Klarna, the Swedish buy-now-pay-later and payments group, reported revenue of USD 701 million for the first quarter of 2025, an increase of 15% year-on-year on a like-for-like basis. Adjusted operating profit for the quarter reached USD 3 million, making Q1 2025 the fourth consecutive profitable quarter for the business.
Gross Merchandise Volume — the total value of transactions processed through Klarna's platform — grew 13% year-on-year to USD 25 billion in the first quarter, while the number of active consumers on the platform passed 100 million in April 2025. The results were published by the company on 19 May 2025 in a press release on its international newsroom.
IPO PLANS
The company publicly filed for a New York Stock Exchange listing in March 2025 but paused the plan in April amid tariff-driven market volatility.
Klarna has not set a new IPO date. It had already filed its F-1 registration statement publicly with the US Securities and Exchange Commission in March 2025 before pausing the offering in April.