Klaviyo, Inc. Earnings Recaps
Q2 2026
Aug 8, 2026
Klaviyo’s shares dropped 12.4% following earnings, driven primarily by investor concerns around deceleration and cautious outlook despite ongoing product innovation and customer growth.
Key takeaways
- Revenue grew 26% year-over-year, reaching a $1.5 billion annualized run rate.
- The company signed its largest-ever 8-figure multiproduct deal with a fast-growing e-commerce brand.
- Marketing analytics ARR grew over 100% year-over-year but did not offset concerns on overall business momentum.
- User engagement with the new Composer agent is encouraging, with 95,000 users in the first month and nearly 25% weekly recurring usage.
- Management emphasized AI-driven platform enhancements and infrastructure scalability, yet the market evidently found the outlook or pace of growth insufficient.
Q1 2026
May 7, 2026
Klaviyo’s stock dropped 32.4% after the quarter as investors reacted to signs of notable deceleration and cautious outlook concerns, particularly in growth momentum despite solid revenue gains and margin expansion.
Key takeaways
- Revenue grew 28% year-over-year to $358 million, reflecting continued top-line expansion.
- Non-GAAP operating margin improved to over 16%, the highest in the company’s history, indicating ongoing margin discipline.
- Customer count surpassed 196,000 brands, with a record number of multimillion-dollar ARR deals closed.
- Largest customers’ revenue (GMV) grew roughly 2x faster than the broader market, highlighting strength with marquee clients.
- Despite these positives, management’s remarks and the steep stock decline suggest investors are concerned about slowing growth dynamics and a cautious outlook not fully offset by margin gains or product innovation.
Q3 2025
Nov 8, 2025
Klaviyo delivered strong Q3 Fiscal 2025 results with revenue of $311 million, representing a 32% year-over-year increase and indicating robust growth strategies, particularly in the enterprise segment.
Key takeaways
- Achieved record net adds in the $50,000-plus ARR customer cohort, underscoring strong demand.
- Revenue grew 43% year-over-year in EMEA and APAC regions, highlighting successful international expansion.
- Launched Agentic AI, enhancing marketing capabilities and customer engagement, leading to higher campaign performance metrics for clients.
- Expanded capabilities for businesses to interact with consumers through multiple channels, boosting incremental sales and efficiency.
- Serving over 183,000 customers globally, including over 6,000 enterprise and mid-market brands, which signals strong market penetration and brand recognition.