KVYO · Klaviyo, Inc.

Klaviyo reported a strong start to fiscal 2026, with Q1 revenue of $358.0 million representing 28% year-over-year growth. The company highlighted the success of its autonomous strategy and AI integration, driving record operating efficiency. Non-GAAP operating margin reached 16%, the highest level since becoming a public company, while revenue per full-time employee surpassed $600,000, up over 25% year-over-year. The company also announced a $500 million share repurchase authorization, signaling confidence in its capital allocation strategy and cash generation capabilities. In a significant leadership transition, CFO Amanda Whalen announced her intention to step down effective August 21, 2026. Whalen, who guided the company through its IPO, will transition to an advisory role until November 16, 2026, to ensure a smooth handover. The company stated her departure is a personal decision and not related to any disagreement or financial performance issues. A formal search for a successor is underway. Looking forward, management raised full-year revenue guidance to $1.514 billion to $1.522 billion, implying 23% growth, citing durable results and strong momentum in international markets and enterprise adoption.