Klarna cuts full-year 2026 revenue guidance to $4.08B-$4.16B, overshadowing a Q2 beat with $1.04B in revenue.
Klarna shares tumbled 19% to $15.84 after the company lowered its full-year 2026 revenue guidance to a range of $4.08 billion to $4.16 billion. The move overshadowed a strong Q2 performance, where revenue rose 27% year-over-year to $1.04 billion, beating the $996 million consensus.
Despite the guidance cut, Klarna reported adjusted earnings of $0.01 per share, outperforming expectations of a $0.06 loss. The company’s gross merchandise volume also saw growth, though the revised outlook reflects a slowdown in German transaction volumes, which Klarna attributed to company-specific factors.
Peer stocks remained unaffected, with Affirm up 0.5% to $74.9 and PayPal rising 2% to $61.41. The divergence suggests investors view Klarna’s challenges as isolated rather than indicative of broader buy-now-pay-later sector weakness.