Klarna Group Plc · NYSE:KLAR
Klarna — Q2 2026 Earnings Presentation
15 slides from Klarna's earnings presentation, Aug 18, 2026
Slide 1: CEO Opening Remarks
CEO Opening Remarks.
Slide 2: Q2 performance highlights
Q2 performance highlights. Pat Revenue Transaction margin Adj. operating profit Netincome EPS (basic & diluted) KPIS GMv Active consumers Merchants THE QUARTER Q2'26 $1,042m $446m $91m $9m $0.01 $36.6b 120m 1.2m Yoy +27% +42% +$62m +$62m +$0.15 +18% +8% +54%
Slide 3: Klarna's 3 business areas
Klarna's 3 business areas BUSINESS AREA SPEND TYPE TYPICAL TICKET FREQUENCY CONSUMER NEED INDUSTRY PRODUCTS KLARNA PRODUCT DURATION REVENUE LINES TOTAL CONSUMER SPEND Everyday Spend & Save Nondurables & services <$75 6 Daily (5 Weekly Speed Debit cards Pay Now Mostly debit Paymentfees Subscriptions
Slide 4: Every market is on the same path, at a different point along it
Every market is on the same path, at a different point along it Transacti 60% 20% 0% mm 0225 ion margin as a percentage of revenue, Q2 2026 43% 38% 23% 14% Total United States +5pp in twelve months +9pp in twelve months Q226 Ml Mature markets today 1argin is non-IFRS; see the IR data pack for the ma
Slide 5: Quarterly updates
Quarterly updates 01 02 03 04 05 Membership growth Klarna Card J.P. Morgan Payments live Apple Upgrade live Credit performance
Slide 6: CFO Financial Deep-Dive
CFO SECTION CFO Financial Deep-Dive.
Slide 7: Q2 P&L Summary
Q2 P&L Summary. 9725 Q226 YoY LAL TRANSACTION MARGIN DOLLARS TGulnearae <A a USO milions-Q2'25 vs 9228 Transaction Costs (508) (696) +17% +16% $446m Transaction Margin Dollars 315 446 442% +30% TMD margin (% of revenue) 38.3% 42.8% +4.5pp Adj. Operating Profit 29 «91 +$62m $315m IFRSnon-transaction-
Slide 8: Gross Merchandise Volume
Gross Merchandise Volume. Q2'26 GMV BY MARKET United States Global (Ex-US) Total Q2'26 GMV BY PRODUCT Pay Later Charge Card Equivalent Fair Financing POS Installments Payin Full Everyday Spending Total is for FX at prion period rales: Q2'26 $7.9b $28.8b $36.6b Q2'26 $28.3b $4.7b $3.6b $36.6b % 22% 7
Slide 9: Revenue
Revenue. Q2'26 REVENUE TYPE » GROUP 9226 %OFGMV Yor LL Txn & service $707m 1.93% +17% +15% Gainonsale $69m 0.19% nm. nm. Interest income $266m 0.73% +21% +19% Total $1,042m 2.85% +27% +25% UNITED STATES GLOBAL EX-US e226 yor 9228 yor ur Txn & service $238m = +23% Txn& service $469m +14% +12% Gain on
Slide 10: Transaction Margin Dollars (TMD)
Transaction Margin Dollars (TMD). Q2'26 REVENUE TO TMD » GROUP 9228 %orcny yor ur Total Revenue $1,042m 2.85% 427% +25% Transaction Costs $(596)m 1.63% +17% +16% Processing & servicing $(233)m 0.64% +25% +23% Provision for credit losses $(192)m 0.52% +11% +9% Funding costs $(171)m 0.47% +16% +14% TM
Slide 11: Delinquency: US
Delinquency: US. CHARGE CARD EQUIVALENT / PAY LATER — 30+ DPD 17 a v9 a LosQi26-13 mature cohort (Q1'28) 13% ~20bpsQ00 CHARGE CARD EQUIVALENT / PAY LATER — 60+ DPD POINT OF SALE INSTALLMENTS / FAIR FINANCING — 30+ DPD 35 Lee 32 7p Q828-30 Latest mature cohort (92°26) 3.0% -20bp G0 POINT OF SALE INST
Slide 12: Outlook
Outlook. FULL YEAR FULL YEAR FULL YEAR 93°26 PRIOR GUIDANCE UPDATED (LOW) UPDATED (HIGH) GMV >$155.0bn $149.0bn $151.0bn $35-36b Revenue, % of GMV >2.80% 2.74% 2.75% $940-980m Revenue, % of GMV (excluding fair value >2.80% 2.84% 285% presentation change) ing >$4,34bn $4.08b $4.16b TMD, % of GMV >1.0
Slide 13: Appendix - Q2 2026 Reconciliations
APPENDIX - Q2 2026 Reconciliations. 226 Operating Restructuringand Share-based Depreciation and Adjusted operating ‘expenses ‘other payments amortization expenses Technology and product development 130 (4) (4 Sales and marketing costs 128 18) Customer service and operations 58 1) = General and admin
Slide 14: Appendix - Q2 2026 Reconciliations
APPENDIX - Q2 2026 Reconciliations. Amounts in USD millions Operating profit (loss) 27 Technology and product development 130 120 Sales and marketing costs 128 93 Customer service and operations 58 51 General and administrative 91 65 Depreciation, amortization (excl. software) and impairm Transactio
Slide 15: Important disclosures
Important disclosures. Forwartooking Statements ‘This presentation contain foxwarclocking statements. Al statements contained inthis presentation other than statement of historia fact, neu statements regain ur fature operating results a financial postion. our business ststogy and plana, market gfowt