Klarna Posts 25% Revenue Surge to $3.5B with 22% GMV Growth
Klarna's full-year 2025 GMV climbed 22% to $127.9 billion, with revenue up 25% to $3.5 billion and adjusted operating profit of $65 million (1.9% margin). The company posted an EPS loss of $(0.79) as active consumers rose 28% to 118 million and merchants increased 42% to 966,000.
1. GMV and Revenue Growth
Klarna's GMV reached $127.9 billion in 2025, up 22% year-over-year, while total revenue climbed 25% to $3.5 billion as its payments network saw higher transaction volumes.
2. Operating Profit and Margins
Adjusted operating profit totaled $65 million, delivering a slim 1.9% operating margin, reflecting continued investment in platform expansion and risk management.
3. Earnings Per Share
Full-year EPS was $(0.79), with fourth-quarter EPS at $(0.12), indicating ongoing investment costs and credit provisions impacting bottom-line profitability.
4. User and Merchant Expansion
Active consumer count grew 28% to 118 million, and the merchant base expanded 42% to 966,000, underscoring strong adoption of Klarna’s flexible payment solutions.