Klaviyo's second quarter revenue grew 26% to $370.6M, beating estimates and prompting a raised full-year 2026 forecast.

Klaviyo reported second quarter revenue of $370.6 million, up 26% year-over-year, surpassing analyst expectations. The company posted a non-GAAP diluted EPS of $0.19, in line with estimates. Following the strong quarter, Klaviyo raised its full-year 2026 revenue guidance to a range of $1.526 billion to $1.534 billion.

Key Highlights

• Revenue for the second quarter increased 26% YoY to $370.6 million, exceeding the consensus estimate of $362.1 million.
• The number of customers generating over $50,000 in ARR grew 36% year-over-year to 4,477.
• Dollar-Based Net Revenue Retention Rate (NRR) was 109%, an increase of one percentage point from the prior year.
• The company raised its full-year 2026 revenue forecast to a new range of $1.526 billion to $1.534 billion, representing 24% YoY growth at the midpoint.