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StocksMediumUpdated•Originally published 19 February 2026•Updated 19 February 2026•

1 min read

Klarna Posts Record Revenue and $13 Billion in Deposits in Banking Pivot

Klarna reported record-breaking financial results for the fourth quarter of 2025, achieving its first-ever billion-dollar revenue quarter at $1.082 billion, a 38% year-over-year increase. Gross Merchandise Volume (GMV) reached $38.7 billion, surpassing analyst expectations amid strong momentum in the U.S. market. A significant milestone was the growth of deposits to $13 billion, driven by the effective conversion of checkout traffic into banking products. The company utilizes a synergistic model linking checkout services, cards, and deposits to accelerate its global network scaling. This performance highlights Klarna's successful evolution into a comprehensive digital bank. These results provide a positive outlook for the broader Fintech sector and competitors such as Affirm and PayPal.

3 months ago

Version History

Version 13 months ago

What changed: Updated the story to include the $13 billion deposit milestone and the strategic synergy between checkout traffic and banking expansion to drive network scaling.