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Klaviyo (KVYO) Q3 FY2026 earnings: revenue $387 million, up 24.6% on the year

Klaviyo, Inc. (KVYO) reported revenue of $387 million for Q3 FY2026, the quarter ended 30 September 2026, up 24.6% on the same quarter a year earlier. Net income was $704,000, and diluted earnings per share $0.00. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue
$387 million
+24.6% on the year · +4.5% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-1.2%
-3.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$704,000
Q4 FY2024Q3 FY2026
Diluted EPS
$0.00
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 5 new.

  • Revenue rose 25% to $387.2 million: The company reported third quarter revenue of $387.2 million, up 25% year-over-year from $310.9 million. Operating loss narrowed to $4.5 million from $10.8 million.
  • Growth broad across customer cohorts: Management said growth was broad-based, with strength in its largest customer cohorts and more customers landing with multiple products from day one.
  • Full-year revenue guidance raised: Full-year revenue guidance was raised to $1.537 billion to $1.541 billion from $1.526 billion to $1.534 billion, with year-over-year growth now about 25% versus 24%.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue387371311+4.5%+24.6%
Cost of revenue99.810176.1-1.6%+31.1%
Gross profit287269235+6.8%+22.4%
Gross margin74.2%72.6%75.5%
Research and development97.591.972.7+6.1%+34.2%
Operating income-4.5-15.0-10.8
Operating margin-1.2%-4.0%-3.5%
Pre-tax income2.1-7.1-0.6
Income tax1.41.7-0.2-22.0%
Effective tax rate65.9%n/an/a
Net income0.7-8.8-0.4
Net margin0.2%-2.4%-0.1%
Diluted EPS$0.00-$0.03$0.00
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow52.693.954.8-43.9%-3.9%
Capital expenditure8.06.62.3+21.7%+250.7%
Free cash flow44.787.352.5-48.8%-14.9%
Free cash flow margin11.5%23.6%16.9%
Cash from investing-27.9-11.0-9.7
Cash from financing-152-235-0.3
Depreciation and amortisation12.77.34.4+74.2%+189.2%
Share-based compensation42.151.340.4-17.9%+4.2%
Buybacks1512340.0-35.4%
Diluted shares, weighted286m297m301m-3.5%-4.8%
Shares outstanding at period end282m285m302m-1.1%-6.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity8669671,142-10.5%-24.2%
Debt0.00.00.0
Operating lease liabilities10790.688.9+17.9%+20.2%
Other liabilities322327234-1.5%+37.4%
Total liabilities and equity1,2941,3841,465-6.5%-11.7%
Fixed assets94.989.167.3+6.5%+41.1%
Cash and equivalents705833980-15.3%-28.0%
Receivables81.679.461.2+2.7%+33.2%
Other assets412383356+7.7%+15.8%
Total assets1,2941,3841,465-6.5%-11.7%

Questions

What was Klaviyo's revenue in Q3 FY2026?

Klaviyo (KVYO) reported revenue of $387 million for Q3 FY2026, the quarter ended 30 September 2026, up 24.6% on the same quarter a year earlier.

How much did Klaviyo earn in Q3 FY2026?

Net income for Q3 FY2026 was $704,000, and diluted earnings per share $0.00.

When did Klaviyo report Q3 FY2026 results?

Klaviyo filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 16 quarters

Q3 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue119156165176202210222235270280293311350358371387
Cost of revenue32.636.637.558.845.044.950.354.471.767.771.276.197.489.110199.8
Gross profit86.5120127117157165172181198212222235253269269287
Gross margin73%77%77%67%78%79%77%77%73%76%76%76%72%75%73%74%
R&D30.135.033.114152.656.155.755.870.969.372.572.776.780.091.997.5
Operating income-25.70.97.0-302-36.3-22.1-14.1-13.3-34.7-23.8-31.3-10.8-1.81.7-15.0-4.5
Operating margin-22%1%4%-172%-18%-11%-6%-6%-13%-8%-11%-3%-1%0%-4%-1%
Pre-tax income-23.64.711.5-296-26.9-12.5-4.1-2.5-24.6-15.2-22.5-0.67.710.7-7.12.1
Tax raten/a8%5%n/an/an/an/an/an/an/an/an/a9%16%n/a66%
Net income-23.94.310.9-297-26.3-12.9-4.9-1.3-27.0-14.1-24.3-0.47.09.0-8.80.7
Net margin-20%3%7%-169%-13%-6%-2%-1%-10%-5%-8%-0%2%3%-2%0%
Diluted EPS-$0.10$0.02$0.04-$1.24-$0.10-$0.05-$0.02-$0.01-$0.10-$0.05-$0.09$0.00$0.02$0.03-$0.03$0.00
Operating cash flown/a15.641.523.738.626.240.938.860.114.455.754.893.234.393.952.6
Capital expendituren/a0.30.40.12.81.30.81.52.32.72.12.32.511.76.68.0
Free cash flown/a15.241.023.635.824.940.137.257.711.753.752.590.722.687.344.7
Buybacksn/an/an/an/an/an/an/an/an/a0.00.00.0n/a100234151
Shares outstandingn/an/an/an/an/an/an/an/a273m276m300m302m305m299m285m282m
Filing10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.