Klarna revenue 2011-2023

Klarna’s operating revenue increased by almost 600 million Swedish kronor between Q2 2023 and Q3 2022, continuing its recovery from late 2022. Klarna, officially called Klarna Bank AB, is mainly known for its digital payment solutions — especially Buy Now, Pay Later (BNPL). While the revenues were increasing in Swedish currency, the company did become less profitable as time passed.

Online payment in Sweden

Klarna was one of several online payment services that saw its use increase over the years. The Local online payment solution Swish was used by a constantly growing share of respondents from 2014 to 2019. Swish was the leading online payment service in the country since 2015 and has been followed by Klarna. PayPal, otherwise largely accepted globally, was used by only one out of three Swedish respondents in 2019.

FinTech funding

With the technological development, the use of smartphones for banking, investing and borrowing services has increased and more and more FinTech companies have been founded. Most of the Fintech companies with a large amount of funding in the Nordic region were Swedish, as of May 2019. Klarna topped the ranking with close to 700 million euros funding, followed by iZettle and Bima Mobile – Milvik.

Net operating revenue of Klarna Bank AB from 2011 to 3rd quarter of 2023

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Release date

November 2023

More information

Region

Sweden

Survey time period

2011 to Q3 2023

Special properties

The source changed its reporting in 2018. Quarterly figures from before this year are therefore incomparable with the years following this change. The source only changed its annual numbers in retrospect.

Supplementary notes

The source only reports "net operating income" or "net operating revenue", and generally does this in Swedish krona (SEK).

Numbers are as of the end of the reported period. The source reports figured on a "year to date (YTD)" basis, something this statistic does not do.

The figures have been taken from several publications.

The USD figures have been calculated by Statista, based on bilateral exchange rates from the Bank for International Settlements (BIS).

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