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Klarna Valuation Multiples
Discover revenue and EBITDA valuation multiples for Klarna and similar public comparables like NOBA Bank, Credit Acceptance, Nelnet, Figure Technology and more.
Klarna Overview
About Klarna
Klarna is the largest pure-play in the buy now, pay later space. The company operates a two-sided network with a payment method at its core, but it is ultimately a lender. Merchants sign up with Klarna to increase turnover in their stores. Primarily, Klarna can provide merchants with higher conversion rates and average order values relative to other payment methods. Some merchants enter a symbiotic relationship with Klarna, advertising its brand on the product page to drive conversion and to benefit from Klarna’s brand value in the merchant’s sales funnel. Customers use Klarna for its ease of use, quick access to credit, zero-interest financing, and lower reminder fees.
Founded
2022
HQ
Employees
3.4K
Website
Financials (LTM)
Market Cap
$5B
Klarna Financials
Klarna reported last 12-month revenue of $4B and EBITDA of $62M.
In the same LTM period, Klarna generated $1B in gross profit, $62M in EBITDA, and had net loss of ($202M).
Revenue (LTM)
Klarna P&L
In the most recent fiscal year, Klarna reported revenue of $4B and EBITDA of ($103M).
Klarna expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 36% | XXX | 35% | XXX | XXX | XXX |
| EBITDA | $62M | XXX | ($103M) | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | (3%) | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | (6%) | XXX | XXX | XXX |
| Net Profit | ($202M) | XXX | ($294M) | XXX | XXX | XXX |
| Net Margin | (5%) | XXX | (8%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Klarna Stock Performance
Klarna has current market cap of $5B.
Market Cap Evolution
Klarna's stock price is $13.26.
| Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|
| $5B | 0.0% | XXX | XXX | XXX | $-0.78 |
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Start Free TrialKlarna Valuation Multiples
Klarna trades at (0.1x) EV/Revenue multiple, and (4.9x) EV/EBITDA.
EV / Revenue (LTM)
Klarna Financial Valuation Multiples
As of April 8, 2026, Klarna has market cap of $5B.
Equity research analysts estimate Klarna's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Klarna has a P/E ratio of (24.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | ($299M) | XXX | ($299M) | XXX | XXX | XXX |
| EV/Revenue | (0.1x) | XXX | (0.1x) | XXX | XXX | XXX |
| EV/EBITDA | (4.9x) | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBIT | (2.3x) | XXX | 1.3x | XXX | XXX | XXX |
| EV/Gross Profit | (0.2x) | XXX | (0.2x) | XXX | XXX | XXX |
| P/E | (24.8x) | XXX | (17.0x) | XXX | XXX | XXX |
| EV/FCF | 2.2x | XXX | — | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Klarna Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Klarna Margins & Growth Rates
Klarna's revenue in the last 12 month grew by 24%.
Klarna's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.4M for the same period.
Klarna Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Growth | 488% | XXX | (251%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 11% | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 13% | XXX | 14% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 42% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Klarna Public Comps
See public comps and valuation multiples for other BNPL and Consumer Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NOBA Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Acceptance | XXX | XXX | XXX | XXX | XXX | XXX |
| Nelnet | XXX | XXX | XXX | XXX | XXX | XXX |
| Figure Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Samsung Card | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Klarna M&A Activity
Klarna acquired XXX companies to date.
Last acquisition by Klarna was on XXXXXXXX, XXXXX. Klarna acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Klarna
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKlarna Investment Activity
Klarna invested in XXX companies to date.
Klarna made its latest investment on XXXXXXXX, XXXXX. Klarna invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Klarna
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Klarna
| When was Klarna founded? | Klarna was founded in 2022. |
| Where is Klarna headquartered? | Klarna is headquartered in Sweden. |
| How many employees does Klarna have? | As of today, Klarna has over 3K employees. |
| Who is the CEO of Klarna? | Klarna's CEO is Sebastian Siemiatkowski. |
| Is Klarna publicly listed? | Yes, Klarna is a public company listed on NYSE. |
| What is the stock symbol of Klarna? | Klarna trades under KLAR ticker. |
| When did Klarna go public? | Klarna went public in 2025. |
| Who are competitors of Klarna? | Klarna main competitors are NOBA Bank, Credit Acceptance, Nelnet, Figure Technology. |
| What is the current market cap of Klarna? | Klarna's current market cap is $5B. |
| What is the current revenue of Klarna? | Klarna's last 12 months revenue is $4B. |
| What is the current revenue growth of Klarna? | Klarna revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Klarna? | Current revenue multiple of Klarna is (0.1x). |
| Is Klarna profitable? | Yes, Klarna is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Klarna? | Klarna's last 12 months EBITDA is $62M. |
| What is Klarna's EBITDA margin? | Klarna's last 12 months EBITDA margin is 2%. |
| What is the current EV/EBITDA multiple of Klarna? | Current EBITDA multiple of Klarna is (4.9x). |
| What is the current FCF of Klarna? | Klarna's last 12 months FCF is ($137M). |
| What is Klarna's FCF margin? | Klarna's last 12 months FCF margin is (4%). |
| What is the current EV/FCF multiple of Klarna? | Current FCF multiple of Klarna is 2.2x. |
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