Klarna’s shares fell 18.6% in pre-market trading after the buy-now-pay-later group trimmed its full-year revenue guidance and announced the departures of its chief financial and chief marketing officers.
Trading near $15.88, the stock approached the lower end of its 52-week range of $12.06. The decline extended a pattern of volatility following earnings releases, with shares dropping 27.5% and 13.8% in the prior two reporting periods despite headline profit beats.
The company reduced its 2026 revenue guidance to between $4.08 billion and $4.16 billion, implying a midpoint of roughly $4.12 billion. The revision marks a pullback from the prior forecast of about $4.3 billion and falls short of the analyst consensus of $4.42 billion. Klarna cited foreign exchange headwinds and a more conservative outlook for transaction volumes in Germany, its largest market, as key factors behind the adjustment.
Leadership changes were also disclosed, with CFO Niclas Neglén and CMO David Sandström set to depart in early 2027 after six and nine years, respectively. The company said it is actively searching for a New York-based replacement for the CFO role.
The broader market environment weighed on high-growth fintech stocks, with the NASDAQ declining 1.1% on the day. The BNPL sector continues to face scrutiny over credit quality, following a sharp rise in Klarna’s credit-loss provisions year-over-year. PayPal, cited as a large-cap peer, was noted for its relative resilience amid the sector’s challenges.
Klarna’s latest guidance cut underscores the pressure on BNPL providers amid shifting consumer behavior and regulatory scrutiny, while the leadership departures introduce further uncertainty into the company’s near-term trajectory.
