Q4 2025 Klarna Group PLC Earnings Call Transcript

Feb 19, 2026 / 01:30 PM GMT

Release Date Price: €11.94 (-27.72%)

Transcript

Key Points

Positve

Klarna Group PLC (KLAR) reported a 28% year-over-year increase in active consumers, reaching 1,180 million.
Merchants using Klarna's services grew by 42% year-over-year, totaling 966,000.
Gross Merchandise Volume (GMV) exceeded expectations at $38.7 billion, surpassing the top end of guidance.
Revenue increased by 38% to over $1 billion, beating guidance.
The company successfully initiated its first fair financing forward flow, recognizing $73 million in gain on sales in Q4 2025.

Negative

Transaction margin dollars after provisions were lower than expected, primarily due to accelerated lending growth.
The upfront provisioning for credit losses created a $40 million headwind in Q4 2025.
Despite strong growth, the rapid adoption of banking services resulted in lower upfront transaction margins.
The company's share price has declined since the IPO, causing investor dissatisfaction.
Funding costs increased due to the expansion in the US, impacting overall financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KLAR.N - Klarna Group PLC
Q4 2025 Klarna Group PLC Earnings Call
Feb 19, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Welcome to Klona's fourth quarter 2025 earnings call. My name is Philippa Boltz, head of communications at Klona, and I am joined today by Sebastian Szymiankowski and Nicholas Nigel. Our Q4 results were released at around 7:30 a.m. Eastern time, and they are available on our investor relations website.

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.

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