Sweden's Klarna Q2 revenue beats estimates; lowers FY outlook

Klarna

18/08/2026 12:45

Overview
Sweden-based digital bank's Q2 revenue rose 27% yr/yr, beating analyst expectations
Adjusted operating income jumped 214% to $91 mln
Company lowered full-yr GMV and revenue outlook but raised transaction margin dollar forecast

Outlook
Klarna now sees 2026 GMV at $149 bln–$151 bln, down from prior guidance above $155 bln, citing FX and measured German volumes
Company expects 2026 revenue of $4.08 bln–$4.16 bln, below previous guidance above $4.34 bln
Klarna raises 2026 transaction margin dollar guidance to $1.62 bln–$1.65 bln from above $1.61 bln

Result Drivers
CONSUMER ENGAGEMENT - Higher average revenue per active consumer and increased use for everyday spending drove revenue growth
MERCHANT EXPANSION - Merchant numbers rose 54% yr/yr, supported by new payment platform integrations
IMPROVED TRANSACTION ECONOMICS - Transaction margin dollars grew faster than revenue and volume, with margin as a share of revenue increasing and credit provisions remaining low

Company press release: ID:nBw2lQG9La

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.04 bln
$993.79 mln (15 Analysts)
Q2 GMV
 
$36.6 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Klarna Group PLC is $23.50, about 20.5% above its August 17 closing price of $19.51
The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 85 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)