Klarna stock plunged 20% in early trading after the Swedish buy-now, pay-later firm trimmed its outlook for revenue and gross merchandise volume. The company now expects 2026 gross merchandise value between $149 billion and $151 billion, down from a previous forecast of $155 billion, and revenue of $4.08 billion to $4.16 billion, below prior guidance of $4.34 billion. Klarna attributed the softer outlook to a slowdown in retail sales and depressed consumer sentiment in Germany, its largest market by volume. The guidance change overshadowed an unexpected second-quarter profit, with earnings per share of $0.01 topping Wall Street forecasts for a $0.06 per share loss, and revenue up 27% year over year to $1.04 billion. Klarna also said the number of consumers over 30 days delinquent on their loans decreased by more than 20 basis points quarter-to-quarter.
Klarna Group plcTrims 2026 guidance due to slowdown in German retail sales and depressed consumer sentiment, its largest market.
