Klarna Group PLC

KLAR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Klarna Earnings: Transaction Margin Dollars Miss Sends Shares Lower, but Thesis Intact

Niklas Kammer

Feb 20, 2026

Klarna reported fourth-quarter results that beat guidance on revenue and gross merchandise volume but missed transaction margin dollar guidance. The market punished the stock heavily, having expected improved profitability metrics in the near term.

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Klarna Group PLC

Klarna Earnings: Transaction Margin Dollars Miss Sends Shares Lower, but Thesis Intact

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