NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Klarna Group plc (“Klarna” or the “Company”) (NYSE: KLAR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Klarna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around September 10, 2025, Klarna completed its initial public offering (“IPO”), selling 34.3 million shares priced at $40.00. Then, on August 18, 2026, Klarna announced its financial results for the second quarter of 2026. Among other items, Klarna significantly lowered its full-year 2026 revenue forecast to a range of $4.08 billion to $4.16 billion, down sharply from previous guidance of more than $4.34 billion. Klarna also announced that the Company’s Chief Financial Officer and Chief Marketing Officer would both depart Klarna early in 2027.
On this news, Klarna’s ordinary share price fell $4.45, or 22.81%, to close at $15.06 per share on August 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Insider purchases are one of many signals that investors can use to gauge the outlook of a stock. While insider buys are just one piece of a larger picture, they can be particularly notable when made by a company’s top executive: the CEO.
Amid a run of poor performance in 2026, the CEOs of three companies just signaled significant confidence in the path forward. Combined, their purchases total more than $20 million across their respective companies, suggesting the market may be undervaluing these three names.
Get Alibaba Group alerts:
Alibaba CEO Among Recent Insider Buyers With Shares Down in 2026First up is one of the largest purchasers of AI hardware outside of the United States, Chinese e-commerce giant and cloud platform Alibaba Group NYSE: BABA. This giant’s stock has run into trouble in 2026 as the company invests both in AI initiatives and its e-commerce network. These investments have put significant pressure on Alibaba’s profitability, with its non-adjusted net income falling 75% year-over-year (YOY) last quarter.
Alibaba Group Today
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As of 09/3/2026 03:58 PM Eastern
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However, the company's cloud business grew impressively by 45% YOY, and its AI-related product revenue grew by triple digits for the twelfth quarter in a row. Additionally, Alibaba's Zhenwu chips are now being used by more than 650 cloud customers. However, profitability concerns have outweighed these positive developments, leaving shares down more than 20% on the year.
Amid this backdrop, multiple top insiders are buying in. This includes CEO Eddie Wu and director Joseph Tsai. In total, their recent purchases come in at just over $15 million. These buys came in near $14.30 per ordinary Alibaba share. With one ordinary share equal to eight of Alibaba’s American Depositary Receipts (ADR), the purchase prices were near $114.40, very close to the NYSE-listed stock's recent levels.
Compared with their very large BABA holdings, these insiders' buys were not huge; for example, Wu’s position increased by around 2.6%. However, the purchases do signal confidence from key players, providing a moderately bullish signal for the stock.
Klarna Leader Ups Stake by $10 Million as Shares Tank Post-EarningsPayments platform and fintech company Klarna NYSE: KLAR was one of the market's more discussed IPOs in 2025. Shares popped 15% on their first day of trading, demonstrating the initial excitement around the company. However, the stock’s trajectory has been nearly all downhill since. Shares are down more than 65% from that point and have seen significant bouts of volatility along the way. Following Klarna’s last three earnings reports, the stock has moved up or down by 20% or more the following day.
Klarna Group Today
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Klarna’s latest report was on the wrong side of the equation, with shares plummeting 22.8%. Despite beating on revenue, earnings per share (EPS), and raising profitability guidance, its growth outlook disappointed.
The company lowered its gross merchandise value guidance, which measures the value of products sold through its platform, to $150 billion at the midpoint. This came due to spending weakness in Germany, Klarna’s largest market by volume.
Evidently, Klarna’s CEO believes that the stock has fallen too far. Sebastian Siemiatkowski bought almost $10 million worth of Klarna shares at $14.37 days after the report, a price near the stock’s recent levels. This buy was also relatively small, increasing Siemiatkowski’s position by around 2.8%, providing another moderately bullish indicator.
CoStar CEO Adds to Huge Position With Shares Down Over 50%Real estate analytics and marketplace platform provider CoStar Group NASDAQ: CSGP has also seen its share price take a huge hit in 2026. The stock is down approximately 50% on the year, reflecting the company’s declining growth rate. After accelerating to its highest YOY growth rate in 10 years during Q4 2025, the metric has moved in the opposite direction.
CoStar Group Today
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CoStar recently cut its guidance, currently expecting to generate full-year revenue growth of 15% YOY, compared to its previous midpoint guidance of 17% YOY.
However, management claims that decelerating its growth rate is a deliberate decision as it pursues more profitable growth. In this respect, CoStar has been successful, with its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubling last quarter.
This disconnect between the company’s strategy and the market’s appetite for growth may be why insiders are buying in. In Q2 and so far in Q3, CoStar has seen insider purchases of around $2.5 million. Notably, CEO Andrew Florance recently bought 83,000 shares at $29.89, about 5% below the stock’s latest levels. However, the buy was very small relative to Florance’s total holdings of around 1.8 million shares. Overall, the combination of these factors provides a mildly positive signal for the stock.
Analysts Eye Huge Upside in AlibabaAmong this group, Wall Street analysts continue to show a high degree of confidence in Alibaba’s outlook. With shares down more than 20% in 2026, the MarketBeat consensus price target near $189 forecasts a rebound of more than 60%.
For Alibaba, a key watch item will be whether the company can improve its adjusted EBITDA margins over time. Last quarter, the figure fell to 10% versus 16% in the prior year. A rebound in this figure would indicate that its investments are beginning to meaningfully translate into greater operating profitability.
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Klarna Group plc - KLAR PR Newswire
NEW YORK, Sept. 3, 2026
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Klarna Group plc ("Klarna" or the "Company") (NYSE: KLAR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Klarna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around September 10, 2025, Klarna completed its initial public offering ("IPO"), selling 34.3 million shares priced at $40.00. Then, on August 18, 2026, Klarna announced its financial results for the second quarter of 2026. Among other items, Klarna significantly lowered its full-year 2026 revenue forecast to a range of $4.08 billion to $4.16 billion, down sharply from previous guidance of more than $4.34 billion. Klarna also announced that the Company's Chief Financial Officer and Chief Marketing Officer would both depart Klarna early in 2027.
On this news, Klarna's ordinary share price fell $4.45, or 22.81%, to close at $15.06 per share on August 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-klarna-group-plc---klar-302868631.html
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Klarna Group plc ("Klarna" or the "Company") (NYSE: KLAR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Klarna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around September 10, 2025, Klarna completed its initial public offering ("IPO"), selling 34.3 million shares priced at $40.00. Then, on August 18, 2026, Klarna announced its financial results for the second quarter of 2026. Among other items, Klarna significantly lowered its full-year 2026 revenue forecast to a range of $4.08 billion to $4.16 billion, down sharply from previous guidance of more than $4.34 billion. Klarna also announced that the Company's Chief Financial Officer and Chief Marketing Officer would both depart Klarna early in 2027.
On this news, Klarna's ordinary share price fell $4.45, or 22.81%, to close at $15.06 per share on August 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Klarna Group plc (“Klarna” or the “Company”) (NYSE: KLAR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Klarna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around September 10, 2025, Klarna completed its initial public offering (“IPO”), selling 34.3 million shares priced at $40.00. Then, on August 18, 2026, Klarna announced its financial results for the second quarter of 2026. Among other items, Klarna significantly lowered its full-year 2026 revenue forecast to a range of $4.08 billion to $4.16 billion, down sharply from previous guidance of more than $4.34 billion. Klarna also announced that the Company’s Chief Financial Officer and Chief Marketing Officer would both depart Klarna early in 2027.
On this news, Klarna’s ordinary share price fell $4.45, or 22.81%, to close at $15.06 per share on August 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Here Are Monday’s Top Wall Street Analyst Research Calls: Brown-Forman, Cava Group, Dow, GE Vernova, Global Payments, Netflix, Shake Shack, Starbucks, Verizon, and More Pre-Market Stock Futures: Futures are trading lower once again on Monday, following a horrible week on Wall Street. With all of Wall Street looking for a solid non-farm payrolls report of 65,000 jobs added,…
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Here Are Tuesday’s Top Wall Street Analyst Research Calls: Blackstone, Blue Owl Capital, Booking Holdings, Cheniere Energy, Comcast, Domino’s Pizza, KeyCorp, Qualcomm, and More Pre-Market Stock Futures: Futures are trading higher this morning after a dreadful day to start the trading week. Various reasons were cited for the risk-off bias on Monday, but the tariff situation, which the…
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Here Are Wednesday’s Top Wall Street Analyst Research Calls: Bloom Energy, Caesars Entertainment, CarMax, Caterpillar, Ford, MPLX LP, Noble, Reddit, Texas Instruments, and More Wall Street analysts reshuffled their bets on Wednesday with a wave of upgrades, downgrades, and fresh initiations spanning energy, autos, crypto infrastructure, and quantum computing. Find out which names got boosted and which got…
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Here Are Tuesday’s Best Wall Street Analyst Research Calls: Dynatrace, Emerson Electric, Exxon Mobil, Flutter Entertainment, Genuine Parts, nVent Electric, Palantir Technologies, Roku, and More Pre-Market Stock Futures: Futures are trading modestly higher after a stunning opening to the week, as all major indices rocketed higher. The announcement of a cease-fire deal with Iran, which the leaders in…
NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Klarna Group plc (“Klarna” or the “Company”) (NYSE: KLAR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Klarna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around September 10, 2025, Klarna completed its initial public offering (“IPO”), selling 34.3 million shares priced at $40.00. Then, on August 18, 2026, Klarna announced its financial results for the second quarter of 2026. Among other items, Klarna significantly lowered its full-year 2026 revenue forecast to a range of $4.08 billion to $4.16 billion, down sharply from previous guidance of more than $4.34 billion. Klarna also announced that the Company’s Chief Financial Officer and Chief Marketing Officer would both depart Klarna early in 2027.
On this news, Klarna’s ordinary share price fell $4.45, or 22.81%, to close at $15.06 per share on August 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Swedish digital payments company Klarna (KLAR +1.36%) published its second-quarter results on Aug. 18, and the report arrived with mixed signals for investors. Revenue rose 27% year over year to reach $1.04 billion and beat the average analyst forecast by roughly $43 million, and the company's net income swung to $9 million following a $53 million loss in last year's quarter -- delivering per-share earnings that beat the average Wall Street forecast for a loss of $0.05 per share.
On the other hand, the buy now, pay later company cut its full-year guidance for a key metric and issued an underwhelming sales forecast. Klarna now expects gross merchandise volume (GMV) between $149 billion and $151 billion, down from its previous guidance of $155 billion. Meanwhile, revenue for the year is now projected to be between $4.08 billion and $4.16 billion -- significantly below the average analyst estimate of $4.42 billion.
Klarna's stock saw a significant pullback following its Q2 report and is now priced at about $14.30 per share, down 51% year-to-date. Should investors focus more on the significant Q2 beats or the disappointing guidance when evaluating the shares?
Image source: Getty Images.
Klarna's guidance is more important than its Q2 beats While Klarna's Q2 beats were impressive, the company's downward revision for full-year GMV and disappointing full-year revenue guidance have greater significance for the stock. Profitability came in significantly stronger than expected in the second quarter, suggesting that the company still has avenues to outperform even with a softer sales outlook, but it's unclear whether the margin drivers that helped power the earnings beat last quarter will carry through to the second half of the year.
While Klarna expects its transaction margin to be highest in the year's fourth quarter, the company's take rate declined to 2.84% in the second quarter from 3% in Q1. With GMV now looking significantly weaker for the year, there could be meaningful implications for the company's longer-term growth trajectory.
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Klarna is seeing a weaker expansion outlook in Germany and across Europe, and consumer hesitancy is translating into significantly softer GMV growth.
Adding another complicating factor, the company announced in conjunction with its Q2 report that it was shifting to fair value accounting from the Current Expected Credit Losses (CECL) method it had previously used. While fair value accounting assesses credit assets based on market prices, CECL estimates losses on credit that won't be serviced, and the new system also shifts interest revenue to an up-front event rather than being recognized over the loan's term.
The combination of Klarna's weaker GMV outlook and the shift to fair value accounting creates some significant uncertainty for investors. In addition to signs that growth momentum in transaction volumes conducted through its platform is facing meaningful headwinds, the shift in accounting methods means the company's past and future results are no longer neatly comparable -- and Klarna's overall performance trajectory is more difficult to get a read on.
So while the company's Q2 report looked strong, the company's guidance and accounting pivot have made the picture significantly more complicated.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Klarna Group plc ("Klarna" or the "Company") (NYSE: KLAR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Klarna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around September 10, 2025, Klarna completed its initial public offering ("IPO"), selling 34.3 million shares priced at $40.00. Then, on August 18, 2026, Klarna announced its financial results for the second quarter of 2026. Among other items, Klarna significantly lowered its full-year 2026 revenue forecast to a range of $4.08 billion to $4.16 billion, down sharply from previous guidance of more than $4.34 billion. Klarna also announced that the Company's Chief Financial Officer and Chief Marketing Officer would both depart Klarna early in 2027.
On this news, Klarna's ordinary share price fell $4.45, or 22.81%, to close at $15.06 per share on August 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK--(BUSINESS WIRE)--Klarna Group plc (NYSE: KLAR) today discloses the following transaction by its Chief Executive Officer, filed with the U.S. Securities and Exchange Commission on Form 4. Sebastian Siemiatkowski, through an associated entity, purchased 692,506 ordinary shares on August 26, 2026, at an aggregate consideration of $9,949,171.94. The Form 4 filing for the transaction is available on the SEC's EDGAR database at www.sec.gov. Forward-Looking Statements This press release cont.
Klarna Group plc (NYSE: KLAR) today discloses the following transaction by its Chief Executive Officer, filed with the U.S. Securities and Exchange Commission on Form 4.
Sebastian Siemiatkowski, through an associated entity, purchased 692,506 ordinary shares on August 26, 2026, at an aggregate consideration of $9,949,171.94.
The Form 4 filing for the transaction is available on the SEC's EDGAR database at www.sec.gov.
Forward-Looking Statements
This press release contains factual descriptions of disclosed securities transactions. It does not constitute a profit forecast or guidance of any kind. Investors should review the risk factors in Klarna's filings with the SEC for a complete discussion of risks.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 120 million global active Klarna users and 3.8 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. Over 1.2 million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Apple, Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
Category: Investor News
View source version on businesswire.com: https://www.businesswire.com/news/home/20260828348780/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Klarna Group plc (NYSE:KLAR) shares are trading higher in sympathy with Affirm Holdings Inc. (NASDAQ:AFRM) after the buy-now-pay-later peer reported fourth-quarter results Thursday after the market closed.
Affirm Beats Estimates with Strong GrowthAffirm reported quarterly earnings of $4.62 per share, with revenue of $1.17 billion, beating the analyst consensus estimate of $1.11 billion and up from $876.42 million in the same period last year. Gross merchandise volume came in at $11.6 billion, up 35% year-over-year, while total transactions grew 45% to 45 million, outpacing overall GMV growth. Affirm reported earnings per share of $4.62.
“We delivered another outstanding set of results this quarter, especially in the broader context of global economic uncertainty,” said Max Levchin, CEO of Affirm.
Affirm expects first-quarter revenue in a range of $1.19 billion to $1.22 billion, versus the $1.16 billion analyst estimate. Affirm shares rose 7.76% to $83.44 in Thursday’s extended trading.
Klarna’s Recent Stock PerformanceKlarna shares fell approximately 20% on August 18 after the company reported its own second-quarter financial results and issued fiscal-year 2026 sales guidance below estimates. Multiple analysts cut their price targets in the aftermath: Morgan Stanley maintained Equal-Weight while lowering its target to $17, TD Cowen maintained Hold while lowering its target to $18, and Wells Fargo maintained Overweight while lowering its target to $21.
A Pattern of Insider BuyingSeparately, Klarna disclosed that CEO Sebastian Siemiatkowski, through an associated entity, purchased 692,506 ordinary shares on Aug. 26, for approximately $10 million, according to a Form 4 filed with the U.S. Securities and Exchange Commission. The purchase adds to a broader pattern of insider buying at Klarna this year — Chairman Michael Moritz previously acquired 3.47 million shares for approximately $49.9 million in March, while Chief Product & Design Officer David Fock bought 27,000 shares around the same time.
Read Next
Klarna Shares Race HigherKLAR Price Action: At the time of publication, Klarna shares are trading 6.64% higher at $14.94, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Stripe and Advent International just walked away from a potential $50 billion PayPal takeover, and the BNPL challengers are celebrating loudly. Here is what the Friday moves actually signal about who wins and who is still exposed.
The buy now, pay later relief trade broadened Friday morning after Bloomberg reported that Stripe and Advent International walked away from a takeover of PayPal Holdings valued at more than $50 billion. In morning trading, the challengers have widened rather than faded their gains, and PayPal itself has recovered part of its opening decline. The dispersion looks like a name-level event tied to a specific deal collapse, with no evidence of a broad fintech rotation.
Klarna (NYSE:KLAR | KLAR Price Prediction) stock is up 6% to $14.86. Meanwhile, Affirm Holdings (NASDAQ:AFRM) stock is up 10% to $85.01 after the company released its fiscal fourth-quarter earnings.
Sezzle (NASDAQ:SEZL) stock is up 2% to $128.46, extending its early advance. At the same time, PayPal Holdings (NASDAQ:PYPL) stock is down 11% to $54.40 as the takeover premium unwinds.
Deal Collapse Removes a Big Buyer Bloomberg first reported Stripe’s interest in February, and The Wall Street Journal reported in August that PayPal had found the initial bid insufficient and that the two sides were negotiating a higher price. Friday’s withdrawal by Stripe and Advent International removes that scenario, and because both suitors are privately held, it does so without introducing a new public competitor to the checkout stack. The exit matters because a Stripe-plus-PayPal combination would have been the single largest checkout-brand consolidation event in fintech.
PayPal stock had risen more than 40% this quarter on the combination of a second-quarter earnings beat and takeover speculation. One of those two supports is now gone, which explains today’s give-back better than any fundamentals reset. Our earlier coverage of the opening reaction tracked PayPal’s initial slide alongside the challengers’ pop and framed the numbers as they printed.
Affirm Delivers, Peers Ride the Read-Across Affirm reported fiscal fourth-quarter 2026 results after Thursday’s close, covering the quarter ended June 30. Chief Executive Max Levchin described the period as “our most profitable quarter ever, even without the tax allowance release.” On the earnings call he added that “the company is thriving and the core business is firing on all business,” reinforcing the profitability improvement that Affirm has strung together across multiple quarters.
Affirm also promoted Michael Linford to president, part of a leadership restructuring designed to support tighter execution while Levchin focuses on longer-dated product work. Separately, Shop Pay Installments launched in Australia powered exclusively by Affirm, marking Affirm’s return to that market. Shopify (NASDAQ:SHOP) is the platform behind Shop Pay and is the distribution partner in that launch.
Klarna has no verified company-specific catalyst today. Its move reflects read-across and relief following the withdrawal of the largest checkout-brand consolidation scenario, and nothing more. Sezzle’s follow-through looks similar in character, with the challengers rallying on the removal of a giant would-be rival rather than any fresh operating datapoint of their own.
The ARK Blockchain & Fintech Innovation ETF (CBOE:ARKF), an actively managed, concentrated fund rather than a broad index product, is down 0.1% to $47. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.1% to $772.16, and the fund-level stillness signals a name-level event rather than a sector move.
What to Watch Investors should watch for confirmation that Affirm’s profitability inflection and the Shop Pay Australia distribution deal show up in fiscal Q1 2027 volume metrics. That confirmation matters because Klarna’s and Sezzle’s read-across gains rest on the checkout challengers keeping their standalone growth stories intact through the holiday season. PayPal’s next real test is whether branded-checkout stabilization can carry the stock without a takeover backstop underneath.
Traders should size their positions with the understanding that beta across these four names is elevated and that the deal-related premium in PayPal shares is still unwinding. Trimming their exposure into strength on Klarna, Affirm, and Sezzle, and waiting for a lower-volatility entry on PayPal, remains a reasonable risk-management posture for stretched positioning at current levels.
Contact [email protected] for any questions or corrections.
Chief Executive Officer Sebastian Siemiatkowski reported a purchase of 692,506 shares of Klarna Group plc (KLAR +1.36%) on August 26, 2026. SEC Form 4 filing.
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Transaction summaryMetricValueTransaction value~$9.9 millionShares purchased (indirectly held)692,506Post-transaction shares (indirectly held)25,344,322Post-transaction value$360.14 millionTransaction value based on SEC Form 4 weighted average purchase price ($14.37); post-transaction value based on Aug. 26, 2026 market close ($14.21).
Key questionsHow does this transaction impact the insider's total equity exposure?
The purchase of 692,506 shares through Flat Capital AB brings the total indirect position to 25,344,322 shares, representing approximately 7% of the company's outstanding equity.What is the relationship between the execution price and recent market levels?
The acquisition at $14.37 per share was completed above the $14.01 market close as of Aug. 27, 2026, and higher than the $14.21 closing price on the actual date of the transaction.What is the structure of the insider's remaining holdings?
Sebastian Siemiatkowski maintains no direct share ownership in the company, with the full valuation of $360.14 million held indirectly through the entity Flat Capital AB.Company OverviewMetricValueShare Price (as of market close 2026-08-27)$14.01Market Capitalization$5.3 billionRevenue (TTM)$4.0 billionNet Income (TTM)-$138.0 millionCompany SnapshotKlarna Group plc operates as a technology-driven payments and financial services provider, offering buy-now-pay-later solutions, digital retail banking services including savings accounts and fixed-term deposits, advertising and marketing services, and personal shopping and money management tools across multiple geographies.The company generates revenue through transaction fees on payment solutions, interest income from consumer lending and banking products, advertising and marketing services, and value-added digital financial services that enhance customer engagement and monetization.Klarna serves consumers and retail merchants across the United Kingdom, United States, Germany, Sweden, and additional international markets, targeting digitally native shoppers and retailers seeking alternative payment and financial solutions.Klarna Group plc is a leading fintech platform with a market capitalization of $5.3 billion and trailing twelve month (TTM) revenue of $4 billion, positioning itself as a significant player in the payments and consumer finance sector. The company's diversified business model spans payment solutions, digital banking, and financial services, leveraging technology to capture market share in the rapidly evolving buy-now-pay-later and digital finance landscape. Klarna's competitive advantage stems from its integrated platform approach, which combines consumer-facing payment solutions with banking services and merchant tools to create a comprehensive financial ecosystem.
What this transaction means for investorsSiemiatkowski cofounded Klarna in 2005 and he has led the business since. He knows Klarna inside and out. Indeed, the business has made the executive a billionaire, with a net worth of more than $3 billion, according to Forbes.
We like to see buying by insiders because of the dynamics around insider buying and selling. There are many reasons an insider may sell shares in a company. One reason could be the need to raise cash to fund a large personal expense. Another reason could be for a reasonable portfolio diversification unrelated to their outlook for the company. A third reason could be what investors fear most: a bearish outlook on the company's future.
However, there is only one reason an insider buys stock: they believe the share price is going up.
By that rule of thumb, Siemiatkowski's purchase is bullish. Helping the bull case: more often than not, an insider purchase predicts a higher share price 30 days later.
The market dynamics are looking positive for Klarna, too. Earlier this month, Klarna reported second-quarter results well ahead of its prior guidance to Wall Street. While the immediate term outlook is clouded by weaker consumer spending in some markets, there is a lot of momentum behind Klarna given its deal to become the finance engine of Apple's product leasing program in the U.S. and generally improving profitability per U.S. dollar transacted.
The company recently signed other agreements with payment services providers that should broaden its reach as a payment method in the years to come.
In short, given the long-term bnullish outlook for Klarna, Siemiatkowski's nearly $10 million purchase looks to be giving the green flag to buy shares.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of KLAR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Klarna, the everyday finance network, today announced its participation in the following investor conference in September.Goldman Sachs Communacopia + Technolog
Key Takeaways Klarna cut 2026 GMV guidance to $149B-$151B while raising transaction margin dollar guidance.U.S. GMV rose 27% to $7.9B as transaction margin dollars jumped 126% to $88M.Klarna Memberships hit 2M paying subscribers, while subscription revenues rose more than 600%. Klarna Group plc (KLAR - Free Report) used its second-quarter earnings call to emphasize improving transaction economics as management cut its 2026 volume outlook on softer German consumer spending and currency effects.
The quarter cleared expectations: revenues of $1.042 billion topped the Zacks Consensus Estimate of $992.6 million, while EPS of $0.01 exceeded the consensus estimate for a loss of $0.07.
KLAR Raises Margin Outlook Despite Lower VolumeCEO and Director Sebastian Siemiatkowski said that transaction margin dollars remain Klarna’s central operating measure. Second-quarter transaction margin dollars rose 42% year over year to $446 million, outpacing 27% revenue growth and 18% GMV growth.
CFO and Director Niclas Neglen said that improved underwriting, offloading programs and a richer product mix helped widen transaction margin to 42.8% of revenues. Adjusted operating income reached $91 million.
For 2026, KLAR lowered GMV guidance to $149-$151 billion from more than $155 billion and revenue guidance to $4.08-$4.16 billion. Transaction margin dollar guidance rose to $1.62-$1.65 billion, while adjusted operating income is projected at $280-$300 million.
Klarna Sees Germany Staying SoftNeglen said that Germany, Klarna’s largest market by volume, weakened late in the second quarter as discretionary retail spending softened. The revised outlook assumes that trend continues rather than rebounds.
During Q&A, an Autonomous Research analyst pressed management on Germany’s role in the lower volume outlook. Neglen said that Pay Later and Pay in Full make up large portions of the German business, while Fair Financing is less prominent.
A Prime Executions analyst asked about quarter-to-date conditions. Neglen said that the downward trend had remained roughly consistent into Q3 and was already reflected in guidance.
KLAR Leans on U.S. Mix and Fair FinancingSiemiatkowski described the United States as Klarna’s fastest-growing large region. U.S. GMV rose 27% to $7.9 billion, while U.S. transaction margin dollars increased 126% to $88 million.
Fair Financing grew 82% globally to $4.7 billion of GMV and reached 256,000 merchants. Management tied the product to stronger transaction economics.
Neglen said that U.S. assumptions were unchanged despite the lower companywide GMV guide. He cited JPMorgan Payments, Adyen, Worldline, Worldpay, Fiserv’s Clover and the Apple Upgrade program as second-half growth drivers.
Klarna Expands Distribution and Recurring RevenueSiemiatkowski said that Klarna Memberships reached 2 million paying subscribers, eight times the year-earlier level, while subscription revenue rose more than 600%. He framed memberships as a way to grow transaction margin without equivalent GMV growth.
The Klarna Card reached 6.5 million active users across 16 countries, up from 1.3 million a year earlier. Management sees the card as a vehicle to extend Klarna’s payment products into offline spending.
JPMorgan Payments went live on Aug. 6, letting merchants on its platform offer Klarna’s payment suite through existing setups. Management expects broader distribution to support U.S. volume into peak season.
KLAR Clarifies Fair Value and Funding StrategyNeglen said that substantially all new U.S. and German Fair Financing originations are expected to move to fair-value accounting in the second half. The change lowers reported revenue and transaction costs while leaving transaction margin economics intact.
Excluding an estimated 2-basis-point timing benefit from the presentation change, management expects stronger unit economics to add $40-$50 million of transaction margin dollars for 2026 despite lower volume.
In Q&A, Morgan Stanley and Compass Point analysts focused on forward flows and funding. Neglen reiterated a capital-light approach while preserving flexibility to retain or offload receivables when economics support either choice.
Klarna Keeps Margin Discipline at the CenterManagement characterized the third quarter as an investment quarter, with marketing and major platform launches arriving ahead of expected volume. Third-quarter adjusted operating income is projected at $5-$15 million.
Siemiatkowski and Neglen consistently returned to deeper consumer engagement, higher-value products and transaction margin growth as operating priorities. The revised outlook pairs lower volume expectations with a higher margin-dollar target.
Zacks Signals for KLARKLAR currently carries a Zacks Rank #3 (Hold). Its Momentum Score of A is favorable, but a Value Score of F, a Growth Score of F and a VGM Score of F indicate weaker readings across those style dimensions. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Style Score complements the Zacks Rank, with A and B grades viewed more favorably. The current mix is uneven rather than uniformly strong, and the Zacks Rank can change as analysts revise estimates after the just-reported results.
STOCKHOLM--(BUSINESS WIRE)--Regulatory News: Klarna Holding AB, a subsidiary of Klarna Group plc, published its 2026 Annual Report today at 11:00 AM CET. It is now available on Klarna's Investor Relations website.
STOCKHOLM--(BUSINESS WIRE)--Regulatory News: Klarna Bank AB, a subsidiary of Klarna Holding AB, published its H1 2026 Financial Report today at 11:00 AM CET. It is now available on Klarna's Investor Relations website.
Klarna Group plc (KLAR) Q2 2026 Earnings Call August 18, 2026 8:30 AM EDT
Company Participants
Sebastian Siemiatkowski - Co-Founder, CEO & Director
Niclas Neglen - CFO & Director
Conference Call Participants
William Nance - Goldman Sachs Group, Inc., Research Division
Robert Wildhack - Autonomous Research US LP
Harshita Rawat - Bernstein Institutional Services LLC, Research Division
James Faucette - Morgan Stanley, Research Division
Bryan Keane - Citigroup Inc., Research Division
Connor Allen - JPMorgan Chase & Co, Research Division
Jason Kupferberg - Wells Fargo Securities, LLC, Research Division
Andrew Bauch - BMO Capital Markets Equity Research
Matthew O'Neill - BofA Securities, Research Division
Harry Bartlett - Rothschild & Co Redburn, Research Division
Kyle Peterson - Needham & Company, LLC, Research Division
Thomas Nilsson - Nordea Markets, Research Division
Moshe Orenbuch - TD Cowen, Research Division
Giuliano Anderes-Bologna - Compass Point Research & Trading, LLC, Research Division
Lemar Clarke
Presentation
Operator
Hello, everyone, and welcome to Klarna's Second Quarter 2026 Earnings Call. During this call, we will discuss our business outlook and make forward-looking statements. These statements are based on our current expectations and assumptions as of today. Actual results may differ materially due to various risks and uncertainties, including those described in our most recent filings with the SEC.
During this call, we will present both IFRS and non-IFRS financial measures. A reconciliation of non-IFRS to IFRS measures is included in today's earnings press release, which is distributed and available to the public through our Investor Relations website as well as filed with the SEC. Please note, unless otherwise stated, all comparisons in this call will be against our results for the comparable period in 2025. [Operator Instructions]
Before we move to Q&A, we will begin with a brief presentation. Sebastian, please go ahead.
Sebastian Siemiatkowski
Co-Founder, CEO & Director
Good morning, everyone, and thank you for joining. This was a good quarter. We delivered above
Klarna Group plc (NYSE:KLAR) on Tuesday reported upbeat second-quarter results but issued 2026 sales guidance that missed expectations.
Klarna reported earnings of 1 cent per share, beating the consensus estimate for a loss of 5 cents per share. Revenue rose 27% year over year to $1.042 billion, beating the $993.39 million analyst estimate.
For 2026, the company expects revenue of $4.08 billion to $4.16 billion, missing the $4.415 billion analyst estimate.
Klarna raised its transaction margin dollar forecast to $1.62 billion to $1.65 billion, or about 1.09% of GMV. Adjusted operating income is expected to range from $280 million to $300 million, representing 6.9% to 7.2% of revenue.
“Over 120 million consumers now use Klarna, and each is using it for more of their everyday spend — revenue per active consumer grew 24%. That deepening engagement is why transaction margin dollars grew 42%, well ahead of revenue and volume. We measure our progress in transaction margin dollars.”
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Klarna Group shares fell 2.2% to trade at $14.72 on Wednesday.
These analysts made changes to their price targets on Klarna Group following earnings announcement.
Wells Fargo analyst Jason Kupferberg maintained the stock with an Overweight rating and lowered the price target from $26 to $21. Barclays analyst Nik Cremo maintained the stock with an Equal-Weight rating and cut the price target from $20 to $16. Considering buying KLAR stock? Here’s what analysts think:
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Silné výsledky za Q2 fintechu Klarna nestačily a po neuspokojivém výhledu se akcie firmy v úterý propadly o 20 %. Z druhé strany retailového spektra reportoval výsledky Home Depot, který nadále trápí geopolitická situace a drahé hypotéky.
Klarna ve druhém kvartále vykázala tržby přesahující jednu miliardu dolarů, což je meziročně o čtvrtinu více. Firmě se v uplynulém kvartále podařilo o 42 % navýšit transakční marži, což přispělo k překlopení hospodaření do černých čísel. Společnost vykázala čistý zisk 9 milionů dolarů, což odpovídá zisku 0,01 dolaru na akcii.
Kromě finančních výsledků je v případě Klarny důležitý také celkový objem zpracovaných transakcí (GMV), který ve druhém kvartále dosáhl 36,6 miliardy dolarů, o 18 % více než před rokem. Počet aktivních uživatelů vzrostl o 8 % na 120 milionů. Počet obchodníků spolupracujících s Klarnou se pak meziročně zvýšil o více než polovinu na 1,2 milionu.
Nadále je hlavním tahounem byznysového modelu Klarny služba Pay Later, která zodpovídá za téměř 80 % transakcí. Jedná se o službu, v rámci níž si uživatelé berou úvěr na nákup zboží či služeb. Největším rizikem je nesplácení úvěrů, to se ale firmě daří držet pod kontrolou a ve druhém kvartále počet delikvencí dále klesal. Rezervy na úvěrové ztráty činily 0,52 % GMV, což je o čtyři bazické body méně než před rokem. Růst firmy tak není vykoupen vyšším úvěrovým rizikem.
Výhled Klarny zůstává pozitivní, s nadšením se však mezi investory rozhodně nesetkal. Management očekává za celý rok 2026 objem transakcí kolem 150 miliard dolarů, což je o 5 miliard méně, než čekala Wall Street. Pod odhady se nachází také očekávané tržby v rozmezí 4,08 až 4,16 miliardy dolarů.
Firma dále předpokládá, že růst klíčového ukazatele v podobě transakční marže překoná tempo růstu tržeb a že Klarna bude těžit z rychlé expanze v USA, nových partnerství s Apple a JPMorgan, silného růstu předplatného Klarna Membership a rostoucího využívání Klarna Card.
Trh výsledky Klarny, a zejména její výhled, nepřijal příznivě. Akcie reagovaly poklesem o 20 % a během několika dnů téměř vymazaly silnou růstovou rally trvající od dubna. Celkově akcie firmy od začátku roku ztrácejí 47 %. Od vstupu na burzu v září loňského roku pak propadly již o 65 % na současných 15 dolarů za akcii.
Z druhé strany retailového spektra pak reportoval Home Depot. Firma překonala odhady Wall Street, když vykázala tržby dosahující 48 miliard dolarů. Klíčový maloobchodní ukazatel comparable sales, který porovnává tržby prodejen otevřených delší dobu, však vzrostl pouze o 1,7 %. I tak jde téměř o dvojnásobek tržních odhadů.
Hospodaření Home Depot je silně závislé na vývoji realitního trhu, který je podle finančního ředitele firmy nadále zamrzlý. Vysoká nabídka dluhu a geopolitická situace tlačí výnosy dluhopisů vzhůru, což zdražuje hypoteční úvěry. Důvody pro snižování sazeb ze strany Fedu přitom zatím nejsou příliš silné. I tak se ale firmě podařilo vykázat zisk na akcii ve výši 4,92 dolaru, což je o 20 centů více, než očekával trh.
Celkově vedení společnosti pro letošní rok očekává růst tržeb o 2,5 až 4,5 %. Tempo růstu comparable sales by pak podle interních odhadů mělo zůstat kolem 2 %. Firma zároveň očekává zisk na akcii za celý rok ve výši 14,23 dolaru, což by představovalo meziroční nárůst o 4 %. Akcie Home Depot od začátku roku klesly o 2,5 % a aktuálně se pohybují kolem 340 dolarů.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Klarna (KLAR -22.37%) is Swedish for "clear up" or "sort it out." The name feels ironic today, with the stock down 21.9% as of 10 a.m. ET, despite a strong Q2 report. Aren't headline surprises supposed to lift stocks?
Today's Change
(
-22.37
%) $
-4.37
Current Price
$
15.15
Q2 2026 was the easy part That wasn't a typo. The Stockholm-based fintech crushed Wall Street's estimates in the second quarter of 2026. The average analyst expected a net loss of $0.05 per share on revenues near $993 million. The company reported positive earnings of $0.01 per share and $1.04 billion of top-line revenues. That's not even a close call, and sales rose 27% year over year.
The stock fell anyway, for at least two clear reasons.
Management offered full-year revenue guidance of $4.12 billion, give or take $40 million. The current analyst consensus points to $4.42 billion, and Klarna's earlier guidance was above $4.34 billion. Klarna pointed to currency-exchange headwinds and shifting consumer trends in the German market. The earnings report wasn't Klarna's only news today. The company also announced transitions for its CFO and Chief Marketing Officer (CMO) roles. Six-year CFO Niclas Neglén and nine-year CMO David Sandström will remain in their roles into early 2027, but Klarna is looking for new talent in New York. It's hard to say which item weighed more heavily on Klarna's stock today. Weak guidance and executive turnover make a tough single-day combo.
Image source: Getty Images.
Down 47% and still hard to read After today's drop, the "buy now, pay later" specialist's stock is down 47% year to date. The company is growing rapidly while forming partnerships with OpenAI, where its AI shopping app now lives inside ChatGPT, and Alphabet (GOOG -0.28%) (GOOGL -0.35%), which is bringing Klarna's payment options to Google Search and the Gemini app. However, investors aren't sure what to make of its cloudy financial picture.
Klarna is clearing up its profit problem and creating a credibility issue instead. Beating a quarter is easy to celebrate; cutting the year is harder to explain away, especially while the CFO and CMO are packing their bags. I wish Klarna would live up to its clear-eyed name.
Anders Bylund has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and Klarna Group. The Motley Fool has a disclosure policy.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of KLAR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Klarna Group PLC (NYSE:KLAR) shares fell 20.5% Tuesday morning after the buy-now-pay-later company issued full-year guidance that fell short of analyst estimates, overshadowing a second-quarter earnings beat.
The company reported second-quarter revenue of $1.04 billion, up 27% year-over-year and above the $994 million analysts had expected. Gross merchandise volume rose 18% to $36.6 billion, while transaction margin dollars climbed 42% to $446 million.
For fiscal 2026, Klarna guided revenue of $4.08 billion to $4.16 billion, well below the $4.42 billion analyst estimate. The company also cut its GMV outlook to $149 billion-$151 billion, down from a prior forecast of more than $155 billion.
Adjusted operating income guidance of $280 million-$300 million came in above the $161 million estimate.
Third-quarter guidance also missed expectations, with Klarna projecting revenue of $940 million to $980 million versus estimates of $1.11 billion, and adjusted operating income of $5 million to $15 million against a $52.8 million estimate.
Klarna said active consumers grew 8% year-over-year to 120 million, while its merchant base expanded 54% to more than 1.2 million. Provisions for credit losses stood at 0.52% of GMV.
"Over 120 million consumers now use Klarna, and each is using it for more of their everyday spend, revenue per active consumer grew 24%," said Sebastian Siemiatkowski, CEO and co-founder of Klarna.
"That deepening engagement is why transaction margin dollars grew 42%, well ahead of revenue and volume. We measure our progress in transaction margin dollars."
For the quarter ended June 2026, Klarna (KLAR - Free Report) reported revenue of $1.04 billion, representing no change compared to the same period last year. EPS came in at $0.01, compared to -$0.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $992.56 million, representing a surprise of +4.98%. The company delivered an EPS surprise of +114.29%, with the consensus EPS estimate being -$0.07.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Klarna performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
GMV: $36.65 billion versus the two-analyst average estimate of $36.58 billion.Revenue Take Rate: 2.8% compared to the 2.7% average estimate based on two analysts.Active Users/Consumers: 120 million versus the two-analyst average estimate of 121 million.Revenue- Transaction and service revenue: $707 million versus $688.49 million estimated by two analysts on average.Revenue- Interest income: $266 million compared to the $251.18 million average estimate based on two analysts.Gain on Sale of Consumer Receivables: $69 million versus the two-analyst average estimate of $58.97 million.View all Key Company Metrics for Klarna here>>>
Shares of Klarna have returned +4% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Klarna Group PLC (NYSE:KLAR) shares fell 20.5% Tuesday morning after the buy-now-pay-later company issued full-year guidance that fell short of analyst estimates, overshadowing a second-quarter earnings beat.
The company reported second-quarter revenue of $1.04 billion, up 27% year-over-year and above the $994 million analysts had expected. Gross merchandise volume rose 18% to $36.6 billion, while transaction margin dollars climbed 42% to $446 million.
For fiscal 2026, Klarna guided revenue of $4.08 billion to $4.16 billion, well below the $4.42 billion analyst estimate. The company also cut its GMV outlook to $149 billion-$151 billion, down from a prior forecast of more than $155 billion.
Adjusted operating income guidance of $280 million-$300 million came in above the $161 million estimate.
Third-quarter guidance also missed expectations, with Klarna projecting revenue of $940 million to $980 million versus estimates of $1.11 billion, and adjusted operating income of $5 million to $15 million against a $52.8 million estimate.
Klarna said active consumers grew 8% year-over-year to 120 million, while its merchant base expanded 54% to more than 1.2 million. Provisions for credit losses stood at 0.52% of GMV.
"Over 120 million consumers now use Klarna, and each is using it for more of their everyday spend, revenue per active consumer grew 24%," said Sebastian Siemiatkowski, CEO and co-founder of Klarna.
"That deepening engagement is why transaction margin dollars grew 42%, well ahead of revenue and volume. We measure our progress in transaction margin dollars."
is experiencing significant pressure following its Q2 earnings report, which revealed a small profit and better-than-expected revenue. However, investors are primarily concerned about the company's weaker-than-anticipated guidance for Q3 and FY26. Klarna reported an adjusted operating income of $91 million and a 26.6% year-over-year revenue increase to $1.04 billion, slightly above expectations. Despite this, the company has lowered its FY26 revenue outlook to between $4.08 billion and $4.16 billion, down from a previous forecast of over $4.34 billion. Additionally, FY26 GMV guidance has been reduced to $149-151 billion from above $155 billion, reflecting foreign exchange (FX) headwinds and a more cautious view of European volumes.
Revenue Mix: Klarna's revenue growth of 26.6% year-over-year outpaced GMV growth as the company continues to pivot towards higher-yielding products. The Fair Financing segment remains the primary revenue driver, benefiting from new loan originations and accrued interest income from previous loans. Guidance Reset: The revised outlook is attributed to about $600 million in FX impacts and a conservative view of second-half European volumes, particularly in Germany, its largest market, where specific discretionary retail categories are showing weakness. Quality of Growth: GMV rose by 18% to $36.6 billion in Q2, while revenue grew by 27%. This indicates improved monetization as the business shifts towards higher-yielding products, with transaction margin dollars reaching $446 million. U.S. Economics: U.S. revenue surged 37% to $376 million, surpassing the 27% growth in U.S. volume, driven by interest income and gains from prior loan originations where Fair Financing is more established. Profitability Cadence: Klarna expects Q3 adjusted operating income to be between $5 million and $15 million, marking a period of strategic investment with major launches and marketing expenses anticipated to precede volume benefits. Q4 is projected to be the strongest quarter for transaction margins. The 18% GMV growth and 26.6% revenue increase indicate that Klarna's core business remains robust. However, the simultaneous decline in European volume expectations and the decision to increase investments significantly in Q3 raises concerns. The U.S. market continues to shine, with GMV growing 27% and strong growth anticipated in the second half of FY26. Nevertheless, with the revised FY26 revenue guidance reflecting a notable decrease, investors are likely to seek reassurance that the U.S. growth can counterbalance the challenges in Europe and that increased spending will lead to sustainable growth.
Check the Warning Signs for
KLAR
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This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Klarna is getting consumers to use it for more than pay-in-four, but the second quarter also showed what happens to transaction growth when discretionary spending slows in a major market.
By the numbers, released on Tuesday (Aug. 18), gross merchandise volume rose 18% year over year to $36.6 billion, while revenue increased 27% to $1.04 billion. The U.S. remained Klarna’s fastest-growing large region, with volume up 27% to $7.9 billion and revenue up 37% to $376 million. Outside the U.S., GMV increased 15% and revenue rose 22%. Pay later grew 13%, while pay in full, Klarna’s everyday spending product, contributed $3.6 billion of volume. Fair financing, its fixed-term installment product for larger purchases, grew 82% to $4.7 billion and reached 13% of total volume.
A weaker forecast for the months ahead spurred Klarna’s shares to plunge 18% in early trading Tuesday following the results. The company also announced management changes, where the CFO and CMO will step down early next year.
Klarna cut its full-year GMV outlook to $149 billion to $151 billion from more than $155 billion. Management attributed roughly $600 million of the reduction to currency movements, with the remainder coming from a more measured European volume forecast concentrated in Germany, Klarna’s largest market by volume.
Klarna also reduced its revenue forecast to $4.08 billion to $4.16 billion, down from more than $4.34 billion. Part of that change reflects new accounting treatment for some fair-financing originations in the U.S. and Germany. At the same time, the company raised its full-year transaction margin dollar forecast to $1.62 billion to $1.65 billion.
CFO Niclas Neglén said discretionary retail spending in Germany began weakening late in the second quarter and remained soft as the third quarter started.
“What we saw towards the back end of Q2 was a softening in the consumer discretionary spend in Germany,” Neglén told analysts during the conference call. The new forecast assumes that weakness continues rather than recovering before year-end.
The results elsewhere in Europe were varied. Neglén said Germany’s weakness was more pronounced, although there were pockets of softness in other markets. The Nordics were producing double-digit growth following card and fair-financing expansion, while Southern Europe continued to show good growth.
Klarna Focuses on Expanding Card Reach Elsewhere, the earnings call centered on where Klarna is adding transactions and revenue beyond its traditional online checkout business.
Klarna Card reached 6.5 million active users across 16 countries, up from 1.3 million a year earlier. That compares with 3.2 million active users in November, meaning the total has more than doubled in nine months.
The card makes Klarna’s payment choices available for in-store purchases, including both pay in full and financing.
“The card, in a way, is just a vehicle to bring these debit, the pay in full opportunity, as well as the big ticket spend on fair financing products into everyday purchases in the physical world,” CEO Sebastian Siemiatkowski told analysts.
How consumers use the card differs by market. Neglén said Sweden, where Klarna has deep penetration, is seeing more growth in pay-in-full transactions as consumers use the card for everyday spending. In less mature markets, usage is more evenly distributed among Klarna’s payment options. U.S. pay-in-full usage is growing rapidly from a low base.
Subscriptions provide another source of revenue from those consumers. Klarna reached 2 million paying subscribers, eight times the year-earlier total, while subscription revenue grew more than 600%. The company has introduced membership plans that include cashback and other benefits.
Asked about the potential size of the business, Siemiatkowski said the card and membership offerings would begin coming together, but declined to forecast how much revenue subscriptions could ultimately generate.
“Where or how big it can become, that is too early to tell,” he stated.
The economics differ from payment volume. Management said subscriptions carry almost no associated GMV, so membership fees can add revenue and transaction margin dollars without a comparable increase in transactions.
At the other end of the spending range, Klarna is expanding fair financing for purchases generally between $500 and $10,000. The product is now offered by 256,000 merchants, up from 151,000 in November, and its availability in the U.S. more than doubled.
That compares with more than 1 million merchants accepting Klarna overall. Siemiatkowski said Klarna is working through its payment-service-provider partnerships to make more payment products available across that merchant base.
Apple and Walmart are two examples of Klarna’s expansion into those larger purchases. Walmart was announced previously, while the new Apple Upgrade partnership will allow consumers to apply for Apple device leasing and manage their payments through Klarna.
“In big ticket spend, we are newer in that,” Siemiatkowski said during the Q&A. “We previously announced Walmart, now we’re announcing Apple.”
Consumer credit performance didn’t deteriorate as financing volume grew. U.S. 30-day-plus delinquencies improved sequentially for both fair financing and pay later when comparable vintages were measured at the same stage, and provisions declined as a share of GMV. Recent global ex-U.S. cohorts also improved sequentially and year over year.
Klarna maintained its U.S. volume assumptions for the year. The second half includes the Apple Upgrade rollout, continued card expansion and additional distribution through payment-service providers, with management expecting more merchants and integrations to be live before peak shopping season.
Following the release of the earnings results, Klarna’s stock fell 21%.
Klarna KLAR delivered a stronger-than-expected second quarter, but investors looked beyond the Swedish buy now, pay later company's latest results after it issued a significantly weaker outlook for the rest of the year.
Shares fell nearly 21% in premarket trading on Tuesday, adding to a decline of more than 31% so far this year.
The sell-off came despite Klarna reporting its first quarterly profit on the bottom line in the period and revenue that comfortably exceeded Wall Street expectations.
Klarna reported a net profit of $9 million for the April-June quarter, compared with a loss of $53 million a year earlier.
Analysts had expected a net loss of $17.4 million.
Revenue increased 27% year over year to $1 billion, beating the $993.8 million consensus estimate.
Adjusted operating income more than tripled to $91 million from $29 million.
The results nevertheless failed to reassure investors because of the company's expectations for the coming quarter and full year.
Klarna expects third-quarter revenue of between $940 million and $980 million, with the midpoint of $960 million significantly below the $1.1 billion consensus compiled by Visible Alpha.
The company's adjusted operating income forecast of $5 million to $15 million, with a midpoint of $10 million, was also well below the $85.2 million Visible Alpha consensus.
Klarna expects third-quarter gross merchandise volume, or GMV, of $35 billion to $36 billion, compared with the $39 billion analyst consensus.
Transaction margin dollars are expected to come in between $340 million and $360 million.
The guidance points to a sharp sequential slowdown and suggests the company faces a more difficult second half than investors had anticipated.
Morgan Stanley had raised its Klarna price target to $21 from $18 while retaining an Equal Weight rating ahead of the results.
But the cautious stance offered little support after the company lowered its forecasts.
Options markets had implied a roughly 15% move around the earnings release.
Klarna has exceeded that expected range during each of its previous two earnings announcements, with the stock falling more than anticipated on both occasions.
Klarna also reduced its full-year revenue forecast to between $4.1 billion and $4.2 billion.
The midpoint of $4.1 billion was well below the $4.4 billion analyst consensus.
The company cited approximately $600 million in currency translation headwinds as one of the factors behind the weaker outlook.
Klarna also took a more cautious view of volumes in Germany, its largest market by volume.
That prompted the company to reduce its full-year GMV forecast to $149 billion to $151 billion, from its previous expectation of more than $155 billion.
The downgrade highlights the challenge Klarna faces in balancing rapid growth in the US with softer trends in some of its more established markets.
US remains a key growth engineThe US business continued to provide a bright spot during the quarter.
Klarna's total GMV rose 18% year over year to $36.6 billion, while US GMV increased 27%.
The company also reported a 42% increase in transaction margin dollars to $446 million, a key metric that management uses to measure the economics of its business.
Transaction margin dollars represented 42.8% of revenue, allowing Klarna to grow the measure considerably faster than both revenue and GMV.
The company raised its full-year transaction margin dollar guidance to between $1.6 billion and $1.7 billion, equivalent to approximately 1.09% of GMV, from its previous expectation of more than 1.04%.
Full-year adjusted operating income guidance remained largely unchanged at $280 million to $300 million.
"Over 120 million consumers now use Klarna, and each is using it for more of their everyday spend — revenue per active consumer grew 24%," CEO and co-founder Sebastian Siemiatkowski said.
"That deepening engagement is why transaction margin dollars grew 42%, well ahead of revenue and volume."
Klarna's shares had shown some signs of recovery before Tuesday's sell-off.
The stock closed at $19.51 on Monday and had gained about 4% over the previous month.
Analysts had also become somewhat more optimistic about the company. Goldman Sachs, UBS and JPMorgan had raised their price targets to $25, $23 and $22, respectively, in recent weeks.
But the lower guidance has put that optimism under pressure.
Klarna made its Wall Street debut in 2025 at a valuation of roughly $15 billion, joining a wave of technology and fintech listings.
Since then, investors have had to assess whether the company can convert its expanding customer and merchant base into consistently stronger profits.
Klarna's merchant base continued to expand rapidly, rising 54% year over year to more than 1.2 million.
The company is also preparing for changes in its senior leadership.
Chief Financial Officer Niclas Neglén and Chief Marketing Officer David Sandström are expected to transition out of their current roles in early 2027 after six and nine years at Klarna, respectively.
Klarna has begun searching for a New York-based CFO, while Neglén will continue leading the finance organization and investor engagement through the transition.
Klarna (KLAR - Free Report) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to a loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +114.29%. A quarter ago, it was expected that this Swedish buy now, pay later company would post a loss of $0.18 per share when it actually produced a loss of $0.01, delivering a surprise of +94.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Klarna, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $1.04 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.98%. This compares to year-ago revenues of $823 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Klarna shares have lost about 32.5% since the beginning of the year versus the S&P 500's gain of 13.1%.
What's Next for Klarna?While Klarna has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Klarna was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.01 on $1.11 billion in revenues for the coming quarter and $0.05 on $4.44 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Copart, Inc. (CPRT - Free Report) , another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended July 2026.
This company is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of -4.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Copart, Inc.'s revenues are expected to be $1.14 billion, up 1.2% from the year-ago quarter.
Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash CatalystKlarna Group NYSE: KLAR reported second-quarter results above its guidance across volume, revenue and transaction margin dollars, while raising its full-year transaction margin outlook despite lowering its volume forecast because of softer consumer spending in Germany and currency effects.
Chief Executive Officer Sebastian Siemiatkowski said gross merchandise volume rose 18% from a year earlier, revenue increased 27%, and transaction margin dollars, the company’s preferred profitability metric, climbed 42%. Adjusted operating income reached $91 million, up $62 million year over year, while net income turned positive at $9 million.
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Affirm's Google Deal Aims for Your Wallet“We delivered above the high end of our guidance on every line for the second consecutive quarter,” Siemiatkowski said. Operating costs increased 16%, slower than revenue and transaction margin dollar growth, which executives said demonstrated operating leverage.
Margin Growth Outpaced Volume Chief Financial Officer Niklas Näglén said second-quarter revenue totaled $1.042 billion, while transaction costs rose 17% to $596 million. Transaction margin dollars increased to $446 million, above the company’s May guidance range of $375 million to $395 million.
Affirm: A Solid Footing or More Volatility Ahead?Transaction margin represented 42.8% of revenue, an increase of about 450 basis points from the prior-year period. The company said its U.S. transaction margin rose to 23% of revenue from 14% a year earlier, while the global business excluding the U.S. reached a 54% margin.
Klarna’s U.S. GMV rose 27% to $7.9 billion and represented 22% of total GMV, up 2 percentage points year over year. U.S. revenue increased 37% to $376 million, and U.S. transaction margin dollars rose 126% to $88 million.
Global GMV excluding the U.S. increased 15%, or 12% on a like-for-like basis. Näglén said Germany, Klarna’s largest market by volume, experienced more measured growth amid weaker discretionary retail spending, while the company’s mature Nordic markets accelerated.
Product Expansion and Partnerships Klarna highlighted growth in its three product areas: Pay in Full for everyday purchases, Pay Later for short-term installments, and Fair Financing for larger-ticket purchases.
Pay in Full contributed $3.6 billion of volume during the quarter. Pay Later grew 13% year over year. Fair Financing GMV rose 82% to $4.7 billion and accounted for 13% of total volume. Fair Financing was available at 256,000 merchants, up from 151,000 in November. Klarna membership reached 2 million paying subscribers, with subscription revenue increasing more than 600%. The Klarna Card reached 6.5 million active users across 16 countries, compared with 1.3 million a year earlier. Siemiatkowski said subscriptions are a high-margin recurring-revenue source that can expand transaction margin dollars without requiring corresponding GMV growth. The company recently introduced membership plans featuring cashback and other benefits.
During the quarter, Klarna launched through J.P. Morgan Payments, enabling merchants on the processor’s platform to offer Klarna’s Pay in 4, Pay Later and fixed-term installment products without a new integration. The company also announced it is the financing partner for Apple Upgrade, a device-leasing program available through Apple.
Näglén said the Apple program is treated as a financing receivable and will be accounted for similarly to Klarna’s Fair Financing product. The company has the option to retain or sell receivables depending on market economics.
Credit Performance and Updated Outlook The company said consumer credit performance improved again in the quarter. Provisions for credit losses were $192 million, or 0.52% of GMV, down from 0.55% in the first quarter. Klarna said provisions as a percentage of volume have declined in each quarter since its first report as a public company.
For recent U.S. originations, Fair Financing delinquencies 30 or more days past due declined about 20 basis points sequentially, while Pay Later delinquencies improved by about 30 basis points, according to Näglén. He said Klarna continues to underwrite each transaction individually and is willing to limit volume growth to remain within its credit standards.
Klarna reduced its full-year GMV outlook to SEK 149 billion to SEK 151 billion from more than SEK 155 billion previously, implying about 17% growth. About SEK 600 million of the revision reflected currency movements, with the balance tied to a more cautious outlook for European volumes, particularly in Germany.
Executives said the revised outlook assumes that Germany’s softness persists rather than recovering. U.S. volume expectations were unchanged, supported by integrations with J.P. Morgan Payments, Adyen, Worldline, Worldpay, Fiserv’s Clover and the Apple Upgrade program.
Despite the lower GMV forecast, Klarna raised its full-year transaction margin dollar outlook to SEK 1.62 billion to SEK 1.65 billion, or 1.09% of GMV, from 1.04% previously. The company attributed most of the increase to stronger unit economics from Fair Financing, loan offloading programs, the Klarna Card and membership fees.
The company expects adjusted operating income of SEK 280 million to SEK 300 million for the full year. For the third quarter, Klarna forecast GMV of SEK 35 billion to SEK 36 billion, revenue of SEK 940 million to SEK 980 million, transaction margin dollars of SEK 340 million to SEK 360 million, and adjusted operating income of SEK 5 million to SEK 15 million. Management described the third quarter as an investment period ahead of peak-season launches.
Leadership Transitions Planned for 2027 Siemiatkowski also announced that Näglén, who has served as CFO for six years, plans to transition from the role in early 2027. Chief Marketing Officer David Sandström, who has been with Klarna for nine years, is also expected to hand over his responsibilities next year.
Näglén will remain CFO through the transition and continue to lead finance and investor engagement. Klarna has begun a search for a New York-based CFO, with Siemiatkowski citing the company’s U.S. growth, its more than 30 million U.S. consumers and proximity to the investor community.
About Klarna Group (NYSE:KLAR)Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.
Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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NEW YORK--(BUSINESS WIRE)--Regulatory News: Klarna Group plc [NYSE: KLAR], the everyday finance network, today reported second quarter 2026 results. GMV reached $36.6 billion (+18% YoY), revenue $1.042 billion (+27% YoY), transaction margin dollars $446 million (+42% YoY), and adjusted operating income $91 million (+214% YoY). "Over 120 million consumers now use Klarna, and each is using it for more of their everyday spend — revenue per active consumer grew 24%. That deepening engagement is why.
Klarna (KLAR.N), the Swedish "buy now, pay later" services provider and online bank, posted a profit in the second quarter on Tuesday while analysts had expected a net loss, helped by growth in its U.S. markets.
The company said its quarterly net profit was $9 million compared with a loss of $53 million in the year-earlier period, ahead of expectations of a loss of $17.4 million. Adjusted operating income was $91 million versus $29 million a year ago, it added.
Its gross merchandise volume (GMV), a metric for measuring sales, rose 18% to $36.6 billion in the quarter. GMV in the U.S. rose 27%.
However, the company trimmed its full-year GMV to between $149 billion and $151 billion, from greater than $155 billion seen previously, citing "a more measured view of primarily German volumes, our largest market by volume."
NEW YORK--(BUSINESS WIRE)--Klarna Group plc [NYSE: KLAR], the everyday finance network, today announced planned transitions for its Chief Financial Officer and Chief Marketing Officer, to take effect in early 2027. Niclas Neglén, Chief Financial Officer for six years, and David Sandström, Chief Marketing Officer for nine years, will each remain in their roles and lead their organizations through the transition. "Niclas and David have helped shape what Klarna is. Niclas has built the finance org.
Klarna Group (NYSE:KLAR | KLAR Price Prediction) stock is sliding midday Monday, with shares down 7% to $19.38 ahead of the buy now, pay later (BNPL) firm’s second-quarter report. The pullback unwinds part of a three-week rally right before a binary event.
Klarna stock had climbed 4% for the week and 6% for the month through Friday’s close, and shares are down 33% year to date (YTD). The company went public on the New York Stock Exchange in September 2025, and Tuesday’s report before the market open is its most anticipated print since that listing.
Pre-Earnings De-Risking Ahead of Tuesday’s Print There’s no fresh company-specific Klarna news driving Monday’s drop. The move looks like straightforward profit-taking and risk reduction into an earnings event, with traders trimming exposure after a run that lifted the stock heading in. Positioning ahead of a binary earnings event often outweighs fundamentals in the final hours before a release.
The Street is looking for a Klarna loss of $0.06 per share on revenue of $995 million, per Fiscal.ai. Morgan Stanley raised its price target on Klarna stock to $21 from $18 while keeping an Equal Weight rating, and the 12-month average target sits at $24.55 per Koyfin. Of 22 analysts covering the stock, 13 have a Buy or higher rating and 9 have a Hold.
Retail sentiment on Stocktwits was neutral even as message volume surged 300% over 24 hours. One analyst noted expectations for a Q2 2026 beat on the back of robust e-commerce results, while flagging that Klarna’s discount to its larger BNPL competitor “likely only compresses with sustained execution on credit,” per TheFly.
Klarna’s own guidance sets the bar. For Q2 2026, management guided to GMV of $35.5 billion to $36.5 billion, revenue of $960 million to $1 billion, transaction margin dollars of $375 million to $395 million, and adjusted operating profit of $30 million to $50 million. The $995 million consensus revenue figure sits inside that range, shifting the focus to margins and credit.
Last quarter, Klarna posted a loss of $0.01 per share against a $0.13 consensus, on revenue of $1.012 billion, up 51.3% year over year (YoY). Fair Financing GMV grew 138% YoY to $4.1 billion, reaching 12% of total GMV, and interest income rose 56% to $284 million. Management has told investors that credit-loss provisions are expected to rise across Q2, Q3, and Q4 on seasonality, Fair Financing growth will moderate as comparables normalize, and the foreign exchange tailwind from a weaker dollar will diminish through the year.
BNPL Peers Split: Sezzle, PayPal, and Affirm Sezzle (NASDAQ:SEZL) stock is down 5% to $122.89 midday Monday. The smaller BNPL platform’s shares are still up 103% YTD, though Sezzle stock is down 32% for the month after a sharp reset from July highs, and up 9% for the week through Friday. That mixed pattern reflects investors still digesting Sezzle’s most recent print rather than reacting to anything new today.
PayPal (NASDAQ:PYPL) stock is down 2% to $60.35 in the large-cap payments corner. PayPal shares are up 11% for the month and up 6% YTD, holding steadier than either Klarna or Sezzle heading into the Klarna earnings report. The scale of PayPal’s payments platform makes it less sensitive to any single BNPL data point.
Affirm (NASDAQ:AFRM) stock is down 4.17% to $75.08 Monday, giving back a chunk of last week’s advance after the shares closed Friday at $78.35. Affirm had gained 4.12% for the week through Friday’s close, though it remains down 4.11% over the past month, and it’s still up 5.27% year to date on that same basis. As the larger U.S.-listed buy-now-pay-later platform, Affirm serves as the natural valuation anchor for Klarna, and the fact that it’s falling alongside Klarna on a day with no sector news suggests investors are trimming BNPL exposure broadly ahead of Tuesday’s print rather than singling out one name.
The split across the three names supports the read that Monday’s action is Klarna-specific positioning rather than a category event. When Sezzle, PayPal, Affirm, and Klarna splinter on the day before an earnings report, it usually points to single-name flows and hedging, not a macro repricing of BNPL.
What to Watch Investors can watch for whether Klarna’s revenue lands inside the guided $960 million to $1 billion range, whether transaction margin dollars hit the guided $375 million to $395 million, and whether adjusted operating profit stays positive within the $30 million to $50 million guide. Provision growth and full-year commentary are the two swing factors that could dictate the reaction into Wednesday.
The other tells for Klarna include how much provisions climb, and whether management reaffirms the full-year framework of GMV above $155 billion and adjusted operating profit above 6.9% of revenue. Tuesday’s release before the open could set the tone for BNPL sentiment into the back half of the year.
Contact [email protected] for any questions or corrections.
Klarna Group plc (NYSE:KLAR) will release its second earnings report before the opening bell on Tuesday, Aug. 18.
Analysts expect the London, United Kingdom-based company to report a quarterly loss of 4 cents per share, on revenue of $993.39 million, according to Benzinga Pro.
On May 14, Klarna Group reported better-than-expected first-quarter sales results.
Klarna Group shares rose 0.5% to close at $20.79 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Goldman Sachs analyst Will Nance maintained a Buy rating and raised the price target from $21 to $25 on July 9, 2026. This analyst has an accuracy rate of 59%. JP Morgan analyst Tien-Tsin Huang maintained an Overweight rating and boosted the price target from $20 to $22 on July 8, 2026. This analyst has an accuracy rate of 60%. Barclays analyst Nik Cremo initiated coverage on the stock with an Equal-Weight rating and a price target of $20 on July 8, 2026. This analyst has an accuracy rate of 51%. TD Cowen analyst Moshe Orenbuch maintained a Hold rating and increased the price target from $17 to $19 on July 7, 2026. This analyst has an accuracy rate of 66%. Citizens analyst David Scharf initiated coverage on the stock with a Market Perform rating on June 30, 2026. This analyst has an accuracy rate of 81%. Latest Private Market Opportunities
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Klarna stock has rebounded modestly ever since publishing its financial results in February this year. It has rebounded from the year-to-date low of $12.30 in February to the current $20.68.
Cashback rates increased and extended to all purchases with Klarna on Plus and above
Plans now include as many as 23 standout subscriptions, including recent additions NordVPN, Livi, foodora and Voi*
NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, today unveiled its most significant membership upgrade yet. The revamped tiers deliver more cashback, up to €6,000 worth of perks, and remove service fees — built so a Klarna membership pays for itself, and then some.
Klarna's improved membership lineup spans four tiers, each built for a different kind of member but all embodying a flexible ethos: pay only for the Klarna that fits your life. Pay later is free at partner stores, or get broader fee-free access with Everywhere (formerly Core), or climb to Plus, Premium or Max for richer cashback rewards, bigger, everyday perks and a growing set of subscriptions and protections.
A Klarna membership is a fairer alternative to a credit card by design, and one of the biggest differences is freedom. While other cards tie you in for a year, a Klarna membership moves with you. Upgrade for a big travel month and drop back down when things are quieter, with no penalty and no year-long lock-in. There’s no interest on pay later and no pressure to spend, so you simply get more from your money, every month.
The Klarna membership revamp brings three main changes:
Standout new perks worth as much as €6,000 annually: We've recently added NordVPN, Livi, foodora and Voi to existing subscriptions like ClassPass, Headspace, The New York Times, Condé Nast, Storytel, Picsart, Blinkist and Clue*. Plus get travel data, hotel status upgrades, airport lounge access, and UK members can also now enjoy exclusive mobile plans with unlimited data as part of their membership. Removal of all service fees: Pay later at any store, fee-free with Klarna Everywhere. At partner stores, pay later is free for all, no membership needed More cashback: The higher your tier, the more you earn back Membership cashback: Up to 1.5% cashback on every purchase with Klarna Partner cashback: Up to 4x the baseline in-app cashback offering at featured stores This builds on everything members already love about a Klarna membership, like damage and theft cover, a best price guarantee, purchase protection and exclusive merchant discounts. Higher up, there’s also a metal card, travel insurance, airport lounge access and cancel-for-any-reason protection for covering live events and trips.
Members can also convert their Klarna earned cashback points directly to leading travel and hospitality partners, including global airline loyalty programs like The British Airways Club, Flying Blue and Turkish Airlines Miles&Smiles, plus iconic hotel programs like ALL Accor, IHG One Rewards, Hilton Honors, Radisson Rewards, Wyndham Rewards and Global Hotel Alliance Discovery.
"This is the democratisation of banking perks. You shouldn't have to commit for a year and take out a credit card to get cashback and premium benefits. A Klarna membership is flexible, transparent, doesn’t depend on debt, and dollar for dollar, there's nothing in Europe that even comes close on value,” said Klarna Chief Executive Officer and Co-Founder Sebastian Siemiatkowski.
"People want more from their money, without the barriers. Choose the tier that fits your life and change it whenever life changes – the value is always yours. That's money working for you, not the other way around, and it's the everyday money network that we're building,” Siemiatkowski added.
Non-members can use Klarna without service fees anywhere it’s offered at checkout, including Pay in 3, Pay in Full, and Klarna Financing (eligibility applies), as well as use Klarna Balance, Klarna Card in debit mode, get cashback at featured stores in the Klarna app, and access app features like delivery tracking, wishlists, price-drop notifications and loyalty cards.
Klarna Members get all this and much more across four tiers built to fit however they choose to pay, save and spend. New members get their first month of Klarna Everywhere or Plus for just €0.99, or 30% off the first three months of Premium or Max.
The new membership plans are rolling out gradually in the coming weeks in Denmark, Germany, Austria, Italy, France, Spain, Belgium, the UK, Norway, Sweden and Finland, with other regions to follow soon.
The Membership Plans
Klarna Everywhere (€4.99/month) — Use Klarna everywhere
Unlock access to use Klarna everywhere Visa is accepted, without service fees, for the price of a coffee a month. After two fee-free purchases it's already paid for itself.
Use Klarna fee-free anywhere Visa is accepted (subject to credit approval) A Klarna Credit Card, including a physical card (eligibility applies) Access to the One-Time card Exclusive discounts in the Klarna app worth €15 a month Plus access the classic Klarna toolkit: Flexible payments and Pay in Full anywhere Klarna’s offered at checkout Klarna Balance and Klarna Card in debit mode Klarna Financing (eligibility applies) Cashback at featured stores in the Klarna app, and other in-app features like delivery tracking, wishlists, price-drop notifications and loyalty cards. Klarna Plus (€9.99/month) — Earn more, save more, worry less
Cashback on everything you pay for, plus protection on what you buy, and perks worth having.
Everything in Everywhere, plus: Stackable cashback rewards: 0.5% cashback every time you pay with Klarna, whether on debit or pay later, paid out monthly on Klarna Rewards Day 2x in-app partner cashback: Double rewards at featured stores when you shop in the Klarna app Higher interest on your savings: Extra 0.1% on top of the current Klarna standard rate Subscriptions like ClassPass, Bon Appétit, Epicurious and Laundryheap Purchase protection: Damage and theft covered up to €500 30-day best price guarantee: found it cheaper? Get the difference back Exclusive discounts in the Klarna app worth €80 a month, like Booking.com, Nike, MediaMarkt, or Sephora Better travel benefits: Discounted lounge passes at 1,900+ airports worldwide GHA Gold status with the Global Hotel Alliance 1GB travel data: eSIM in 200+ countries Access to Klarna priority customer support Klarna Premium (€19.99/month) — More of everything, with premium access
Get as many as 12 subscriptions for the price of one, plus cashback, purchase protections, travel cover, a metal card, and access to a dedicated support team.
Everything in Plus, plus: 1% membership cashback on all Klarna payments and a 3x in-app partner cashback multiplier Even higher interest on your savings: Extra 0.2% on top of the current rate As many as 12 digital subscriptions, including NordVPN, Classpass, Headspace, New York Times, foodora, Vogue, GQ, Voi, Blinkist, and Clue Expanded purchase protection plus 24-month extended warranty on purchases Even better travel benefits: Global travel and rental car insurance 2GB of travel data GHA Platinum status with the Global Hotel Alliance Further discounted lounge passes at 1,900+ airports worldwide A premium silver metal card Access to a Klarna dedicated support team Klarna Max (€44.99/month) — Max out your money, protections, and subscriptions
The highest cashback rates Klarna offers, as many as 23 subscriptions, and travel cover that even refunds cancelled trips. For members who want it all working, all the time.
Everything in Premium, plus: 1.5% membership cashback on all Klarna payments Plus a 4x in-app partner cashback multiplier Max interest on your savings: Extra 0.5% on top of the current rate As many as 23 digital subscriptions, including NordVPN, Classpass, Headspace, New York Times, foodora, Voi, Blinkist, Clue, The New Yorker, Wired, Vanity Fair, Vogue, GQ, Condé Nast Traveler, Architectural Digest, Bon Appétit & Epicurious A free mobile phone plan with unlimited data (UK only) Cancel-for-any-reason protection on trips and events: 70% refund on non-refundable trips and events canceled 24+ hours before The best travel benefits: Unlimited complimentary airport lounge access GHA Titanium status with the Global Hotel Alliance 5GB of travel data A premium rose gold metal card * Offerings may vary by region.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives and market opportunities. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 119M global active Klarna users and 3.4M transactions per day, Klarna's AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than 1M retailers trust Klarna's innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy's, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
Global digital bank and flexible payments provider Klarna has revamped its membership tiers in Europe, adding new perks, removing service fees and increasing cash-back rewards, the company said in a Thursday (Aug. 13) press release.
Klarna, the global digital bank and flexible payments provider, today unveiled its most significant membership upgrade yet. The revamped tiers deliver more cash
NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, today announced its first-ever integration with J.P. Morgan Payments is now live in the U.S. With this update, merchants on J.P. Morgan Payments' Commerce Platform can now offer Klarna's flexible payment options at checkout for the first time, with no integration required. Businesses across all retail categories, from apparel and travel to health and wellness, that are on the platform can now offer their.
CUPERTINO, Calif.--(BUSINESS WIRE)--Apple® today announced Apple Upgrade, a new product leasing program provided by Klarna for iPhone®, Apple Watch®, Mac®, and iPad® available on the Apple Store® online, in the Apple Store app, and at Apple Store locations in the United States.1 Apple Upgrade makes it even easier for customers to get the Apple products they love with a leasing plan that is right for them. “At Apple, we put the customer at the center of everything we do,” said Karen Rasmussen, A.
Amova Asset Management Americas Inc. lifted its position in shares of Klarna Group plc (NYSE:KLAR – Free Report) by 57.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,198,554 shares of the company’s stock after acquiring an additional 438,930 shares during the quarter. Amova Asset Management Americas Inc. owned approximately 0.32% of Klarna Group worth $15,701,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in KLAR. US Bancorp DE bought a new position in Klarna Group in the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC raised its stake in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the period. Allworth Financial LP purchased a new stake in Klarna Group during the 3rd quarter worth about $37,000. Leonteq Securities AG purchased a new stake in Klarna Group during the 4th quarter worth about $29,000. Finally, CWM LLC boosted its stake in Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the period.
Klarna Group Stock Up 0.1% NYSE:KLAR opened at $18.77 on Tuesday. The company has a fifty day moving average of $17.82 and a 200 day moving average of $18.17. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20. The firm has a market capitalization of $7.09 billion and a P/E ratio of -36.09.
Klarna Group (NYSE:KLAR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. Klarna Group’s quarterly revenue was up 42.7% compared to the same quarter last year. As a group, analysts anticipate that Klarna Group plc will post 0.05 EPS for the current year.
Analyst Ratings Changes A number of equities research analysts recently issued reports on KLAR shares. Barclays initiated coverage on Klarna Group in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price target on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, UBS Group upped their price objective on Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.
Get Our Latest Stock Analysis on KLAR
Klarna Group Company Profile (Free Report)
Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.
Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.
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