Klarna Reports Q2 Earnings with Strong Revenue Growth and Improved Profitability
Klarna (KLAR) reported second-quarter results for fiscal year 2026, showing significant growth in revenue and profitability. The company achieved $1.042 billion in revenue—a 27% increase from the prior year—driven by higher-yielding products and interest income. Gross merchandise value (GMV) rose to $36.6 billion, up 18%, with strong performance across all regions, particularly a 27% growth in the U.S. Klarna's transaction margin dollars reached $446 million—a 42% increase—while adjusted operating income climbed from $29 million to $91 million. The company also reported net income of $9 million for Q2 compared to a loss of $53 million in the same period last year, marking its second consecutive quarter with positive earnings. Despite these gains, Klarna revised downward its full-year GMV and revenue guidance due to currency headwinds and weaker retail demand in Germany. The company now expects between $149 billion and $151 billion in annual GMV and $4.08 billion to $4.16 billion in total revenue.
Topics: EPS GMV net income operating income revenue transaction margin