Klarna Q3 Revenue Posts Record Quarter
Klarna Q3 revenue showed a record quarter as U.S. expansion and Klarna Card adoption lift Q4 guidance, shifting trader focus to U.S. momentum.
KEY TAKEAWAYS
- Q3 revenue totaled $903 million, a 26% year-over-year increase.
- U.S. revenue rose 51% and U.S. GMV climbed 43%, powering most top-line growth.
- Klarna Card reached 4 million sign-ups in four months, underpinning Q4 guidance above $1.0 billion.
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Klarna reported a record quarter in Q3 2025, driven by rapid U.S. expansion and strong adoption of the Klarna Card, the company said in a press release on Nov. 18, 2025. These factors support a stronger outlook for the next quarter.
Record Quarter After IPO
Klarna posted Q3 revenue of $903 million, a 26% increase year over year. U.S. revenue surged 51%, fueling much of the top-line growth. Gross merchandise volume (GMV) in the U.S. rose 43%, reflecting higher transaction activity through Klarna’s American channels.
Since launching the Klarna Card four months ago, the company has signed up 4 million users. CEO Sebastian Siemiatkowski said, "The Klarna Card has taken off, with 4 million sign-ups in just four months," highlighting the card’s role in U.S. momentum.
This was Klarna’s first quarterly report as a public company following its September 2025 IPO on the New York Stock Exchange.
Guidance and AI-Driven Growth
Klarna projects Q4 revenue to exceed $1 billion, which would mark its first billion-dollar quarter. The company attributes this outlook to continued U.S. expansion, Klarna Card adoption, and operational improvements powered by artificial intelligence (AI).
Siemiatkowski said, "Q3 was our strongest quarter ever — proof that our AI-driven model is working at scale." The company credits its AI-driven approach with enabling greater scale and efficiency as it grows in the U.S.
No detailed segment or margin guidance was provided. The company’s near-term growth depends on U.S. market momentum and AI-driven operational gains.
