Affirm Holdings shares fell 1.3% on August 18 after Klarna cut its 2026 volume and revenue forecasts, then rebounded 5.1% the next session. Klarna now expects full-year gross merchandise volume of $149 billion to $151 billion, down from more than $155 billion, and revenue of $4.08 billion to $4.16 billion, down from $4.34 billion. Klarna's second-quarter revenue increased 27%, overall volume rose 18%, and U.S. volume grew 27%, with management tying the weaker outlook primarily to soft German retail conditions and currency translation reducing projected volume by approximately $600 million. Affirm's August 27 earnings report must show whether the initial decline reflected a broader consumer-credit warning or an opportunity to capture share from a slowing competitor.
Klarna Group plcKlarna cut its 2026 volume and revenue forecasts due to soft German retail and currency.
Affirm Holdings IncKlarna's guidance cut could signal sector weakness or opportunity for Affirm to gain share.
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