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Klaviyo KVYO Operating margin

Operating margin at other companies

Adobe logo
AdobeADBE
36.1%-0.3pp
Salesforce logo
SalesforceCRM
20.4%+1.1pp
HubSpot logo
HubSpotHUBS
3.8%+2.7pp
Braze, Inc. logo
Braze, Inc.BRZE
-16.8%-2.2pp
Freshworks, Inc. logo
Freshworks, Inc.FRSH
1.8%+0.9pp
Five9 logo
Five9FIVN
4.7%+3.7pp

Other financials

Income statement

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Revenue$370.6M+26.4%
Gross profit$269.1M+21.3%
Operating income-$15.0M+52.2%
Net income-$8.8M+63.6%
EPS (diluted)-$0.03+66.7%

Balance sheet

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Cash & equivalents$833.4M-11.0%
Total debt$113.9M+14.9%
Total equity$967.0M-11.8%
Total assets$1.4B-1.0%

Cash flow

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Operating cash flow$93.9M+68.5%
CapEx$6.6M+218%
Free cash flow$87.3M+62.7%

Valuation

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Market cap$4.76B-55.0%
Enterprise value$4.04B-58.5%
P/S3.4×-6.4×

Profitability

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Gross margin73.8%-1.6pp
Net margin-5.7%+0.6pp
FCF margin18.2%+3.3pp

Returns & leverage

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Return on equity-6.1%+2.5pp
Debt / equity0.1×0.0×
Current ratio3.1×-1.8×

Where this comes from

Calculated from Klaviyo’s reported figures.

Based on trailing twelve months.

The source filing: Klaviyo’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001835830-26-000040

FAQ

What is Klaviyo's operating margin?
Klaviyo (KVYO) reported operating margin of -1.9% in Q2 2026.
How has Klaviyo's operating margin changed year-over-year?
Klaviyo's operating margin increased by 80.5% year-over-year, from -9.6% to -1.9%.
What is the long-term trend for Klaviyo's operating margin?
Over 3 years (2021 to 2025), Klaviyo's operating margin has grown at a -41.4% compound annual growth rate (CAGR), from -27.3% to -5.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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