Affirm Beats Estimates, Klarna Shares Rise

Klarna Group plc shares rose in tandem after buy-now-pay-later peer Affirm Holdings Inc. reported fourth-quarter earnings after Thursday's close.

Affirm Beats Estimates with Strong Growth

Affirm reported quarterly earnings per share of $4.62 and revenue of $11.7 billion, beating the analyst consensus of $11.1 billion and up from $8.764 billion in the same period last year. Gross merchandise volume reached $116 billion, up 35% year-over-year, while total transaction volume grew 45% to 45 million transactions, outpacing overall GMV growth. Affirm reported EPS of $4.62.

"We delivered another outstanding quarter, especially against a backdrop of significant global economic uncertainty," said Max Levchin, CEO of Affirm.

Affirm guided first-quarter revenue to a range of $11.9 billion to $12.2 billion, versus the analyst estimate of $11.6 billion. Affirm shares rose 7.76% to $83.44 in after-hours trading Thursday.

Klarna Recent Stock Performance

Klarna shares fell about 20% on August 18 after the company reported its second-quarter financial results and issued fiscal 2026 guidance that missed expectations. Subsequently, multiple analysts lowered their price targets: Morgan Stanley maintained an equal-weight rating and cut its target to $17; TD Cowen maintained a hold rating and cut its target to $18; Wells Fargo maintained an overweight rating and cut its target to $21.

Insider Buying Continues

Separately, according to a Form 4 filing with the U.S. Securities and Exchange Commission, Klarna disclosed that CEO Sebastian Siemiatkowski purchased 692,506 common shares through an affiliated entity on August 26, valued at approximately $10 million. This purchase further underscores a broad pattern of insider buying at Klarna this year — Chairman Michael Moritz previously bought 3.47 million shares in March for approximately $49.9 million, and Chief Product & Design Officer David Fock purchased 27,000 shares around the same time.

Klarna Shares Move Higher

KLAR price action: As of the time of writing, Klarna shares were up 6.64% at $14.94, according to