Klarna surges on $1 billion in Q1 revenue and user growth
Klarna is climbing Thursday after the fintech company reported a strong start to 2026, swinging to a net profit of $1 million.
The company’s revenue for Q1 landed at $1 billion, above estimates, with earnings per share increasing by $0.25 to $0.01. The revenue beat helped drive adjusted operating profit up to $68 million, a leap from just $3 million in the same period a year ago. Operating income also turned positive at $17 million, reversing a $99 million operating loss from the first quarter of 2025. Meanwhile, active Klarna users jumped by 21% year on year to 119 million.
Klarna did give a weaker-than-expected outlook for the upcoming quarter, projecting revenue to land between $960 million and $1 billion, missing the $1.05 billion target analysts had modeled. Despite the soft current-quarter guidance, management reiterated its full-year 2026 growth and profitability projections, highlighting that its short loan durations allow it to effectively manage credit risk and adapt to market shifts in real time.
“Klarna is spend-centric, not lend-centric,” Sebastian Siemiatkowski, CEO and cofounder of Klarna, wrote in a statement. “The FY26 framework is unchanged — these results give us confidence in the trajectory we laid out.”
The stock has dropped over 45% since the start of 2026.
