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Mahathir Bayena

Mahathir Bayena

GrafaCrypto Journalist

Crypto journalist for Grafa, with nearly 10 years of experience covering blockchain, Web3, and NFT gaming trends. MBA & Economics grad.

Articles by Mahathir Bayena

Grafa
Insights

Klarna’s guidance cut exposes the BNPL growth divide

  • Klarna posted Q2 2026 revenue of $1.042 billion (+27%) and GMV of $36.6 billion (+18%), while turning a $46 million operating loss a year earlier into a $27 million operating profit and $9 million net income.
  • Despite stronger profitability and transaction margins, Klarna cut its full‑year GMV outlook to $149–151 billion, citing weaker German consumer spending and ongoing sensitivity to credit conditions.
  • Compared with peers, Klarna is larger than Affirm and Sezzle on GMV but faces similar pressure to show that higher per‑transaction economics can offset slower volume growth, while Block and PayPal embed BNPL within much broader payments ecosystems.
Read more: Klarna’s guidance cut exposes the BNPL growth divide