came in at 0.49% for Q1 2026 at Klaviyo, up from 0.53% 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.
- The 5-year median for Operating Margin is 6.32% (2024), against an average of 17.83%.
- Across the five-year window, Operating Margin tumbled 15036 bps in 2023 and soared 16625 bps in 2024, its largest moves.
- Klaviyo's Operating Margin stood at 2.81% in 2022, then plunged 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 surged by 192 bps to 0.49% in 2026.
- The last three Operating Margin figures came in at 0.49% (Q1 2026), 0.53% (Q4 2025), and 3.49% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 14.56% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | 12.05% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 13.34% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 29.26% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 37.79% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | -22.99% |
| 10 | Klaviyo | 4.51 Bn | 4.13 Bn | 268.89 Mn | 0.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |