Klaviyo reported strong third quarter results, outperforming estimates on both revenue and profitability. The company saw significant momentum in its enterprise tier and international markets, while multi-product adoption expanded to represent 22% of total ARR.
Key Highlights
- Enterprise scale accelerated as customers generating over $50,000 in ARR grew 33% year-over-year to 4,725, while the $500,000+ cohort surged 57%.
- Profitability significantly exceeded guidance with a non-GAAP operating margin of 15%, compared to the 10.75% analyst expectation.
- Management raised full-year 2026 revenue guidance to a range of $1.537 billion to $1.541 billion, representing approximately 25% annual growth.
- International revenue outside the Americas grew 32% year-over-year, outpacing the company's total growth rate.
- A new $300 million share repurchase program was authorized following the completion of a prior $500 million authorization in October.