Klarna's profitability reached positive figures between Q3 2022 and Q3 2023, after the company shifted its focus during the year. Profits — which Klarna reports as "net result" — were worth a negative 10.2 billion Swedish krona for the full year 2022, or a negative one billion U.S. dollars when compared against the average SEK/USD rate. Other sources quote variants of this number — 10.4 billion Swedish krona or 10.5 billion Swedish corona, likely due to a different FX rate used. Nevertheless, Klarna was not a profitable company. This accelerated in Q4 2021 and Q1 2022, when economic uncertainty and the war in Ukraine caused consumer sentiment to shift. This led to an announcement in May 2022 that the BNPL company would cut its workforce by roughly 10 percent.
Net profit of buy now, pay later provider Klarna across the world from 2011 to 3rd quarter of 2023
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 reports "net result for the period", "net income for the period" and "net profit for the period", and generally does this in Swedish krona (SEK).
The figures have been taken from several publications.
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Statista, & Klarna. (November 6, 2023). Net profit of buy now, pay later provider Klarna across the world from 2011 to 3rd quarter of 2023 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/866121/klarna-bank-net-income/
Statista, und Klarna. "Net profit of buy now, pay later provider Klarna across the world from 2011 to 3rd quarter of 2023." Chart. November 6, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/866121/klarna-bank-net-income/
Statista, Klarna. (2023). Net profit of buy now, pay later provider Klarna across the world from 2011 to 3rd quarter of 2023. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/866121/klarna-bank-net-income/
Statista, and Klarna. "Net Profit of Buy Now, Pay Later Provider Klarna across The World from 2011 to 3rd Quarter of 2023." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/866121/klarna-bank-net-income/
Statista & Klarna, Net profit of buy now, pay later provider Klarna across the world from 2011 to 3rd quarter of 2023 Statista, https://www.statista.com/statistics/866121/klarna-bank-net-income/ (last visited October 31, 2024)
Net profit of buy now, pay later provider Klarna across the world from 2011 to 3rd quarter of 2023 [Graph], Statista, & Klarna, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/866121/klarna-bank-net-income/
