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Get filing alertsKlaviyo beats Q2 with 26% revenue growth, raises FY26 guidance, acquires Agency team
Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read
Key Changes
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Q2 revenue of $370.6M grew 26% YoY, driven by enterprise, international (up 35%), and multi-product adoption (20% of ARR from 3+ products).
Exhibit 99.1 view on EDGAR → -
high
Raised FY26 revenue guidance to $1.526B–$1.534B (24% growth), the second consecutive raise, signaling sustained demand momentum.
Exhibit 99.1 view on EDGAR → -
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Q2 non-GAAP operating income of $50.9M (14% margin) and free cash flow of $82.9M (22.4% margin) both improved YoY, though GAAP operating loss persisted at $15.0M.
Exhibit 99.1 view on EDGAR → -
medium
Agreed to acquire Agency's team and technology; co-founder Elias Torres will join as Chief Product Officer to accelerate AI-native CRM strategy.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased $233.6M of shares in Q2 and $333.6M year-to-date, a new capital allocation priority with no prior-year comparable activity.
Exhibit 99.1 view on EDGAR →
Summary
Klaviyo reported a strong Q2 FY26, with revenue of $370.6 million growing 26% year-over-year and management raising full-year guidance for the second consecutive quarter to $1.526B–$1.534B (24% growth). The beat was broad-based: international revenue grew 35%, and 20% of ARR now comes from customers using three or more products, validating the company's multi-product land-and-expand strategy.
Non-GAAP operating margin held at 14% while free cash flow margin expanded to 22.4%, demonstrating operating leverage even as the company remains GAAP-unprofitable. The Agency acquisition brings AI-native customer success capabilities and a high-profile product leader in Elias Torres, who will join as Chief Product Officer.
Management framed the deal as accelerating Klaviyo's autonomous CRM roadmap, though financial terms were not disclosed. Separately, Klaviyo repurchased $233.6 million of shares in the quarter, a new use of cash that signals confidence but also raises questions about capital allocation priorities given the company's GAAP losses and growth investments. Investors should watch whether the guidance raise reflects durable demand or pull-forward from macro uncertainty, and how the Agency integration affects product velocity and profitability timelines.
Section-by-Section Diff
Event · Exhibit 99.1
Klaviyo reported Q2 FY26 revenue of $370.6M (+26% YoY), raised FY26 revenue guidance to $1.526B–$1.534B (+24% YoY), and announced an acquisition of Agency's team.
Added in current filing · view on EDGAR →
Second quarter revenue of $370.6 million, representing 26% year-over-year growth
Klaviyo disclosed Q2 FY26 revenue of $370.6 million, up 26% year-over-year from $293.1 million in Q2 FY25. The company attributed the growth to broad-based strength across enterprise, international, and multi-product adoption, with international revenue growing 35% year-over-year and 20% of ARR coming from customers using three or more products.
Added in current filing · view on EDGAR →
Raises FY26 revenue guidance to $1.526 billion to $1.534 billion, for year-over-year growth of 24%
Klaviyo raised its full-year FY26 revenue guidance to a range of $1.526 billion to $1.534 billion, representing 24% year-over-year growth. The company also provided Q3 FY26 revenue guidance of $377 million to $381 million (21.5% to 22.5% growth). This is the second consecutive guidance raise, signaling management confidence in sustained demand.
Added in current filing · view on EDGAR →
Non-GAAP Operating Income $50.9 ... Non-GAAP Operating Margin 14% ... Free Cash Flow $82.9
Klaviyo reported Q2 FY26 non-GAAP operating income of $50.9 million (14% margin), up from $40.9 million (14% margin) in Q2 FY25. Free cash flow was $82.9 million (22.4% margin) versus $59.3 million (20.2% margin) in the prior-year quarter. The company maintained a GAAP operating loss of $15.0 million but improved from a $31.3 million loss in Q2 FY25.
Added in current filing · view on EDGAR →
Reached an agreement to acquire the team and technology of Agency, an AI-native customer success company, with co-founder and CEO Elias Torres to become Chief Product Officer following closing.
Klaviyo announced an agreement to acquire the team and technology of Agency, an AI-native customer success company. Agency's co-founder and CEO, Elias Torres, will join Klaviyo as Chief Product Officer upon closing. Management stated the acquisition will accelerate Klaviyo's autonomous B2C CRM strategy and expand the capabilities of its AI agents.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify