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Klaviyo vs Bill Holdings: KVYO and BILL compared
Klaviyo is the larger company: $387M of revenue in its latest quarter (Q3 2026) against $354M for Bill Holdings (Q1 FY27). Klaviyo is growing faster (+25% against +12% a year earlier). Bill Holdings is more profitable, with an operating margin of 14.5% against -1.2%.
Where the money goes: KVYO and BILL
Klaviyo (KVYO) · Q3 2026
Klaviyo, Q3 2026: revenue $387M (+25% year over year), operating margin -1.2%, net earnings $704K, operating cash flow $52.6M. The chart follows the revenue to costs, profit and cash.
Bill Holdings (BILL) · Q1 FY27
Bill Holdings, Q1 FY27: revenue $354M (+12% year over year), operating margin 14.5%, net earnings $60.3M, operating cash flow $96.8M. The chart follows the revenue to costs, profit and cash.
| Klaviyo (KVYO) | Bill Holdings (BILL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $387M | $354M |
| Revenue growth, Y/Y | +25% | +12% |
| Gross margin | — | 76.9% |
| Operating margin | -1.2% | 14.5% |
| Net earnings | $704K | $60.3M |
| Net margin | 0.2% | 17.0% |
| Operating cash flow | $52.6M | $96.8M |
| Free cash flow | $24.8M | $82.9M |
| Market value | $5.9B | $5.3B |
| P/E | — | 101.8× |
| Analysts’ mean target | $26.98 | $57.55 |
Where the revenue comes from
Bill Holdings
- Subscription and transaction fees: $316M (89%)
- Interest on funds held for customers: $37.4M (11%)
Questions
Which is bigger, Klaviyo or Bill Holdings?
Klaviyo is the larger company: $387M of revenue in its latest quarter (Q3 2026) against $354M for Bill Holdings (Q1 FY27).
Is Klaviyo or Bill Holdings growing faster?
Klaviyo is growing faster (+25% against +12% a year earlier).
Which is more profitable, Klaviyo or Bill Holdings?
Bill Holdings is more profitable, with an operating margin of 14.5% against -1.2%.
More: Klaviyo earnings · how Klaviyo makes money · Bill Holdings earnings · how Bill Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.