Klaviyo (NYSE:KVYO – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05, FiscalAI reports. The business had revenue of $387.21 million for the quarter, compared to analysts’ expectations of $380.02 million. Klaviyo had a net margin of 0.49% and a return on equity of 5.67%. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share.
Here are the key takeaways from Klaviyo’s conference call:
- Klaviyo reported Q3 revenue of $387.2 million, up 25% year over year, and raised its 2026 revenue and operating income outlook. Q4 revenue guidance implies 21% growth at the midpoint.
- Enterprise and multi-product momentum strengthened: customers with at least $500,000 in ARR grew 57% year over year to 105, and multi-product deals accounted for 43% of new ARR. International revenue outside the Americas rose 32%.
- Composer usage rose sharply after its latest release, but adoption remains early, with daily active accounts using it around 5% of Klaviyo’s total. Management is prioritizing broader adoption and workflow automation before focusing on monetization.
- Net revenue retention was 108%, with profile enforcement expected to remain a headwind through Q1 and more customers landing with multiple products potentially reducing later expansion. Management also expects Q4 gross margin to step down as text messaging becomes a larger seasonal mix.
Klaviyo Price Performance
Klaviyo stock traded down $0.10 during mid-day trading on Wednesday, reaching $21.23. The stock had a trading volume of 7,829,321 shares, compared to its average volume of 5,154,837. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 1,062.13 and a beta of 0.50. The company has a 50-day moving average price of $18.02 and a two-hundred day moving average price of $18.00. Klaviyo has a one year low of $12.53 and a one year high of $33.35.
Analysts Set New Price Targets
Several research analysts have commented on the stock. TD Cowen decreased their price objective on shares of Klaviyo from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wells Fargo & Company lifted their target price on shares of Klaviyo from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Mizuho set a $28.00 price target on shares of Klaviyo in a research report on Thursday, August 6th. KeyCorp reduced their price target on shares of Klaviyo from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group decreased their price objective on Klaviyo from $32.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.05.
Check Out Our Latest Analysis on KVYO
Insider Activity at Klaviyo
In other Klaviyo news, Director Ed Hallen sold 97,482 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $17.40, for a total transaction of $1,696,186.80. Following the completion of the sale, the director directly owned 55,290 shares in the company, valued at approximately $962,046. This trade represents a 63.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Landon Edmond sold 8,103 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $20.44, for a total transaction of $165,625.32. Following the sale, the insider owned 477,866 shares of the company’s stock, valued at approximately $9,767,581.04. This represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,275,468 shares of company stock worth $93,822,653 in the last ninety days. 37.42% of the stock is currently owned by company insiders.
Klaviyo Company Profile
Klaviyo, Inc (NYSE: KVYO) provides a customer data and marketing automation platform designed primarily for businesses that sell online. Its software helps organizations collect, organize and analyze customer information, then use those insights to create personalized marketing and customer engagement campaigns.
The company’s platform supports communication across channels including email, SMS and mobile push notifications. Its products provide tools for audience segmentation, campaign orchestration, automation, analytics and reporting, with capabilities intended to help businesses improve customer acquisition, engagement and retention.
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