Klarna Group (KLAR) Company Report

Analyst Coverage

Research analysts who have asked questions during Klarna Group earnings calls.

Darrin Peller

Wolfe Research, LLC

2 questions for KLAR

Also covers: ACN, ADYYF, AFRM +27 more

Harry Bartlett

Rothschild & Co Redburn

2 questions for KLAR

Also covers: AFRM

Harshita Rawat

AllianceBernstein

2 questions for KLAR

Also covers: ADYYF, FI, FISV +5 more

James Faucette

Morgan Stanley

2 questions for KLAR

Also covers: ACN, ADP, AFRM +29 more

Jason Kupferberg

Bank of America

2 questions for KLAR

Also covers: ACN, ADP, AFRM +16 more

Mihir Bhatia

Bank of America

2 questions for KLAR

Also covers: ACT, AFRM, AXP +13 more

Nate Svensson

Deutsche Bank

2 questions for KLAR

Also covers: AFRM, BILL, CPAY +10 more

Robert Wildhack

Autonomous Research

2 questions for KLAR

Also covers: AFRM, ALLY, AXP +7 more

Sanjay Sakhrani

Keefe, Bruyette & Woods (KBW)

2 questions for KLAR

Also covers: ALLY, AVDX, AXP +19 more

Tien-tsin Huang

JPMorgan Chase & Co.

2 questions for KLAR

Also covers: ACN, ADP, ALIT +25 more

Timothy Chiodo

UBS Group AG

2 questions for KLAR

Also covers: AFRM, AVDX, CHYM +18 more

Will Nance

Goldman Sachs

2 questions for KLAR

Also covers: AFRM, AMTD, CHYM +18 more

Latest news

Recent press releases and 8-K filings for KLAR.

Klarna Announces Strong Q4 2025 Results and 2026 Outlook

KLAR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Klarna reported strong Q4 2025 results, with revenue growing 38% to over $1 billion and GMV reaching $38.7 billion, both exceeding guidance. Active consumers grew 28% year-over-year to 180 million, and merchants increased 42% to 966,000.
Transaction margin dollars after provisions increased 17% year-over-year to $372 million in Q4 2025, despite a temporary drag from upfront provisioning for new lending growth. Provision for credit losses declined from 0.72% of GMV in Q3 to 0.65% in Q4.
The company's banking products, including Fair Financing, Klarna Card, and deposit accounts, are accelerating adoption and driving growth. Klarna also achieved $1.24 million in revenue per employee in 2025, a 3.6x increase since 2022, while adjusted operating expenses declined 8% since 2022.
For 2026, Klarna expects GMV and revenue growth to be in line with 2025, with revenue compounding and transaction margin growth accelerating into the second half. Adjusted operating income margins are projected to be greater than 6.9%.

8 days ago

Transcript

Klarna Reports Strong Q4 2025 Results and Provides 2026 Outlook

KLAR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Klarna reported strong Q4 2025 financial performance, with revenue growing 38% to over $1 billion and GMV reaching $38.7 billion, both exceeding guidance. Full-year 2025 GMV was over $127 billion.
Active consumers grew 28% year-over-year to 180 million, and merchants increased 42% to 966,000. The company also achieved significant operational efficiency, with revenue per employee reaching $1.24 million in 2025, a 3.6x increase since 2022.
Transaction margin dollars in Q4 2025 were below guidance primarily due to accelerated lending growth and upfront provisioning for fair financing. For instance, $2.5 billion in U.S. BNPL financing originated in Q4 2025 led to $80 million in upfront provisions against $40 million in recognized revenue.
For 2026, Klarna expects GMV and revenue growth to be in line with 2025, with transaction margin growth accelerating in the second half as fair financing cohorts mature. Adjusted operating income margins are projected to exceed 6.9%.

8 days ago

Transcript

Klarna Group Reports Strong Q4 2025 Growth Amidst Lending-Related Margin Pressures

KLAR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Klarna Group reported robust growth in Q4 2025, with revenue increasing 38% to over $1 billion and GMV reaching $38.7 billion, both exceeding guidance. Active consumers grew 28% to 180 million, and merchants increased 42% to 966,000.
Transaction margin dollars after provisions were $372 million, up 17% year-over-year, but did not meet guidance primarily due to the accelerated growth in lending products which requires upfront provisioning. For example, $2.5 billion in U.S. BNPL financing in Q4 2025 resulted in a $40 million headwind from upfront provisions.
The company saw significant adoption of its banking services, with active Klarna Card users growing 288% year-over-year to 4.2 million, and Klarna banking customers increasing 101% to 15.8 million. Consumer deposits also rose 37% to $13 billion.
For 2026, Klarna expects to continue expanding revenues faster than operating costs and anticipates continuous transaction margin dollar acceleration through the second half of the year.

8 days ago

Transcript

Klarna Group Announces Q4 2025 Results

KLAR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Klarna Group reported Q4 2025 revenue of $1,082 million, surpassing its guidance of $1,065-1,080 million, and a key performance metric (likely Gross Merchandise Volume) of $38.7 billion, also exceeding its guidance of $37.5-38.5 billion.
However, a profit metric (likely net profit) of $372 million for Q4 2025 was below the company's guidance of $390-400 million.
The company demonstrated strong growth in its ecosystem, with active consumers increasing 28% to 117.9 million and total merchants growing 42% year-over-year to 966k in Q4 2025.
Klarna's banking segment experienced significant expansion, with banking consumers growing 101% to 15.8 million and consumer deposits reaching $13.0 billion.
Operational efficiency improved, with average revenue per employee reaching $1,240k in 2025, alongside a reduced employee count of 2,831.

8 days ago

Presentation

Klarna Reports First Billion-Dollar Revenue Quarter in Q4 2025

KLAR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Klarna reported its first billion-dollar revenue quarter in Q4 2025, with revenue growing 38% year-over-year to $1.082 billion and GMV reaching $38.7 billion, both exceeding guidance.
The company saw significant acceleration in its banking services, with banking consumers doubling to 15.8 million and active Klarna Card users reaching 4.2 million. Fair Financing GMV growth accelerated to 165% year-over-year.
Provisions for credit losses declined to 0.65% of GMV in Q4 2025, down from 0.72% in Q3 2025, reflecting stable delinquency trends.
Klarna achieved an adjusted operating profit of $47 million in Q4 2025, though it reported a net loss of $26 million for the quarter.
The company provided Q1 2026 guidance including GMV of $32-$33 billion, Revenue of $900-$980 million, and Adjusted operating profit of $5-$35 million.

8 days ago

6-K

Klarna Group Faces Securities Class Action Over IPO Allegations

KLAR

Legal Proceedings

Profit Warning

Klarna Group (KLAR) is facing a securities class action regarding alleged misstatements in its September 2025 Initial Public Offering (IPO) documents.
The lawsuit claims IPO documents misled investors by emphasizing strong credit modeling while allegedly omitting aggressive lending to financially unsophisticated consumers, including for high-risk items like fast-food deliveries.
Shortly after the IPO, Klarna reported a 102% year-over-year increase in its provision for credit losses, which caused shares to plunge well below the $40 IPO price and eventually trade nearly 22% below its IPO price.
The lead plaintiff deadline for the class action is February 20, 2026.

Feb 3, 2026, 1:45 PM

Press Release

Klarna Group Faces Securities Class Action Over Alleged IPO Misstatements

KLAR

Legal Proceedings

Profit Warning

Hagens Berman is investigating Klarna Group (KLAR) for alleged misstatements in its September 2025 Initial Public Offering (IPO) documents.
The lawsuit claims Klarna's IPO documents understated credit risks and omitted aggressive lending to financially vulnerable consumers for high-risk items.
On November 18, 2025, weeks after the IPO, Klarna reported a 102% year-over-year increase in its provision for credit losses.
Following this news, Klarna's shares plunged, eventually trading nearly 22% below its $40 IPO price.

Jan 30, 2026, 8:53 PM

Press Release

Klarna Group Faces Securities Class Action Investigation

KLAR

Legal Proceedings

Profit Warning

Hagens Berman is investigating Klarna Group (KLAR) regarding a pending securities class action alleging misstatements in its September 2025 Initial Public Offering (IPO) documents.
The lawsuit claims Klarna's IPO documents failed to disclose aggressive lending practices to financially vulnerable consumers, including for high-risk items like fast-food deliveries.
On November 18, 2025, shortly after the IPO, Klarna reported a 102% year-over-year increase in its provision for credit losses, causing shares to plunge well below the $40 IPO price.
The lead plaintiff deadline for investors who purchased Klarna shares pursuant to the September 2025 IPO is February 20, 2026.

Jan 26, 2026, 6:54 PM

Press Release

Klarna Group Faces Securities Class Action Investigation

KLAR

Legal Proceedings

Profit Warning

Accounting Changes

Hagens Berman is investigating a securities class action against Klarna Group (KLAR) concerning alleged misstatements in its September 2025 Initial Public Offering (IPO) documents.
The lawsuit claims Klarna understated credit risks and aggressively lent to financially vulnerable consumers, including for high-risk items like fast-food deliveries.
Weeks after the IPO, Klarna reported a 102% year-over-year increase in its provision for credit losses, causing its stock price to plunge 22% below the $40 IPO price.
The lead plaintiff deadline for investors who suffered losses from purchasing Klarna shares in the IPO is February 20, 2026.

Jan 22, 2026, 8:50 PM

Press Release

Klarna and OnePay Announce Swipe to Finance Feature

KLAR

Product Launch

New Projects/Investments

Klarna and OnePay announced Swipe to Finance, a new OnePay Later option that will allow eligible OnePay Cash customers to convert recent debit purchases into fixed-term payment plans directly within the OnePay app.
The feature, which will be powered by Klarna, is scheduled to launch in the coming months.
This collaboration is part of a broader roadmap between OnePay and Klarna, building on an installment-loan partnership announced in March 2025, with additional products and features planned for later this year.