Quarterly ResultMay 14, 2026, 10:42 AM
Klarna Q1 Revenue $1.0B (+44% YoY); Adj. Operating Profit $68M
AI Summary
Klarna reported a strong start to 2026 with first-quarter revenue reaching $1.0 billion, a 44% year-over-year increase. Adjusted operating profit significantly improved to $68 million, up from $3 million a year ago, while net income turned positive at $1 million. The company also reiterated its full-year 2026 guidance and issued Q2 2026 guidance, reflecting continued growth and improved profitability.
Key Highlights
- Q1 2026 Revenue grew 44% YoY to $1.0 billion.
- Adjusted operating profit reached $68 million, up from $3 million YoY.
- Net income turned positive at $1 million, compared to a $(99) million loss YoY.
- GMV increased 33% YoY to $33.7 billion, with U.S. GMV up 39%.
- Active consumers grew 21% YoY to 119 million; merchants increased 49% to over 1 million.
- Fair Financing GMV surged 138% YoY, representing 12% of total GMV.
- Issued Q2 2026 guidance: GMV $35.5B-$36.5B, Revenue $960M-$1.0B, Adj Op Income $30M-$50M.
- Secured a $2 billion forward flow facility for $17 billion U.S. financing capacity.