Klaviyo Q1 revenue beats estimates, raises FY outlook

Klaviyo

05/05/2026 21:42

Overview

B2C CRM software firm's Q1 revenue rose 28%, beating analyst expectations

Company raised FY26 revenue outlook and authorized $500 mln share buyback

Outlook

Klaviyo raises FY26 revenue guidance to $1.514 bln-$1.522 bln, for 23% YoY growth

Company expects Q2 FY26 revenue between $359 mln and $363 mln

Company sees durable results from customer consolidation and deepening AI adoption

Result Drivers

PLATFORM ADOPTION - Co said more brands are using more of Klaviyo's platform to drive results, citing momentum in autonomous CRM strategy

CUSTOMER EXPANSION - Co reported total customers rose to over 196,000, with customers generating over $50,000 of ARR up 38% year-over-year to 4,175

INTERNATIONAL GROWTH - Revenue outside the Americas grew 39%, with EMEA excluding the UK up 51%

Company press release: ID:nBw4j50Mha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$358 mln
$348.28 mln (22 Analysts)
Q1 Net Income
$9.04 mln
Q1 Adjusted Gross Profit
$271.10 mln
Q1 Adjusted Operating Profit
$58.60 mln
Q1 Gross Profit
$268.90 mln
Q1 Pretax Profit
$10.72 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Klaviyo Inc is $31.00, about 38% above its May 4 closing price of $22.47

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)