cust.co / Compare / HubSpot vs Klaviyo

HubSpot vs Klaviyo - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Sales & Marketing Tech. Both at Public stage.

Klaviyo leads by +7pp on latest NRR (110% vs 103%).

NRR over time

99%105%110%116%122% FY2021-Q4FY-2023FY-2024FY2025-Q3FY2026-Q1FY2023-Q3FY2024-Q3 NRR HubSpot Klaviyo HubSpot - FY2021-Q4: 115% HubSpot - FY2022-Q2: 104% HubSpot - FY2023-Q1: 110% HubSpot - FY-2023: 103% HubSpot - FY2024-Q1: 102% HubSpot - FY2025-Q2: 103% HubSpot - FY-2024: 102% HubSpot - FY2024-Q4: 104% HubSpot - FY2025-Q1: 102% HubSpot - FY2025-Q3: 103% HubSpot - FY-2025: 103% HubSpot - FY2025-Q4: 105% HubSpot - FY2026-Q1: 103% Klaviyo - FY2025-Q2: 108% Klaviyo - FY-2024: 108% Klaviyo - FY2024-Q4: 110% Klaviyo - FY2025-Q1: 108% Klaviyo - FY2025-Q3: 109% Klaviyo - FY-2025: 110% Klaviyo - FY2025-Q4: 110% Klaviyo - FY2026-Q1: 110% Klaviyo - FY2020-Q4: 108% Klaviyo - FY-2020: 110% Klaviyo - FY2023-Q3: 119% Klaviyo - FY2024-Q3: 110%

Klaviyo hit a higher all-time peak (119% in FY2023-Q3).

Stat-by-stat

Metric HubSpot Klaviyo
Latest NRR 103% 110%
All-time peak NRR 115.2% 119%
All-time low NRR 101.8% 108%
QoQ change -2pp +0pp
YoY change +1pp +2pp
3-year change -12.2pp -
Disclosures tracked 13 12

Customer cohorts

MetricHubSpotKlaviyo
Total customers 300,000 196,000
Over $100K ARR - 1,000
Over $1M ARR - -
Top-10 concentration - -
Average ACV $11,700 -
US revenue mix 51% 60.1%

Commercial structure

MetricHubSpotKlaviyo
Total RPO - $254M
Current RPO (12mo) - $236M
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 98% -
New customers added 10,800 26,000

Post-sales motion

MetricHubSpotKlaviyo
CS team size - -
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence annual monthly
CSM coverage model hybrid hybrid
Top customer exec Yamini Rangan Chano Fernández

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