| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 358.01 | 27.9% |
| Total Income | 358.01 | 27.9% |
| Expenditure | 356.26 | 17.4% |
| PBT | 10.72 | 170.7% |
| Net Profit | 9.04 | 164.2% |
| OPM | 0.49% | 8.97pp |
| NPM | 2.52% | 7.56pp |
| EPS | 0.03 | 160.0% |
Klaviyo: Q1 2026 Revenue $358.0M, Up 28% YoY; Raises FY26 Outlook
06 May 2026 · 6 May, 1:48 am
Summary
Klaviyo announced strong Q1 2026 results, with revenue reaching $358.0 million, a 28% increase year-over-year. The company's operating margin reached its strongest level as a public company. Klaviyo is raising its full year revenue guidance to $1.514 billion to $1.522 billion, representing a 23% year-over-year growth. The company continues to expand its platform with new integrations and has authorized a $500 million share repurchase program.
Key Highlights
- 1
Klaviyo's first quarter revenue reached $358.0 million, reflecting a 28% increase year-over-year.
- 2
The company's gross profit was $268.9 million, resulting in a gross margin of 75%.
- 3
Klaviyo reported an operating income of $1.7 million and a non-GAAP operating income of $58.6 million.
- 4
The company's non-GAAP operating margin was 16% for the first quarter.
- 5
Klaviyo increased its total customer base to over 196,000, with customers generating over $50,000 of ARR up 38% year-over-year to 4,175.
- 6
Revenue outside the Americas grew by 39%, with EMEA excluding the UK up 51%.
- 7
The company raised its FY26 revenue guidance to $1.514 billion to $1.522 billion, projecting year-over-year growth of 23%.
Management Comments
Andrew Bialecki
“Q1 reflected strong momentum across our business as Klaviyo’s autonomous strategy continues to take hold, with 28% revenue growth and our strongest operating margin as a public company,” said Andrew Bialecki, co-founder and co-CEO of Klaviyo. “More brands than ever are utilizing more of Klaviyo’s platform to drive better results. Delivering meaningful customer experiences at scale requires AI grounded in real data. Agents are only as good as the systems beneath them, and we’ve spent 14 years building exactly that foundation.” “Amanda has been an exceptional partner and has played a critical role in shaping our financial strategy over the past few years,” said Andrew Bialecki, Klaviyo’s co-CEO and co-Founder. “She has been instrumental in scaling our business into a global, AI-native public company and strengthening our financial foundation for the next chapter of growth. While we will miss her, we are incredibly grateful for her many contributions to Klaviyo and wish her all the best.”
Amanda Whalen
“Our Q1 results reflect strength across the fundamentals of the business, including revenue growth, margin expansion, enterprise wins, and international growth,” said Amanda Whalen, CFO of Klaviyo. “AI is changing the way we work and we are seeing that in our results, as we grew revenue by employee by more than 25% year-over-year. As customers consolidate more of their customer engagement on Klaviyo and AI adoption deepens, we’re seeing durable results that give us confidence in raising our top and bottom line outlook for the full year.” “Klaviyo is the strongest it has ever been,” said Amanda Whalen, Klaviyo’s CFO. “We have an exceptional leadership team in place, a Finance organization I deeply trust and believe in, and strong momentum across our business globally. I am confident that this is the right moment for this transition, knowing the work is in great hands. I’ll be fully focused on supporting the team in the months ahead and will continue to be a champion of Andrew, Chano, our Board, and the Klaviyo team long into the future.”
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