Klarna Q2: Net Profit $9M, But GMV Guidance Cut to $149–151B
KLAR sits 31% above its 52-week low of $12.06 on elevated volume (3.0× avg).
Summary
Klarna posted a surprise Q2 net profit of $9 million, but cut full-year GMV guidance to $149–151 billion, sending shares down 18%. The filing also reveals an FTC draft complaint on its Buyer Protection Policy.
Updates
· Dow Jones Newswires — Klarna shares fell 23% on August 18, its worst day since February, after the guidance cut.
Key Events · Earnings and Guidance · KLAR
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Q2 Net Profit Beats Expectations
Klarna reported Q2 net income of $9 million, versus a $53 million loss a year ago and expectations of a $17.4 million loss. Revenue grew 27% to $1.042 billion, and transaction margin dollars grew 42% to $446 million.
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Full-Year GMV Guidance Cut
Full-year GMV guidance was lowered to $149–151 billion from above $155 billion, driven by ~$600 million in currency translation and softer German retail volumes. U.S. assumptions are unchanged.
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Revenue Guidance Lowered on Fair-Value Change
Full-year revenue guidance was cut to $4.08–4.16 billion from above $4.34 billion. A fair-value accounting presentation change for U.S. and German Fair Financing reduces reported take rate by ~10bps, though comparable take rate rises to 2.84–2.85%.
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Transaction Margin Guidance Raised
Full-year transaction margin dollars guidance was raised to $1.62–1.65 billion from above $1.61 billion, with ~2bps benefit from the fair-value change. Excluding that, TMD margin is ~1.07% of GMV, still ahead of prior 1.04% guidance.
Analysis · KLAR · Finance
A surprise Q2 net profit of $9 million, beating expectations of a $17.4 million loss, was delivered by Klarna, with revenue up 27% to $1.042 billion and transaction margin dollars up 42% to $446 million. However, the company lowered its full-year GMV guidance to $149–151 billion from above $155 billion, citing roughly $600 million in currency translation and a more measured view of German volumes. The stock plunged 18% on the news, marking its second-worst daily drop. The filing also discloses that the FTC sent a draft complaint in August 2026 regarding Klarna's Buyer Protection Policy, adding a regulatory overhang. The mixed picture — strong profitability but reduced volume outlook — is the core tension for investors.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 36.9% of the 1029 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KLAR was trading at $15.82 on NYSE in the Finance sector, with a market capitalization of approximately $6B. The 52-week trading range was $12.06 to $57.20. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.