Klarna Q1 2026 Results: Revenue Hits $1 Billion

New York, USA. Klarna (NYSE: KLAR), the global digital bank and flexible payments provider, today announced its financial results for the first quarter of 2026, showcasing significant growth across its business metrics.

The company reported a strong start to the year, with Gross Merchandise Volume (GMV) reaching $33.7 billion, a 33% increase year-over-year. Revenue grew by 44% compared to the same period in 2025, reaching $1.0 billion. Notably, Klarna achieved an adjusted operating profit of $68 million, a substantial improvement from the $3 million reported in Q1 2025.

Financial and Operational Highlights

• GMV: $33.7 billion (+33% YoY).
• Revenue: $1.0 billion (+44% YoY).
• Transaction Margin Dollars: $389 million (+44% YoY).
• Operating Income: $17 million, compared to a loss of $(90) million in Q1 2025.
• Net Income: $1 million, versus a net loss of $(99) million in Q1 2025.
• Active Consumers: 119 million (+21% YoY).
• Merchant Growth: Over 1 million merchants (+49% YoY).

Klarna continues to expand its reach through strategic partnerships and product adoption. The company emphasized its three-pronged approach to the consumer wallet: Pay Now, Pay Later, and POS installments (Fair Financing). This strategy has driven deeper engagement, with the cohort of consumers who first used Klarna in 2022 increasing their annual revenue contribution significantly over time.

Looking ahead, Klarna has reiterated its full-year 2026 guidance and provided a positive outlook for the second quarter, expecting GMV in the range of $35.5 billion to $36.5 billion and revenue between $960 million and $1,000 million.