# Klarna Group plc (KLAR)

> Source: Nexqual · https://nexqual.com/KLAR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Klarna Group plc (KLAR), nexqual.com/KLAR" · informational, not investment advice.

**Price:** USD 13.23 (+0.84% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 13.12 · day 12.94–13.33 · 52w 12.06–40.05 · market cap $5.02B · NYQ

## Key facts
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $9.9M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.54 on a 1–5 scale) (24 analysts), mean target USD 19.25 (range 13–38.3).
- Total return with dividends: 1Y -64.2% vs S&P 500 +14.9%; 5Y -69.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-17, EPS estimate USD -0.13, revenue estimate $964M.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $9.9M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-26 | Siemiatkowski Sebastian | Chief Executive Officer | 692,506 | $9.9M | 14.37 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.54 on a 1–5 scale), 24 analysts; mean target USD 19.25 (low 13, high 38.3).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | TD Cowen | Target lowered | Hold | $18 → $16 |
| 2026-09-02 | Scotiabank | Initiated | Sector Perform | $16 |
| 2026-08-25 | Wolfe Research | Downgrade | Outperform → Peer Perform |  |
| 2026-08-24 | UBS | Downgrade | Buy → Neutral | $23 → $16 |
| 2026-08-21 | Keefe, Bruyette & Woods | Target lowered | Outperform | $26 → $21 |
| 2026-08-19 | Morgan Stanley | Target lowered | Equal-Weight | $21 → $17 |
| 2026-08-19 | BMO Capital | Target lowered | Market Perform | $19 → $15 |
| 2026-08-19 | TD Cowen | Target lowered | Hold | $19 → $18 |
| 2026-08-19 | Barclays | Target lowered | Equal-Weight | $20 → $16 |
| 2026-08-19 | Wells Fargo | Target lowered | Overweight | $26 → $21 |
| 2026-08-19 | JP Morgan | Downgrade | Overweight → Neutral | $22 → $18 |
| 2026-08-14 | Morgan Stanley | Target raised | Equal-Weight | $18 → $21 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2025-09-08) |
|---|---|---|
| Total return | -64.2% | -69.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -64.4% | -65.0% |
| Volatility (annualized) | 71.4% | 72.6% |
| Max drawdown | -69.1% (Oct 2025→Mar 2026) | -71.5% (Sep 2025→Mar 2026) |

## Peers (Credit Services)
SEZL (Sezzle Inc.) USD 139.3 +2.26% · NNI (Nelnet, Inc.) USD 125.85 +0.26% · ENVA (Enova International, Inc.) USD 176.78 -1.82% · CACC (Credit Acceptance Corporation) USD 558.9 +3.26% · SLM (SLM Corporation) USD 21.76 -4.69% · BFH (Bread Financial Holdings, Inc.) USD 102.45 -5.69%

## More
Full page: https://nexqual.com/KLAR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in KLAR's own 20-F filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/2003292/000200329226000007/klar-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Expedia (EXPE) | "Expedia transactions made by new Klarna customers more than doubled in the United States year over" |
| Partner | OpenAI | "AI assistant in partnership with OpenAI." |
| Partner | Walmart (WMT) | "available at a broader merchant network, including major partners like Walmart." |
| Partner | Apple (AAPL) | "•Partner with digital wallets—seamless integration with Apple Pay and Google Pay." |
| Partner | Alphabet (Google) (GOOGL) | "•Partner with digital wallets—seamless integration with Apple Pay and Google Pay." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.13 | $0.07 | -302.7% | $964.4M | 3 |
| Next quarter (ends 2026-12-31) | $0.10 | $0.13 | -25.3% | $1.12B | 15 |
| Current fiscal year (ends 2026-12-31) | $0.04 | $0.30 | -86.5% | $4.13B | 3 |
| Next fiscal year (ends 2027-12-31) | $0.54 | $0.75 | -28.3% | $4.75B | 18 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-17): ±14.4%; earnings reaction alone ±9.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 46.6% | ±5.7% |
| 2026-11-06 | 14 | 48.3% | ±7.9% |
| 2026-11-13 | 21 | 48.7% | ±9.6% |
| 2026-11-20 | 28 | 64.3% | ±14.4% |
| 2026-11-27 | 35 | 60.2% | ±14.9% |
| 2026-12-04 | 42 | 60.0% | ±16.3% |
| 2026-12-18 | 56 | 57.7% | ±18.0% |
| 2027-01-15 | 84 | 55.7% | ±20.8% |