Klarna Group plc key statistics and ratios

In fiscal 2025, Klarna Group plc had return on equity of -11.9%, an operating margin of -6.6% and debt equal to 0.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Klarna Group plc: financial ratios, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Operating margin	−14.2%	−4.3%	−6.6%
Net margin	−10.7%	0.7%	−7.8%
Free-cash-flow margin	35.5%	20.8%	−29.5%
Return on equity	−11.1%	1.0%	−11.9%
Return on assets	—	0.2%	−1.7%
Asset turnover	—	0.20	0.22
Debt to equity	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m
Effective tax rate	—	36.4%	—
Capital spending as % of revenue	0.0%	0.0%	0.1%
Free cash flow ÷ net income	—	>999%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Klarna Group plc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Klarna Group plc.