Klarna Group reported revenue of USD 1.082 billion for the fourth quarter of 2025, a 38% increase compared with the same period a year earlier and the first time the Swedish buy-now-pay-later company has generated more than one billion dollars in revenue within a single quarter. The figures were disclosed in Klarna's fourth-quarter 2025 results published on 19 February 2026, its first annual results since its September 2025 New York Stock Exchange IPO.
Gross merchandise volume for the fourth quarter reached USD 38.7 billion, a 32% increase year on year. In the US, revenue grew 58% year on year and gross merchandise volume rose 43%, with 29 million US customers.
US BUSINESS
The company has been expanding its merchant partnerships across North America, adding merchants and deepening engagement through products such as the Klarna Card and Fair Financing.
The company has been broadening its offering beyond instalment payment plans to include a wider range of consumer finance tools, including the Klarna card and savings features.
FULL-YEAR FIGURES
For the full year 2025, Klarna reported gross merchandise volume of USD 127.9 billion, a 21% increase on 2024, and total revenue of USD 3.5 billion, up 25% year on year.
Klarna's results were its first annual figures since its September 2025 listing on the New York Stock Exchange; the company reported a Q4 net loss of USD 26 million as provisions for new lending rose, and its shares fell on the day.