Klaviyo (NYSE:KVYO) Announces Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Klaviyo beat Q1 estimates with EPS $0.22 vs. $0.19 and revenue of $358M (up 28% YoY), reported record non‑GAAP operating margin above 16% and raised full‑year 2026 revenue and operating income guidance.
• Management highlighted AI‑led product momentum — including the private preview of Composer and expanded Customer Agent capabilities — alongside accelerating enterprise and international growth (revenue outside the Americas up 39% YoY and record $50K+ ARR and multi‑million ARR deals), positioning agents as a new monetization and retention lever.
• Near‑term risk and shareholder moves: CFO Amanda Whalen will step down and insiders have sold shares, creating governance/continuity uncertainty, even as the board authorized a $500M buyback and completed a $100M accelerated repurchase; management is also absorbing rising SMS carrier fees, which could pressure margins if costs persist.

Klaviyo (NYSE:KVYO - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03, FiscalAI reports. The company had revenue of $358.01 million for the quarter, compared to the consensus estimate of $348.57 million. Klaviyo had a positive return on equity of 2.03% and a negative net margin of 2.57%.Klaviyo's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS.

Here are the key takeaways from Klaviyo's conference call:

• Revenue grew 28% YoY to $358M with non-GAAP operating margin above 16% (the highest in company history) and management raised full‑year 2026 revenue and operating income guidance, signaling stronger-than-expected fundamentals.
• Klaviyo emphasized AI-led product momentum — notably the private preview of Composer and expanded Customer Agent capabilities — with early customer case studies showing meaningful revenue lifts and faster execution, positioning agents as a new monetization and retention lever.
• Enterprise and international expansion accelerated: $50K+ ARR customers and multi‑million ARR deals hit record levels, while revenue outside the Americas grew 39% YoY (EMEA ex‑UK up 51%), demonstrating broader market adoption beyond SMBs.
• Management is choosing to absorb rising SMS carrier fees rather than pass them to customers (a competitive pricing advantage today), but continuing to shoulder these costs could pressure margins if fee increases persist.
• Corporate actions and leadership update: CFO Amanda Whalen will step down later this year with an advisory transition through November, while the board authorized a $500M buyback and completed a $100M accelerated share repurchase, combining a potential governance/continuity risk with shareholder return activity.

Klaviyo Price Performance

Shares of Klaviyo stock traded up $0.88 on Tuesday, hitting $23.35. The company had a trading volume of 8,726,111 shares, compared to its average volume of 4,867,701. The business has a 50-day simple moving average of $18.97 and a 200-day simple moving average of $23.92. The company has a market cap of $7.12 billion, a PE ratio of -194.55 and a beta of 0.79. Klaviyo has a 52 week low of $15.53 and a 52 week high of $37.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KVYO shares. Benchmark cut their target price on shares of Klaviyo from $46.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, February 9th. Piper Sandler restated an "overweight" rating and issued a $30.00 target price on shares of Klaviyo in a research note on Wednesday, February 11th. Mizuho set a $37.00 target price on shares of Klaviyo in a research note on Wednesday, February 11th. Morgan Stanley set a $34.00 target price on shares of Klaviyo in a research note on Wednesday, April 29th. Finally, Citigroup cut their target price on shares of Klaviyo from $40.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Eighteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Klaviyo has an average rating of "Moderate Buy" and an average target price of $33.19.

Trending Headlines about Klaviyo

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Reported Q1 beat: EPS of $0.22 vs. $0.19 consensus and revenue of ~$358M vs. ~$349M expected, with ~28% YoY revenue growth — a clear fundamental driver supporting the rally. Klaviyo Delivers Strong Q1 2026 Results
• Positive Sentiment: Raised outlook and margin improvement: Management highlighted record operating margin and raised its full-year outlook, which supports expectations for better profitability as revenue scales. Klaviyo Delivers Strong Q1 2026 Results
• Neutral Sentiment: Guidance largely in line: Q2 revenue guide of ~$359M–$363M sits near consensus (~$360M) and FY revenue guidance around $1.5B aligns with expectations, so guidance neither surprises positively nor sharply disappoints. View Press Release / Slide Deck
• Neutral Sentiment: Analyst and metric notes: Coverage pieces and Zacks analysis break down unit economics and comparable metrics versus estimates — useful for longer-term modeling but not an immediate catalyst. Compared to Estimates, Klaviyo Q1 Earnings
• Negative Sentiment: CFO departure: News that the CFO is stepping down spooked some investors and was cited as a key reason for an earlier sharp drop in the stock despite the beat — this creates near-term execution and governance uncertainty until a replacement is named. Klaviyo shares tumble 18% despite Q1 beat as CFO steps down

Insider Activity

In other news, CFO Amanda Whalen sold 14,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $18.54, for a total value of $259,560.00. Following the completion of the transaction, the chief financial officer directly owned 895,141 shares in the company, valued at $16,595,914.14. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Landon Edmond sold 15,093 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $20.16, for a total transaction of $304,274.88. Following the sale, the insider owned 326,728 shares of the company's stock, valued at $6,586,836.48. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,473,909 shares of company stock worth $27,200,157 over the last three months. Corporate insiders own 53.24% of the company's stock.

Institutional Investors Weigh In On Klaviyo

Hedge funds have recently made changes to their positions in the company. Woodline Partners LP grew its stake in Klaviyo by 54.5% in the 1st quarter. Woodline Partners LP now owns 12,419 shares of the company's stock valued at $376,000 after buying an additional 4,379 shares during the last quarter. AQR Capital Management LLC acquired a new position in Klaviyo in the 1st quarter valued at $359,000. Fieldview Capital Management LLC acquired a new position in Klaviyo in the 4th quarter valued at $347,000. Brevan Howard Capital Management LP acquired a new position in Klaviyo in the 3rd quarter valued at $276,000. Finally, DSM Capital Partners LLC acquired a new position in Klaviyo in the 4th quarter valued at $264,000. Hedge funds and other institutional investors own 45.43% of the company's stock.

About Klaviyo

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company's platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo's core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.

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