| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 370.58 | 3.5% | 26.4% |
| Total Income | 370.58 | 3.5% | 26.4% |
| Expenditure | 385.54 | 8.2% | 18.8% |
| PBT | -7.11 | 166.3% | 68.4% |
| Net Profit | -8.85 | 197.9% | 63.5% |
| OPM | -4.04% | 4.53pp | 6.65pp |
| NPM | -2.39% | 4.91pp | 5.90pp |
| EPS | -0.03 | 200.0% | 66.7% |
Klaviyo Reports Strong Q2 2026 Revenue Growth of 26% to $370.6 Million
06 Aug 2026 · 6 Aug, 1:48 am
Summary
Klaviyo announced strong second quarter results, with revenue reaching $370.6 million, a 26% increase year-over-year. The company raised its full-year revenue guidance to $1.526 billion - $1.534 billion, anticipating 24% growth. Management highlighted the successful adoption of their autonomous B2C CRM strategy, driven by product innovations like Composer and Customer Agent, and strategic acquisitions. The company also reported significant customer growth and strong NRR, demonstrating efficient growth and continued strategic investment.
Key Highlights
- 1
Klaviyo reported second quarter revenue of $370.6 million, representing 26% year-over-year growth.
- 2
The company raised its FY26 revenue guidance to a range of $1.526 billion to $1.534 billion, projecting 24% year-over-year growth.
- 3
Total customers exceeded 205,000, with the cohort of customers generating over $50,000 of ARR increasing 36% year over year to 4,477.
- 4
Dollar-Based Net Revenue Retention Rate (NRR) was 109%, up one percentage point year-over-year.
- 5
Non-GAAP operating income for Q2 FY26 was $50.9 million, with a non-GAAP operating margin of 14%.
- 6
Cash from Operating Activities for Q2 FY26 was $93.9 million, and Free Cash Flow was $82.9 million.
Management Comments
Andrew Bialecki
Software and the rise of AI agents are transforming consumer experience. But agents are only as good as the context behind them, and we’ve spent more than a decade building the real-time infrastructure that delivers that context at scale. The adoption we’ve seen of Composer and Customer Agent is proof that it works. Bringing on Agency’s team will accelerate what Klaviyo’s agents can do as we continue to build the autonomous B2C CRM.
Amanda Whalen
Our autonomous B2C CRM strategy is landing as brands of all sizes around the globe consolidate onto Klaviyo. We closed the quarter at a nearly $1.5 billion annualized run rate, with Q2 revenue growth of 26% year-over-year, supported by broad-based strength across enterprise, international, and multi-product. We continued to convert that growth efficiently, with annualized revenue per employee up 28% year over year. We are once again raising our full-year revenue outlook and continuing to invest strategically in growth.
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