Klarna Group plc (KLAR) reported first-quarter 2026 revenue of $1 billion. This represents a 44% year-over-year increase. The company achieved an adjusted operating profit of $68 million. This result improved upon the $3 million profit recorded in the prior year. Net profit reached $1 million. This performance reversed a $99 million loss from the same period last year.
Klarna shares fell more than 8% on Friday. The company projects second-quarter revenue between $960 million and $1 billion. This forecast missed the market consensus of $1.07 billion. Gross merchandise volume (GMV) projections also fell below analyst expectations.
Analysts issued conflicting price target adjustments following the report. Keefe, Bruyette & Woods raised its target to $26. The Goldman Sachs Group increased its target to $21. Wells Fargo lowered its price target to $26.