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Klarna Group Plc (KLAR)
NYSE:KLAR
Earnings Data
Report Date
Nov 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.25Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed robust topline and customer-growth momentum — substantial YoY increases in active consumers (+28%), merchants (+42%), revenue (+38% to >$1B), and banking adoption (banking customers +101%, card users +288%). Management explained that rapid Fair Financing and lending growth create an accounting timing effect (upfront provisioning) that depressed near-term transaction margin dollars despite strong lifetime economics and planned mitigants (loan sales/forward flows, scaling of deposits and internal rails). While funding/processing costs in the U.S., a quarterly TMD miss, and lingering investor concerns about near-term profitability introduce measurable near-term risks and modeling uncertainty, the fundamentals (network growth, higher ARPU among banking customers, operating leverage, and tools to accelerate profitability) are compelling. Overall the positives around scale, product adoption, and long-term economics outweigh the short-term provisioning and cost headwinds.Company Guidance
Strong Consumer and Merchant Growth
Active consumers reached 118 million, up 28% year-over-year; merchant count grew to 966,000 (added 285,000 merchants), up 42% year-over-year, demonstrating continued network expansion across 26 markets.
Revenue and GMV Outperformance
Q4 revenue grew 38% year-over-year to over $1 billion and GMV in the quarter was $38.7 billion (above the top end of guidance). Full-year 2025 volume totaled approximately $127 billion.
Accelerating Banking Adoption and High-Value Customers
Klarna banking customers reached 15.8 million, up 101% year-over-year; active card users grew to 4.2 million, up 288% year-over-year; consumer deposits rose to $13 billion, up 37% year-over-year. Banking customers show materially higher engagement (ARPU $107 vs $30 for core base) and higher average deposits ($475 vs $64).
Improving Transaction Margins on a Trajectory
Transaction margin dollars before provisions grew 31% to $622 million (an acceleration of $107 million sequentially). After provisions, transaction margin dollars were $372 million, up 17% year-over-year and up 28% sequentially from Q3.
Capital-Efficient Profitability Tools Deployed
Klarna initiated its first Fair Financing forward flow in Q4 and recognized $73 million of gain on sales, a lever intended to accelerate profitability improvement in 2026 while supporting capital-efficient growth.
Demonstrated Unit and Operating Leverage
Revenue per employee reached $1.24 million in 2025 (a 3.6x increase since 2022). Since 2022, revenue accelerated 104% while adjusted operating expenses declined 8%, indicating strong operating leverage.
Large Originations with Expected Long-Term Yield
Example provided: $2.5 billion of U.S. Fair Financing originated in Q4 — $80 million of provisions were booked upfront and $40 million of revenue recognized in Q4, with an additional ~$180 million of interest income expected over the lifetime of loans, demonstrating deferred lifetime economics.
Partnership and Distribution Expansion
Expanded distribution and product ubiquity via partnerships and integrations (Stripe default relationship, Nexi/Paytrail rollout, Apple Pay, Google Pay) and merchant partnerships including Walmart, Emirates, LEGO, Vinted, StockX, Lufthansa and Etsy — supporting global scale and checkout presence.
KLAR Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
Nov 24, 2026 | 2026 (Q3) | -0.25 | ― | ― | ― | ||
Feb 26, 2026 | 2025 (Q4) | 0.061 | -213.11% (-0.13) | ||||
Nov 18, 2025 | 2025 (Q3) | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KLAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $14.95 | $14.14 | -5.42% |
Nov 18, 2025 | $34.88 | $31.63 | -9.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Klarna Group Plc (KLAR) report earnings?
Klarna Group Plc (KLAR) is schdueled to report earning on Nov 24, 2026, Before Open (Confirmed).
What is Klarna Group Plc (KLAR) earnings time?
Klarna Group Plc (KLAR) earnings time is at Nov 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KLAR EPS forecast?
Currently, no data Available