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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Klarna Group plc (KLAR) is 8/10.
Klarna's first quarter of 2026 marked a clean profitability inflection. Revenue grew 44% year over year to $1.012 billion (36% like-for-like) and Klarna delivered above the high end of every guided line, as adjusted operating income reached $68 million, up $65 million, and net income turned positive. Operating leverage was the story: transaction margin dollars rose 44% to $389 million while non-transaction operating expenses grew just 3%. Growth was broad, with U.S. revenue up 67% to $399 million, Fair Financing up 138% to $4.1 billion across 225,000 merchants, and the Klarna Card crossing 5 million active users. Credit quality improved, with provisions at 55 basis points of GMV, and management reiterated its full-year 2026 guidance.
Scored from Klarna Group plc’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2025 Q1 | $669M | +10.0% | $-0.26 | -188.9% | -13.5% | -15.1% |
| FY2025 Q2 | $823M | +28.2% | $-0.14 | -600.0% | 12.3% | -6.3% |
| FY2025 Q3 | $903M | +28.0% | $-0.26 | — | -9.2% | -10.5% |
| FY2025 Q4 | $1.08B | +38.0% | $-0.12 | — | -1.0% | -4.3% |
| FY2026 Q1 | $1.01B | +51.3% | $-0.01 | +94.9% | 18.6% | -0.5% |
| FY2026 Q2 | $1.04B | +26.6% | $0.01 | +107.1% | 2.6% | 0.9% |