How Klarna Makes Money (2026)
Klarna makes money mainly from Transaction revenue. Its FY2025 total revenue was $3,509 million ($3.5 billion), with Transaction revenue the biggest disclosed revenue line at $2,103 million ($2.1 billion) and 59.9% of total revenue (computed from the 20-F FY2025). Klarna earns merchant fees when consumers pay, and interest when they spread payments over time.
Last checked 2026-10-18 on the official pages.
Revenue breakdown
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Transaction revenue | $2,103 million ($2.1 billion) | 59.9% | 20-F FY2025 ↗ |
| Consumer service revenue | $397 million | 11.3% | 20-F FY2025 ↗ |
| Gain on sale of consumer receivables | $73 million | 2.1% | 20-F FY2025 ↗ |
| Interest income | $937 million | 26.7% | 20-F FY2025 ↗ |
| Total revenue | $3,509 million ($3.5 billion) | — | 20-F FY2025 ↗ |
The hidden model
Klarna earns merchant fees when consumers pay, and interest when they spread payments over time.
Klarna’s transaction revenue includes fees paid by merchants when consumers transact. verified
Transaction revenue includes merchant revenue and advertising revenue. Merchant revenue refers to fees paid by our merchants, generated when consumers transact on our network.
Klarna also earns interest when consumers spread or delay payments. verified
Interest income includes interest earned when consumers choose to spread the cost of transactions over time through one of our interest-bearing financing products or to delay the cost of transactions with our payment flexibility features, such as “snooze.”
Business models
Interest and banking · Payments network
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Frequently asked questions
How does Klarna make money?
Klarna makes money mainly from Transaction revenue. Its FY2025 total revenue was $3,509 million ($3.5 billion), with Transaction revenue the biggest disclosed revenue line at $2,103 million ($2.1 billion) and 59.9% of total revenue (computed from the 20-F FY2025). Klarna earns merchant fees when consumers pay, and interest when they spread payments over time.
What is Klarna’s business model?
Klarna’s business model is Payments Network and Interest and Banking. Connect or serve merchants, consumers, and financial institutions. Charge for payment acceptance, processing, settlement, or related services; the fee basis varies by product. Klarna earns merchant fees when consumers pay, and interest when they spread payments over time.
What is Klarna’s hidden model?
Klarna earns merchant fees when consumers pay, and interest when they spread payments over time.