Klarna (NASDAQ: KLAR) swings to profit but trims 2026 growth

Rhea-AI Filing Summary

Klarna Group plc (KLAR) reported strong Q2 2026 results with clear operating leverage and a return to profitability. Gross merchandise volume was $36.6 billion (up 18% year over year), while revenue reached $1.042 billion (up 27%). Transaction margin dollars, Klarna’s core profitability metric, rose 42% to $446 million, lifting TMD margin to 42.8% of revenue. Adjusted operating income increased to $91 million from $29 million, and operating income turned positive at $27 million versus a $46 million loss a year ago. Net income improved to $9 million and EPS to $0.01.

Credit performance remained disciplined: provisions for credit losses were 0.52% of GMV, down from 0.56%. Active consumers reached 120 million and merchants 1.208 million, up 8% and 54% respectively, with average revenue per active consumer up 24%. Klarna updated full-year 2026 guidance, lowering GMV to $149–151 billion and revenue to $4.08–4.16 billion, but raising TMD to $1.62–1.65 billion and guiding adjusted operating income to $280–300 million. The company highlighted a capital-light model backed by $11.7 billion of customer deposits and extensive forward-flow and securitization structures.

Positive

• Revenue grew 27% YoY to $1.042 billion, while TMD grew 42% to $446 million, showing improving unit economics and stronger margins than volume growth.
• Profitability improved sharply: adjusted operating income rose to $91 million (8.7% margin), operating income turned positive at $27 million, and net income reached $9 million versus a $53 million loss.
• Guidance for 2026 TMD and adjusted operating income was raised to $1.62–1.65 billion and $280–300 million, indicating higher expected earnings on a somewhat lower volume base.
• Credit metrics strengthened: provisions for credit losses fell to 0.52% of GMV (from 0.56%), with improving delinquency trends and a long-run loss ratio around 0.6% on $0.7 trillion underwritten.
• Network effects are accelerating with 120 million active consumers and 1.208 million merchants, plus high-growth products like Klarna Card (6.5 million users) and Memberships (2 million subscribers, subscription revenue up 600%).

Negative

• Full-year GMV and revenue guidance were cut: GMV reduced from above $155 billion to $149–151 billion, and revenue from above $4.34 billion to $4.08–4.16 billion, mainly due to FX and softer German demand.
• Operating cash flow turned sharply negative in the first half, at $(1.213) billion versus $1.534 billion positive a year earlier, reflecting shifts in receivables, deposits and liquid asset allocation.
• Consumer deposits declined from $13.0 billion to $11.7 billion over six months, reducing one element of Klarna’s low-cost funding base even as other funding sources expanded.
• Contingent liabilities could aggregate $100–200 million across proceedings, including a disclosed preliminary FTC draft complaint relating to the Buyer Protection Policy, introducing potential future financial exposure.

Filing Explained

On June 30, cash was $2,672 million after $1,213 million of operating cash outflow in six months; the FTC matter remained preliminary.

As a Form 6-K, this filing furnishes material interim information from a foreign private issuer. It reports unaudited results and financial statements for the three and six months ended June 30, 2026, and states that certain exhibits are incorporated by reference into Klarna’s Form S-8 registration statement. The added structural disclosure is liquidity: the interim statements show cash-flow use and a lower cash balance alongside the company’s funding arrangements.

At June 30, 2026, cash and cash equivalents were $2,672 million, compared with $3,803 million at December 31, 2025, while operating cash flow for the six months was negative $1,213 million. The balance sheet also reported $11,673 million of consumer deposits and $1,687 million of notes payable and other borrowings. The filing describes forward-flow arrangements as committed purchases of eligible receivables up to stated limits, while the interim balance sheet records the amounts already transferred or funded.

The filing reports that the FTC sent Klarna a draft complaint in August 2026 concerning its Buyer Protection Policy. Klarna describes the matter as being in a preliminary stage and says it is in early discussions about resolution. Across the pending matters described in the filing, possible outcomes could aggregate to $100 million–$200 million; the filing says this is not an estimate for any individual matter.

Key Figures

Q2 2026 GMV: $36.6 billion Q2 2026 Revenue: $1.042 billion Q2 2026 Transaction Margin Dollars: $446 million +5 more

8 metrics

Q2 2026 GMV $36.6 billion Gross merchandise volume for Q2 2026, up 18% year over year

Q2 2026 Revenue $1.042 billion Total revenue for Q2 2026, 27% higher than Q2 2025

Q2 2026 Transaction Margin Dollars $446 million TMD in Q2 2026, up 42% versus $315 million a year earlier

Q2 2026 Net Income $9 million Net profit in Q2 2026 versus a $53 million loss in Q2 2025

Provision for Credit Losses / GMV 0.52% Q2 2026 provisions as a share of GMV, down from 0.56% in Q2 2025

Customer Deposits $11.673 billion Consumer deposits as of June 30, 2026, 88% of total funding

H1 2026 Operating Cash Flow $(1.213) billion Net cash used in operating activities for six months ended June 30, 2026

2026 TMD Guidance $1.62–1.65 billion Full-year 2026 transaction margin dollars guidance, raised from >$1.61 billion

Key Terms

Transaction margin dollars, Fair Financing, forward flow arrangements, synthetic securitization, +1 more

5 terms

Transaction margin dollars financial

"Transaction margin dollars is defined as total revenue less total transaction costs"

Transaction margin dollars measure the absolute dollar amount of profit a company earns from its sales after subtracting the direct costs tied to completing those transactions (like payment fees, shipping, discounts, or processing costs). For investors, this number shows how much each sale actually contributes to the company’s profit—like the cash left in your wallet after paying the bill for a purchase—and helps assess whether growth in sales is translating into real earnings.

Fair Financing financial

"Fair Financing, our point-of-sale installments product, grew 82% year over year"

forward flow arrangements financial

"forward flows, which are committed, pre-priced loan sales in which Klarna retains"

An ongoing contract in which one party agrees to buy batches of newly created financial assets—such as loans, receivables, or securities—from another party over a set period. Think of it like a standing order to purchase whatever inventory a seller produces next, which provides a predictable stream of assets and cash flow and shifts credit and operational exposure between the parties. Investors watch these deals because they affect a firm’s future asset growth, revenue visibility, and risk profile.

synthetic securitization financial

"entered into a synthetic securitization transaction, where it economically transferred"

Additional Tier 1 (AT1) securities financial

"issued $52 million (SEK 500m) of Additional Tier 1 (“AT1”) securities"

Offering Details

IPO/secondary/shelf/ATM

Offering

Offering Type IPO/secondary/shelf/ATM

FAQ

How did Klarna (KLAR) perform financially in Q2 2026?

Klarna delivered Q2 2026 revenue of $1.042 billion, up 27% year over year, and GMV of $36.6 billion, up 18%. Transaction margin dollars rose 42% to $446 million, while adjusted operating income reached $91 million and net income turned positive at $9 million.

What is Klarna’s updated full-year 2026 guidance for GMV, revenue, and profit?

For 2026, Klarna guides GMV of $149–151 billion, revenue of $4.08–4.16 billion, TMD of $1.62–1.65 billion, and adjusted operating income of $280–300 million. This reflects lower expected volume but higher margins versus prior guidance, especially in transaction margin dollars.

How are Klarna’s credit losses and risk metrics trending in Q2 2026?

Credit risk indicators improved, with provisions for credit losses at 0.52% of GMV, down from 0.56% a year earlier. Management reports lower delinquency rates across key products and notes long-term provision levels around 0.6% on over $0.7 trillion underwritten.

What is driving Klarna’s margin improvement and TMD growth?

Margin gains come from higher-yielding products like Fair Financing and Klarna Card, growing subscription revenue, and improved underwriting. Transaction margin dollars grew 42% to $446 million, while transaction costs rose only 17%, pushing TMD margin to 42.8% of revenue.

What funding and capital structure does Klarna (KLAR) report as of June 30, 2026?

Klarna reports $11.7 billion in consumer deposits, representing 88% of funding, plus $1.687 billion of notes and other borrowings. It also holds $2.672 billion in cash and $2.593 billion in debt securities, and uses forward flows and securitizations to support a capital-light model.

Did Klarna disclose any significant legal or regulatory matters in this period?

Klarna disclosed various proceedings that could, in aggregate, result in $100–200 million of potential obligations if they lead to future outflows. This includes an ongoing FTC inquiry and draft complaint regarding its Buyer Protection Policy, which Klarna is discussing with FTC staff.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/18/2026 - 10:38 AM Accepted by SEC EDGAR 08/18/2026 - 10:37 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-42832

Klarna Group plc

(Translation of Registrant’s Name into English)

10 York Road

London SE1 7ND

United Kingdom

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes   o   No  x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes   o   No  x

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On August 18, 2026, Klarna Group plc (the "Company") issued a press release (Exhibit 99.1), an earnings release announcing its financial results for the three and six months ended June 30, 2026 (Exhibit 99.2), an investor presentation (Exhibit 99.3), unaudited interim condensed consolidated financial statements for those periods (Exhibit 99.4), and financial statements & supplementary metrics for those periods (Exhibit 99.5), each of which is furnished herewith.

This report on Form 6-K (other than Exhibits 99.1 and 99.3 hereto), including Exhibits 99.2, 99.4 and 99.5 hereto, shall be deemed to be incorporated by reference into the registration statements on Form S-8 (Registration No. 333-290150) of Klarna Group plc and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBITS

The following exhibits are attached:

Exhibit No.						Description
99.1						Press Release
99.2						Earnings Release
99.3						Investor Presentation
99.4						Unaudited Interim Condensed Consolidated Financial Statements for the three and six-month periods ended June 30, 2026
99.5						Financial Statements & Supplementary Metrics

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			KLARNA GROUP PLC
Date: August 18, 2026			By:			/s/ Niclas Neglen
						Name: Niclas Neglen Title: Chief Financial Officer

Klarna Reports Second Quarter 2026 Results New York, August 18, 2026 — Klarna Group plc [NYSE: KLAR], the everyday finance network, today reported second quarter 2026 results. GMV reached $36.6 billion (+18% YoY), revenue $1.042 billion (+27% YoY), transaction margin dollars $446 million (+42% YoY), and adjusted operating income $91 million (+214% YoY). "Over 120 million consumers now use Klarna, and each is using it for more of their everyday spend — revenue per active consumer grew 24%. That deepening engagement is why transaction margin dollars grew 42%, well ahead of revenue and volume. We measure our progress in transaction margin dollars." Sebastian Siemiatkowski, CEO & Co-Founder, Klarna Klarna’s full earnings release is available at the Quarterly Results section of its website at https://investors.klarna.com/financials/quarterly-results/ Q2 2026 Financial Highlights ●​ GMV: $36.6 billion (+18% YoY; U.S. +27% YoY) ●​ Revenue: $1.042 billion (+27% YoY) ●​ Transaction Margin Dollars: $446 million (+42% YoY) ●​ Adjusted operating income: $91 million (+214% YoY) ●​ Operating income: $27 million versus a loss of $(46) million in Q2 2025 ●​ Net income: $9 million versus a net loss of $(53) million in Q2 2025 ●​ Earnings per share: $0.01 versus loss per share $(0.14) in Q2 2025 ●​ Provisions for credit losses: 0.52% of GMV versus 0.56% of GMV in Q2 2025 ●​ Active consumers: 120 million (+8% YoY) ●​ Merchants: 1.2 million+ (+54% YoY) More consumers using Klarna for more everyday spend More than 120 million consumers used Klarna’s everyday money network in the past 12 months, up 9 million year over year. Those consumers are using Klarna for a greater share of their everyday spend, driving average revenue per active consumer up 24%. That deepening engagement is increasingly anchored in recurring, high-frequency products: Klarna Memberships reached 2 million paying subscribers, eight times a year ago, with subscription revenue up more than 600%, while the Klarna Card reached 6.5 million active users across 16 countries, up from 1.3 million a year ago. Last week Klarna launched new Membership plans built around what consumers value most, cashback and benefits. Merchant numbers grow 54% as distribution deals go live More than 1.2 million merchants are now live, up 54% year over year, as major payment-platform integrations switch on Klarna's flexible payments automatically, with no new integration required. Most recently J.P. Morgan Payments, the largest U.S. merchant

acquirer, processing $2.6 trillion in payments annually, which went live earlier this month, letting every merchant on its platform, from boutiques to big-box, offer the full Klarna suite of pay-in-full, interest-free installments, and longer-term financing. That distribution pulls more merchants to more products, with those offering Fair Financing up 107% year over year to 256,000. Last month, Klarna and Apple announced the Apple Upgrade program, a new device leasing program available on the Apple Store Online, in the Apple Store app, and at Apple Store locations in the U.S.​ Transaction economics continue to improve Transaction margin dollars grew 42% to $446 million and reached 42.8% of revenue, up more than 4.5 percentage points. TMD grew faster than revenue, and revenue faster than GMV. Credit quality improved again as Klarna scales, with provisions low at 0.52% of GMV and US Fair Financing 30+ day delinquencies down 20 basis points quarter-over-quarter. About 90% of funding sits in low-cost consumer deposits, a durable advantage the company continues to extend and diversify through forward flow agreements. Outside the U.S., transaction margin reached 54% of revenue, with mature markets near 60%, showing the U.S. reaching 23% is still early in its trajectory. Outlook Klarna is updating its full-year 2026 guidance: stronger TMD on an adjusted volume and revenue base.​ GMV: $149 billion – $151 billion, from greater than $155 billion, driven by roughly $600 million in currency translation, and a more measured view of primarily German volumes, our largest market by volume, consistent with reported trend across German retail. U.S. assumptions are unchanged; the U.S. remains Klarna's fastest-growing large region.​ ​ Revenue: $4.08 billion – $4.16 billion, reflecting the volume adjustment and, from H2, our new U.S. and German Fair Financing originations are expected to be classified and measured at fair value, shifting income from interest over the loan's life to an upfront gain, and netting related provisions out of transaction costs. That lowers revenue by approximately 10bps of GMV, offset by a similar cost reduction, a positive timing effect of roughly 2bps on transaction margin. Excluding it, the implied take rate is 2.84%–2.85%, up from our May outlook.​ Transaction margin dollars: raised to $1.62 billion – $1.65 billion, approximately 1.09% of GMV against greater than 1.04% previously. Excluding the roughly 2 basis point benefit from the fair value presentation change, transaction margin is approximately 1.07% of GMV; more margin on less volume, driven by favourable mix and continued Card growth. TMD is the indicator Klarna optimizes against, shaping how we build products, price and underwrite. ​ Adjusted operating income: $280 million – $300 million in dollar terms, at 6.9% – 7.2% of

revenue, we are guiding in line to modestly above our May outlook, as we reinvest part of the stronger transaction margin into the second half's launches. This compares with $65 million for all of 2025, more than four times last year, and $159 million already delivered in the first half of 2026. Q3 is Klarna's investment quarter, funding significant PSP launches with marketing landing ahead of the volume it drives: GMV $35 billion – $36 billion, revenue $940 million – $980 million, TMD $340 million – $360 million, adjusted operating income $5 million – $15 million. Full year prior guidance Full year updated (low) Full year updated (high) Q3'26 GMV >$155.0bn $149.0bn $151.0bn $35bn – $36bn Revenue, % of GMV >2.80% 2.74% 2.75% $940m – $980m Revenue, % of GMV (excluding move to fair value) >2.80% 2.84% 2.85% in $ >$4.34bn $4.08bn $4.16bn TMD, % of GMV >1.04% 1.09% 1.09% $340m – $360m in $ >$1.61bn $1.62bn $1.65bn AOI, % of revenue >6.90% 6.90% 7.20% $5m – $15m in $ >$299m $280m $300m Our guidance and outlook are forward-looking statements (see "Forward-looking statements" for important information). NOTES Non-IFRS Measures and Reconciliations Transaction margin dollars and adjusted operating income are non-IFRS measures used by our management to measure our ability to attain efficiency and scale. Transaction margin dollars is defined as total revenue less total transaction costs, consisting of processing and servicing, provision for credit losses and funding costs. Please refer to the accompanying earnings release for more information. We do not attempt to provide reconciliations of forward-looking Transaction margin dollars or adjusted operating income to the comparable IFRS measure because the impact and timing of potential charges or gains excluded from the calculation of our Transaction margin dollars are inherently uncertain and difficult to predict and are unavailable without unreasonable efforts. In addition, we believe such reconciliations would imply a degree of precision and certainty that could be confusing to investors. Such items could have a material impact on our financial performance. Q2 2026 Supplemental Information

Reconciliation of Operating income (loss) to Transaction margin dollars (TMD) Amounts in USD millions Q2'26 Q2'25 Operating income (loss) 27 (46) Technology and product development 130 120 Sales and marketing costs 128 93 Customer service and operations 58 51 General and administrative 91 65 Depreciation, amortization (excl. software) and impairments 12 32 Transaction margin dollars 446 315 Reconciliation of Adjusted operating income to Operating income (loss) Amounts in USD millions Q2'26 Q2'25 Adjusted operating income 91 29 - Depreciation, amortization and impairments (23) (27) - Share based payments (38) (26) - Restructuring and other (4) (21) Operating income (loss) 27 (46) Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives and market opportunities. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks. About Klarna

Klarna is a global digital bank and flexible payments provider. With over 120 million global active Klarna users and 3.8 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. Over 1.2 million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Apple, Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.

Second Quarter 2026 Results 1 Klarna Q2’26 Earnings Release

Second Quarter 2026 Results 1,208k Merchants ↑54% Q2’26 YoY 120m Active Klarna consumers ↑8% Q2’26 YoY $36.6b GMV ↑18% Q2’26 YoY (↑15% LfL) $1,042m Total revenue ↑27% Q2’26 YoY (↑25% LfL) $446m Transaction margin dollars ↑42% Q2’26 YoY (↑39% LfL) $91m Adjusted operating income ↑$62m Q2’26 YoY $27m Operating profit ↑$73m Q2’26 YoY $9m Net income ↑$62m Q2’26 YoY Transaction margin dollars, Adjusted operating income and like-for-like growth are non-IFRS measures. See "Non-IFRS measures and reconciliations" for more information. 2 Klarna Q2’26 Earnings Release

Key Highlights This was a strong quarter. We delivered on our guidance and demonstrated the earnings strength of the business. Volume grew 18%, revenue grew 27%, and transaction margin dollars grew 42%. Each grew faster than the last. Operating costs grew 16%, well below all three, and that gap is the operating leverage we have been building toward. Adjusted operating income reached $91 million, up $62 million year over year, and net income was positive at $9 million. We measure our progress in transaction margin dollars and we expect to deliver around 30% growth in Transaction margin dollars (TMD) this year, well ahead of revenue growth. They are what we optimize for, and they shape how we build products, how we price, and how we underwrite. Because operating costs grow far slower, that growth is what turns into earnings per share over time. Klarna is spend-centric, not lend-centric. Pay in Full serves everyday spend. Pay Later, our charge-card equivalent, serves medium-sized purchases on short repayment terms. Point-of-sale installments, or Fair Financing, which serves large-ticket purchases, grew 82% year over year and continues to gain share, particularly in the U.S., where we won marquee partners including Bolt, Ulta Beauty and Southwest Airlines. Last month, Klarna and Apple announced the Apple Upgrade program, a new device leasing program available on the Apple Store Online, in the Apple Store app, and at Apple Store locations in the U.S. Consumers apply at Apple and then pay and manage within the Klarna app, creating a direct relationship with new US consumers that supports Klarna’s ability to grow engagement, ARPAC, and profitability. Alongside those three products, engagement deepens. ARPAC reached $33.7, up 24%. Klarna Memberships reached 2 million paying subscribers, eight times more than a year ago, with subscription revenue up more than 600%. The Klarna Card reached 6.5 million active users across 16 countries, up from 1.3 million a year ago; on our first earnings call in November that number was 3.2 million, so it has more than doubled in nine months. Last week we launched new plans built on what consumers actually want: cashback and benefits. Subscription revenue is high margin and recurring: it is earned on the membership rather than on each transaction, so it does not track volume the way our payments revenue does. It grows TMD directly, and is part of why transaction margin dollars outpace volume. The network keeps widening. Over 1.2 million merchants are now live, up 54%, underpinned by continued ramp of our PSP partnerships. J.P. Morgan Payments went live on August 6. It is the largest U.S. merchant acquirer, processing $2.6 trillion of payments a year, and every merchant on its platform, from boutiques to big-box, can now offer the full Klarna suite through their existing setup, with no new integration. In addition to Stripe and Nexi who are live and ramping, we have five PSPs enabling Klarna as a default-on option across payment networks totaling over $9.5 trillion of volumes. PSPs bring merchants and merchants bring consumer surfaces. We win when a merchant offers a choice at checkout and we take the largest share of it and that is what drives profitable growth. We are also moving with where consumers search. Klarna's flexible payments are coming to Google Search and the Gemini app within Google Pay, and our AI-powered Shopping Search app is live in ChatGPT, putting our dataset of over 100 million products, and our payments, inside the world's largest AI surfaces. Traffic from AI platforms to retailers grew sharply last holiday season and converts at higher rates. We enter the second half with real momentum. Our payment-platform partnerships are scaling ahead of the holiday season, our new device-upgrade program is ramping, and each new merchant and consumer turns the same flywheel: a wider network, deeper engagement, and better economics on every transaction. 3 Klarna Q2’26 Earnings Release

Financial highlights The business executed well and we delivered against our guidance, with gross merchandise volume (GMV) up 18%, revenue up 27% and transaction margin dollars up 42% alongside improved profitability and controlled risk. Klarna consumers show continued health, with sequential improvements in delinquency trends across all key markets. As expected, Fair Financing is becoming more profitable as earlier loans mature and our underwriting improves with scale, and that is increasingly showing up in TMD. Spend-centric model Klarna's model is advantaged by its construct: a dual-sided, spend-centric network that delivers value to both consumers and merchants. Distribution at the point of purchase translates directly into low-cost consumer acquisition, and scale on each side of the network reinforces the other. We now partner with over 1.2 million merchants, up 54% year over year, who benefit from higher conversion, larger baskets and improved retention. Active consumers reached 120 million in Q2, up 9 million year over year. Engagement continues to deepen. Average revenue per active consumer (ARPAC) increased 24% year over year, supported by Klarna Card and Fair Financing adoption driving interest and membership revenues. Klarna Memberships reached 2 million paying subscribers, eight times a year ago, with subscription revenue growing over 600%. This is high-margin, recurring revenue earned on the membership rather than on individual transactions, so it is less correlated with volume than our payments revenue and grows transaction margin dollars directly. Our recent U.S. bank charter application is about accelerating that same engagement and product breadth in our largest market, letting us serve the 30 million U.S. consumers already in our network across their everyday spending, saving and payments, with better quality and a lower cost to serve. 4 Klarna Q2’26 Earnings Release 18% 27% 42% Year-over-year growth GMV Revenue TMD 111m 120m Active consumers Q2'25 Q2'26 786k 1,208k Merchants Q2'25 Q2'26 +9m YoY +422k YoY

Strong GMV Growth in Q2 2026 Total GMV was $36.6 billion, up 18% year over year, and 15% on a like-for-like basis, reflecting the lapping of the Q2'25 Fair Financing launch and less of an FX tailwind than the first quarter. Growth was broad-based: we delivered growth in every geography. In the U.S., GMV increased 27% to $7.9 billion, our fastest-growing large region, taking U.S. share of GMV up 2 percentage points year over year to 22%. During the quarter some markets, most notably Germany, grew at a more measured pace, while performance across our most mature Nordic markets accelerated. In Sweden, launching Fair Financing alongside the Klarna Card supported high-teens GMV growth in the quarter, showing how product breadth reinforces itself in our most mature markets. Growth is driven by higher engagement: more consumers using Klarna more frequently across a broader range of categories. Events & Services reached 14% of GMV, from 9% in Q2'25, while Home and Electronics increased to 20%, from 18%. Apparel and accessories' share fell to 34%, from 41%, as the network diversifies. By product, Fair Financing, our point-of-sale installments product, grew 82% year over year to $4.7 billion and represents 13% of GMV, with continued merchant and market rollout. Pay Later, our charge-card equivalent, grew 13% and accounts for 77% of total GMV. Pay in Full, our everyday spending product, contributed $3.6 billion, representing 10% of the mix. This reflects our positioning as a payments network first, rather than a lender building a network, an important structural advantage. Our merchant network continues to expand, supported by deeper distribution through leading PSP platforms. We added 133,000 merchants quarter over quarter, and adoption of our products is increasing: the number of merchants offering Fair Financing increased to 256,000, or 21% of merchants, up from 225,000 last quarter and 124,000 in Q2'25, when it was 16% of merchants. We are live and ramping as an automatically enabled partner with J.P. Morgan Payments, Stripe and Nexi, with Adyen, Fiserv's Clover, Worldline and Worldpay (now Global Payments) expected to follow ahead of peak season. 5 Klarna Q2’26 Earnings Release GMV Growth YoY $31.2b $36.6b Q2'25 Q2'26 18% YoY

Revenue growth of 27% in Q2 2026 Revenue grew 27% year over year (25% like-for-like) to $1,042 million, outpacing GMV as our mix continued to shift toward higher-yielding products. In the U.S., revenue increased 37% to $376 million, ahead of U.S. volume growth of 27%, reflecting the contribution of interest income and gain on sale from originations in prior quarters where Fair Financing is most established. Fair Financing remains the primary driver, supported by both new originations and prior-period volumes as interest income accrues over the life of the loan. Interest income reached $266 million, up 21% (19% like-for-like). We also recognized a $69 million gain on sale, driven by the U.S. forward flows and back-book sales in Europe, related to our existing U.S. forward flow arrangement and our newly launched facility in Germany. Transaction and service revenue grew 17% year over year (15% like-for-like) to $707 million, broadly tracking volume, with continued growth in membership fees. Transaction Margin Dollars up 42% in Q2 2026 The health of our business is best reflected in transaction margin dollars, which capture the transaction-level economics of how the business is growing. TMD reached $446 million, up 42% (39% like-for-like), and our TMD margin of 42.8% of revenue is up approximately 4.5 percentage points year over year. As a percentage of GMV it was 1.22%, and 1.14% adjusting for the one-off sale. The important point is the order: transaction margin dollars grew faster than revenue, and revenue faster than volume. We are converting each dollar we process into more margin than we did a year ago, which is why transaction margin dollars can grow while we take a more measured view of volume. In the U.S., TMD was $88 million, up 126% year over year, more than three times the pace of U.S. revenue growth of 37%. That takes the U.S. margin from 14% of revenue a year ago to 23% this quarter, 9 percentage points in twelve months. Across our markets outside the U.S., TMD reached $358 million, up 30%, at a 54% margin, up 4 percentage points year over year, and sequentially higher than the first quarter as we executed a back-book sale alongside the launch of our German forward flow during the quarter. Our most established markets run at approximately 60%. Transaction costs were $596 million, up 17% year over year (16% like-for-like), well below revenue growth, reflecting improved underwriting and the scaling of our offloading programs. Processing and servicing costs were $233 million, or 0.64% of GMV, down from 0.79% in Q1, which carried higher settlement costs from servicing our Q4 peak originations. Provisions for credit losses were $192 million, growing slower than volume, so provisions declined quarter over quarter to 0.52% of GMV, reflecting continued underwriting improvement, growing forward-flow arrangements, the continued maturation of the Fair Financing book, and the increasing share of off-balance sheet receivables. Funding costs were $171 million, broadly flat sequentially at 0.47% of GMV. 6 Klarna Q2’26 Earnings Release Transaction Margin Dollars $315m $280m $372m $389m $446m $39m $17m $64m $106m $88m $276m $263m $308m $283m $358m 38% 31% 34% 38% 43% US Global Ex-US TMD (Margin) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26

Credit metrics remain controlled while consumer engagement grows Delinquency rates continue to trend down as our underwriting models mature. Comparing each vintage at the same point in its life, Fair Financing delinquencies 30+ days past due fell approximately 20 basis points quarter over quarter, and Pay Later improved approximately 30 basis points on the same measure, in line with the same period last year. Our global ex-U.S. book improved on the same basis, with recent cohorts down both quarter over quarter and year over year. The details of this can be found in our supplementary data pack. Charge-offs1 remain within expected ranges. Supplementary materials including further credit performance data can be found on our investor relations website. Our model is built on high-frequency, short-duration lending, with the book turning around 10 times per year, an average consumer balance of $124 and an average duration of ~40 days. We underwrite every transaction individually, starting with small balances and scaling exposure only as we build confidence. Where we have taken a more measured view of volume, that is a conscious choice to hold our underwriting standards and stay within our credit box; we would rather protect our risk-adjusted returns than chase marginal volume. Combined with high repeat usage, this creates a continuously improving data set that lets us refine risk decisions in real time. Since inception, Klarna has underwritten over $0.7 trillion, with provision for credit losses of around 0.6%, well below industry benchmarks, and improving over time. 7 Klarna Q2’26 Earnings Release 1 Cohort cumulative net charge-off curves may include non-representative items that do not reflect underlying credit performance. Where such items are material and impact cross-cohort comparability, we may adjust the curves and disclose such adjustments. The Q2 2025 U.S. Fair Financing cohort carries modestly higher cumulative net charge-offs, reflecting the Klarna Card and 3-month loan tenor ramp and subsequent model recalibration; later 2025 cohorts are normalizing and charge-offs remain within our expected 3–4% range. Quarter of origination US Fair Financing 60+ days past due delinquency rates 2024 2025 Q1 Q2 Q3 Q4 0.0% 1.0% 2.0% 3.0% 4.0% Quarter of origination US Fair Financing 30+ days past due delinquency rates 2024 2025 2026 Q1 Q2 Q3 Q4 0.0% 1.0% 2.0% 3.0% 4.0% Months since origination U.S. Fair Financing charge-offs¹ Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 6 8 10 12 14 16 18 20 0.0% 1.0% 2.0% 3.0% 4.0% 5.0%

Our Capital light approach As a bank, Klarna benefits from a scalable funding base that supports continued growth. As of June 30, 2026, we had $11.7 billion of customer deposits, representing 88% of our funding, providing a stable and flexible source of funding. Our model is inherently capital-efficient, and the short duration of our products keeps receivables low relative to annual volumes. Our credit book is attractive to external investors, and forward flows, which are committed, pre-priced loan sales in which Klarna retains the vast majority of the economics, allows us to drive better returns on equity and accelerate growth through more efficient capital recycling. This reduces capital intensity, transfers credit exposure and accelerates revenue recognition, while expanding our capacity to support further growth. Operating leverage continues as revenue outpaces costs Our IFRS non-transaction-related operating expenses were $419 million, up 16% year over year, as we invested ahead of peak season and ramped marketing around the World Cup in the U.S., supported by AI-enabled productivity gains and continued cost discipline. That gap, 42% TMD growth against 16% operating expense growth, is the operating leverage we have been building toward. Since 2023 roughly 56 cents of every additional transaction margin dollar reaches the adjusted operating income line. That drop-through is visible in the result. Adjusted operating income reached $91 million in Q2'26, up $62 million year over year, at a margin of 8.7%. On a reported basis, operating income turned positive at $27 million, an improvement of $73 million and representing 2.6% of revenue. Net income improved to $9 million, compared with a $53 million loss in Q2'25, and EPS increased from negative $0.14 to positive $0.01. 8 Klarna Q2’26 Earnings Release $534m $682m $823m $1,042m $262m $263m $286m $355m Total revenue Adjusted operating expenses Q2'23 Q2'24 Q2'25 Q2'26 $29 $(15) $47 $68 $91 3.5% (1.7)% 4.3% 6.7% 8.7% Adjusted operating income (loss) Adj operating margin Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 $(53) $(95) $(26) $1 $9 (6.4)% (10.5)% (2.4)% 0.1% 0.9% Net income (loss) Net income margin Q2'25 Q3'25 Q4'25 Q1'26 Q2'26

Financial outlook Full year prior guidance Full year updated (low) Full year updated (high) Q3'26 GMV >$155.0b $149.0b $151.0b $35b – $36b Revenue, % of GMV >2.80% 2.74% 2.75% Revenue, % of GMV (excluding move to fair value) >2.80% 2.84% 2.85% in $ >$4.34b $4.08b $4.16b $940m – $980m TMD, % of GMV >1.04% 1.09% 1.09% $340m – $360m in $ >$1.61bn $1.62bn $1.65bn AOI, % of revenue >6.90% 6.9% 7.2% $5m – $15m in $ >$299m $280m $300m Our revised full-year transaction margin dollar guidance is $1.62–1.65 billion, approximately 5 basis points higher than our May guidance, on a lower volume base. Approximately 2 basis points of the improvement reflects the fair value accounting change described below; excluding it, transaction margin is approximately 1.07% of GMV, still ahead of the 1.04% we previously guided. The rest comes from our better economics. Excluding the presentation change, stronger unit economics are expected to contribute between 40 and 50 million dollars of TMD for the year, on a moderated volume outlook. Full-year GMV is revised to $149–151 billion, approximately 17% growth, from above $155 billion previously. Two factors drive the revision: • First, on FX approximately $600 million of the revision reflects currency movement since our previous guidance, affecting European volumes as well as other markets including the UK. • Second, we have taken a more measured view of European volumes in the second half, particularly in Germany, our largest market by volume, and pronounced in certain discretionary retail categories. German retail sales grew less than 1% in real terms in the first half, consistent with conditions reported across the German retail sector this season. Our guidance assumes Germany stays soft through the second half rather than recovering. U.S. volume expectations are unchanged, and the U.S. remains our fastest-growing large region, with growth expected to be strong in the second half as we scale a number of significant PSP integrations and enter our first peak season with marquee merchants. Full-year revenue of $4.08–4.16 billion, against above $4.34 billion previously, represents a reported take rate of 2.74–2.75% of GMV. Approximately 10 basis points of GMV of that change comes from the presentation change described below, with the remainder following the volume. Excluding the presentation change, the implied take rate is 2.84–2.85%, up versus the 2.80% we previously guided, so on a comparable basis we are earning more revenue on every dollar we process. Full-year adjusted operating income is expected to be $280–300 million, at 6.9–7.2% of revenue, more than four times the $65 million delivered in the whole of 2025, and against $159 million already delivered in the first half of 2026. For the third quarter, we are guiding to GMV of $35–36 billion, revenue of $940–980 million, transaction margin dollars of $340–360 million, and adjusted operating income of $5–15 million. The third quarter is deliberately our investment quarter, funding the largest set of launches in our history, with marketing landing ahead of the volume it drives. It will also carry the highest level of share-based payments in 2026, reflecting the vesting and grants from our annual compensation review. 9 Klarna Q2’26 Earnings Release

The fourth quarter is where we expect that investment to show. With our PSP integrations and large signed merchants live ahead of peak, we expect the fourth quarter to be our strongest transaction margin quarter of the year, with strong drop-through to adjusted operating income. Assumptions embedded within the outlook1 Impact of Fair Value accounting presentation adjustment From the second half of 2026, we expect our US and German Fair Financing to be held at fair value through P&L. That shifts substantially all new originations for these products and regions from booking provisions upfront to fair value through P&L, with fair value recognized in the gain on sale line at origination, in line with IFRS 9. The effect is presentational: reported revenue and transaction costs each reduce by approximately 10 basis points of GMV, which is why the reported take rate steps down to 2.74–2.75% while the comparable take rate rises to 2.84–2.85%. Because more of the economics is recognized earlier, there is a small timing benefit, equivalent to an expected approximately 2 basis point positive impact to FY 2026 transaction margin as a share of GMV. This change applies prospectively to new originations from H2 2026; prior periods are not restated, and loans already on our balance sheet continue to recognize interest income and provisions as previously. A video explaining this concept is available on our investor relations website. Product mix Fair Financing, Card and continued network expansion remain the primary growth drivers. Default-on partnerships PSP partners expand our addressable market. In H2 a number of our PSP partnerships, including J.P. Morgan Payments, Adyen, Worldline, Worldpay (now Global Payments) and Fiserv's Clover, are expected to be going live. Gain on sale Offloading is central to our asset-light strategy, and we expect this second half to be marginally higher. Provisions As a result of the fair value shift, our financing book will carry lower provisions as a percentage of GMV in Q3 and Q4. Underlying delinquency trends and consumer credit health remain stable. Interest rates The outlook assumes benchmark rates in line with current forward curves. FX Guidance assumes the following USD FX rates: EUR 1.142, SEK 0.103, GBP 1.337. 10 Klarna Q2’26 Earnings Release 1 Any guidance represents forward-looking statements and is subject to inherent uncertainty and risks. See “Forward-looking statements” in this release and “Risk Factors” in our annual report on Form 20-F. We do not attempt to provide reconciliations of forward-looking Transaction margin dollars to the comparable IFRS measure because the impact and timing of potential charges or gains excluded from the calculation of our Transaction margin dollars are inherently uncertain and difficult to predict and are unavailable without unreasonable efforts. Such items could have a material impact on our financial performance. The financial outlook is only effective as of the date given and will not be updated or affirmed unless and until we publicly announce updated or affirmed guidance. Distribution or reference of this earnings release following the date hereof does not constitute Klarna re-affirming guidance.

Conference call Klarna will host a conference call and webcast to discuss its second quarter 2026 financial results on August 18, 2026, at 8:30 am ET. Participating on the call will be: • Sebastian Siemiatkowski, Chief Executive Officer, and • Niclas Neglen, Chief Financial Officer. The conference call will be webcast live on Klarna’s investor relations website at investors.klarna.com. A replay will be available on the same website following the call. 11 Klarna Q2’26 Earnings Release

Compounding growth Amounts in USD millions Q2'26 Q2'25 YoY GMV, of which: 36,648 31,182 18% Fair Financing 4,691 2,577 82% Transaction and service revenue 707 604 17% Gain on sale of consumer receivables 69 — n.m Interest income 266 219 21% Total revenue 1,042 823 27% Processing and servicing costs (233) (187) 25% Provision for credit losses (192) (174) 11% Funding costs, of which: (171) (147) 16% Interest costs on funding (125) (124) 1% Fair value adjustment on loans sold and held for sale (46) (23) 100% Transaction costs (596) (508) 17% Transaction margin dollars 446 315 42% Technology and product development (111) (93) 20% Sales and marketing (111) (83) 33% Customer service and operations (57) (48) 18% General and administrative (76) (62) 23% Adjusted operating expenses (355) (286) 24% Adjusted operating income 91 29 ↑$62 - Depreciation, amortization and impairments (23) (27) (16)% - Share based payments (38) (26) 45% - Restructuring and other (4) (21) (81)% Operating profit (loss) 27 (46) ↑$73 Other income (expense) — — n.m Profit (Loss) before income tax 27 (46) ↑$73 Income tax (18) (7) 151% Net income (loss) 9 (53) ↑$62 Key Metrics Q2'26 Q2'25 YoY Active consumers (m) 120 111 8% Merchants (k) 1,208 786 54% Average revenue per active consumer ($) 33.7 27.2 24% Revenue take rate 2.84% 2.64% 20 bps Provision for credit losses (% of GMV) 0.52% 0.56% (4) bps *Unlike the balance sheet, which shows a snapshot of assets and liabilities as at each period end, Provision for credit losses in the income statement reflect provisions for potential future losses and realized losses associated with lending activities during the period. 12 Klarna Q2’26 Earnings Release

Definitions Like-for-like (LfL) growth Year-over-year change on a like-for-like basis is calculated by adjusting the relevant metric for the impact of foreign currency fluctuations. The impact of foreign currency fluctuations is calculated by translating the reported amounts in the current period using the exchange rates in use during the comparative prior period. Prior to Q1 2026, like-for-like growth also adjusted for the divestiture of Klarna Checkout (KCO), completed in October 2024. As Q1 2025 is the first comparative period in which KCO is fully lapped, no KCO adjustment is required from Q1 2026 onwards. Active Klarna consumers Consumers who have made a purchase or a payment using a Klarna-branded product or logged into the Klarna app within the past 12 months, calculated as of the end of that 12-month period. New merchants Refers to the net new number of merchants onboarded year-over-year. Merchants means the businesses that offer their goods and services to consumers on our network. The number of merchants presented refers to the number of unique combinations of brands (e.g., H&M) available on our network and the markets where such brands are available (e.g., Sweden). Gross merchandise volume (GMV) The total monetary value of all completed purchases on our network in that period, excluding any additional fees and any subsequent actions (such as returns, settlements and disputes). Take rate Total revenue as a percentage of GMV. Average revenue per active consumer (ARPAC) Our total revenue for the trailing twelve months, divided by the number of active Klarna consumers over that period. Transaction margin dollars (TMD) Transaction margin dollars is total revenue less total transaction costs, which consist of processing and servicing costs, provision for credit losses and funding costs. Provision for credit losses (% of GMV) Provision for credit losses divided by GMV. Adjusted operating income (loss) Adjusted operating income (loss) is defined as operating profit (loss) excluding (i) depreciation, amortization and impairments, (ii) share-based payments expense, (iii) restructuring costs and expenses related to preparation for an initial public offering. IFRS non-transaction-related operating expenses IFRS non-transaction-related operating expenses is defined as IFRS operating expenses excluding processing and servicing costs, provision for credit losses and funding costs. 13 Klarna Q2’26 Earnings Release

Non-IFRS measures and reconciliations We use certain non-IFRS financial measures to supplement our consolidated financial statements, which are presented in accordance with IFRS. These non-IFRS financial measures include Transaction margin dollars, Transaction margin, Adjusted operating income (loss), Adjusted operating expenses and Adjusted operating margin. We use these non-IFRS financial measures to facilitate the review of our operational performance and as a basis for strategic planning. We also present period-over-period changes in certain metrics on like-for-like (LfL) basis, which is calculated by adjusting the metric for the impact of foreign currency fluctuations. The impact of foreign currency fluctuations is calculated by translating the reported amounts in the current period using the exchange rates in use during the comparative prior period. Transaction margin dollars and Transaction margin are key performance measures used by our management to measure our ability to attain efficiency and scale and to grow these metrics over time. They measure our success in growing revenue while effectively managing our processing and servicing costs, provision for credit losses and funding costs. In addition, by excluding certain items that are nonrecurring or not reflective of the performance of our normal course of business, we believe that Adjusted operating expenses, Adjusted operating income (loss) and Adjusted operating margin provide meaningful supplemental information regarding our performance. Accordingly, we believe that these non-IFRS financial measures are useful to investors and others because they allow investors to supplement their understanding of our financial trends and evaluate our ongoing and future performance in the same manner as management. However, there are several limitations related to the use of non-IFRS financial measures as they reflect the exercise of judgment by our management about which expenses are excluded or included in determining these non-IFRS measures. These non-IFRS measures should be considered in addition to, not as a substitute for or in isolation from, our financial results prepared in accordance with IFRS. Other companies, including companies in our industry, may calculate these non-IFRS (or similar non-GAAP) financial measures differently or not at all, which reduces their usefulness as comparative measures. Transaction margin dollars is defined as total revenue less total transaction costs, consisting of processing and servicing, provision for credit losses and funding costs. Transaction margin is calculated by dividing Transaction margin dollars by our total revenue. Adjusted operating income (loss) is defined as operating profit (loss) excluding (i) depreciation, amortization and impairments, (ii) share-based payments expense, (iii) restructuring costs and expenses related to preparation for an initial public offering. Adjusted operating expenses are defined as operating expenses excluding (i) depreciation, amortization and impairments, (ii) share-based payments expense and (iii) restructuring costs and expenses related to preparation for an initial public offering. Adjusted operating margin is defined as Adjusted operating income (loss) divided by our total revenue. Depreciation, amortization and impairments below include amounts recorded within Technology and product development expenses in our consolidated statements of profit and loss. We consider the exclusion of certain nonrecurring or noncash items in calculating Adjusted operating income (loss), Adjusted operating margin and Adjusted non-transaction-related operating expenses to provide a useful measure for investors and others to evaluate our operating results and expenses in the same manner as management. 14 Klarna Q2’26 Earnings Release

Forward-looking statements This earnings release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives, market opportunities, expected timing of becoming live with PSPs and other partners, utilization of our forward-flow and similar arrangements and other operational plans. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate" and similar expressions identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied, including risks related to: • Our ability to retain and grow consumer and merchant relationships; • Competition and technological developments; • Regulatory compliance and licensing requirements; • Credit risk management and funding availability; • General economic conditions and market volatility; and • Our ability to expand into new markets and products. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks. 15 Klarna Q2’26 Earnings Release

Financials and Key Metrics adjusted for foreign currency exchange fluctuations Statement of profit or loss Like-for-like1 Amounts in USD millions Q2'26 Q2'25 Q2'26 Q2'25 GMV, of which: 36,648 31,182 35,911 31,182 Fair Financing 4,691 2,577 — Transaction and service revenue 707 604 697 604 Gain on sale of consumer receivables 69 — 68 — Interest income 266 219 260 219 Total revenue 1,042 823 1,025 823 Processing and servicing costs (233) (187) (230) (187) Provision for credit losses (192) (174) (189) (174) Funding costs, of which: (171) (147) (167) (147) Interest costs on funding (125) (124) Fair value adjustment on loans sold and held for sale (46) (23) Transaction costs (596) (508) (587) (508) Transaction margin dollars 446 315 438 315 Technology and product development (111) (93) (109) (93) Sales and marketing (111) (83) (109) (83) Customer service and operations (57) (48) (55) (48) General and administrative (76) (62) (75) (62) Adjusted operating expenses (355) (286) (348) (286) Adjusted operating income 91 29 90 29 - Depreciation, amortization and impairments (23) (27) - Share based payments (38) (26) - Restructuring and other (4) (21) Operating profit (loss) 27 (46) Other income (expense) — — Profit (Loss) before income tax 27 (46) Income tax (18) (7) Net income (loss) 9 (53) Key Metrics Q2'26 Q2'25 Q2'26 Q2'25 Active consumers (m) 120 111 120 111 Merchants (k) 1,208 786 1,208 786 Average revenue per active consumer ($) 33.7 27.2 30.6 27.2 Revenue take rate 2.84% 2.64% 2.86% 2.64% Provision for credit losses (% of GMV) 0.52% 0.56% 0.53% 0.56% As a global business, foreign currency exchange (FX) fluctuations can impact our results. To better reflect underlying trends, we present like-for-like figures that exclude the impact from FX effects. In Q2'26, total revenue grew 27%. 2 percentage points of this growth were driven by changes in FX rates, which equates to 25% like-for-like growth. Adjusted operating expenses on the other hand grew by 24% at the headline level, but only 22% on a like-for-like basis, with 2 percentage points of the increase in Q2'26 due to FX. 16 Klarna Q2’26 Earnings Release 1 Like-for-like (LfL) year-over-year growth is calculated by adjusting for the impact of foreign currency fluctuations. The impact of foreign currency fluctuations is calculated by translating the reported amounts in the current period using the exchange rates in use during the comparative prior period.

Reconciliation of Operating profit (loss) to Transaction margin dollars (TMD)¹ As reported Amounts in USD millions Q2'26 Q2'25 Operating profit (loss) $27 $(46) Technology and product development 130 120 Sales and marketing costs 128 93 Customer service and operations 58 51 General and administrative 91 65 Depreciation, amortization (excl. software) and impairments 12 32 Transaction margin dollars 446 315 Reconciliation of Operating expenses to Adjusted operating expenses1 Q2'26 Operating expenses Restructuring and other Share-based payments Depreciation and amortization Adjusted operating expenses Technology and product development $130 — $(4) $(14) $111 Sales and marketing costs 128 — (18) — 111 Customer service and operations 58 — (1) — 57 General and administrative 91 — (14) — 76 Depreciation, amortization (excl. software) and impairments 12 (4) — (8) — Total 419 (4) (38) (23) 355 Q2'25 Operating expenses Restructuring and other Share-based payments Depreciation and amortization Adjusted operating expenses Technology and product development $120 — $(8) $(19) $93 Sales and marketing costs 93 — (10) — 83 Customer service and operations 51 — (3) — 48 General and administrative 65 2 (5) — 62 Depreciation, amortization (excl. software) and impairments 32 (24) — (9) — Total 361 (21) (26) (28) 286 17 Klarna Q2’26 Earnings Release 1 Rounding effects may be present in this table.

Interim condensed consolidated statement of profit or loss (Unaudited) Three Months Ended Six Months Ended USD millions, except per share amounts June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Transaction and service revenue ....................... 707 604 1,378 1,123 Gain on sale of consumer receivables ............... 69 — 126 — Interest income ....................................................... 266 219 550 401 Total revenue .......................................................... 1,042 823 2,054 1,524 Processing and servicing costs ........................... (233) (187) (499) (351) Provision for credit losses .................................... (192) (174) (378) (310) Funding costs .......................................................... (171) (147) (342) (277) Technology and product development ............. (130) (120) (259) (235) Sales and marketing .............................................. (128) (93) (233) (184) Customer service and operations ...................... (58) (51) (112) (102) General and administrative .................................. (91) (65) (171) (159) Depreciation, amortization and impairments ... (12) (32) (15) (42) Operating expenses ................................................ (1,015) (869) (2,010) (1,660) Operating profit (loss) ............................................. 27 (46) 44 (136) Other income (expense) ....................................... — — (2) (2) Profit (loss) before taxes ....................................... 27 (46) 42 (138) Tax (expense) benefit ............................................ (18) (7) (32) (14) Net profit (loss) ....................................................... 9 (53) 10 (152) Whereof attributable to: Shareholders of Klarna Group plc ...................... 4 (52) (1) (153) Non-controlling interests ...................................... 5 (1) 11 1 Total .......................................................................... 9 (53) 10 (152) Net profit (loss) per share attributable to shareholders of Klarna Group plc Basic .......................................................................... $ 0.01 $ (0.14) $ 0.00 $ (0.42) Diluted $ 0.01 $ (0.14) $ 0.00 $ (0.42) 18 Klarna Q2’26 Earnings Release

Interim condensed consolidated statement of financial position (Unaudited) USD millions June 30, 2026 December 31, 2025 Assets Cash and cash equivalents .............................................................................. 2,672 3,803 Debt securities ................................................................................................... 2,593 1,518 Consumer receivables at amortized cost .................................................... 8,831 10,459 Consumer receivables at fair value through OCI ........................................ 718 386 Consumer receivables at fair value through profit or loss 204 400 Other financial assets at amortized cost ..................................................... 526 — Settlement, trade and other receivables ..................................................... 544 580 Property and equipment .................................................................................. 34 60 Goodwill ............................................................................................................... 664 685 Intangible assets ................................................................................................ 345 383 Deferred tax assets ........................................................................................... 25 36 Other assets ........................................................................................................ 610 487 Total assets 17,766 18,797 Liabilities Accounts payable and accrued expenses ................................................... 546 655 Consumer deposits ........................................................................................... 11,673 13,003 Payables to merchants ..................................................................................... 934 736 Notes payable and other borrowings ............................................................ 1,687 1,359 Deferred tax liabilities ....................................................................................... 3 2 Other liabilities ................................................................................................... 256 358 Total liabilities 15,100 16,113 Equity Share capital ....................................................................................................... — — Additional paid in capital ................................................................................. 458 427 Reserves .............................................................................................................. (213) (90) Retained earnings .............................................................................................. 2,196 2,170 Total equity excluding non-controlling interests 2,441 2,507 Non-controlling interests ................................................................................. 225 177 Total equity 2,666 2,684 Total equity and liabilities 17,766 18,797 19 Klarna Q2’26 Earnings Release

Interim condensed consolidated statement of cash flows (Unaudited) Six Months Ended USD millions June 30, 2026 June 30, 2025 Operating activities Profit (loss) before taxes 42 (138) Income taxes paid (18) (36) Interest expense paid (230) (212) Interest income received 610 326 Adjustments for non-cash items in operating activities Depreciation, amortization and impairment 44 77 Share-based payments 67 85 Provision for credit losses 492 398 Financial items including fair value effects 11 (50) Changes in the assets and liabilities of operating activities Change in consumer receivables at fair value through OCI (315) — Change in consumer receivables at fair value through P&L 194 — Change in consumer receivables at amortized cost 47 (1,485) Change in other financial assets at amortized cost (565) — Change in settlement, trade and other receivables 23 (178) Change in notes payable and other borrowings 41 (9) Change in consumer deposits (604) 3,155 Change in bonds and treasury bills with maturity > 90 days (1,042) (742) Change in other assets and liabilities (11) 343 Cash flow from operating activities (1,213) 1,534 Investing activities Investments in intangible assets (16) (13) Investments in property and equipment — (1) Cash flow from investing activities (16) (14) Financing activities Other equity instruments issued 52 — Notes payable and other borrowings issued 392 197 Notes payable and other borrowings redeemed (251) (30) Principal payments of lease liabilities (9) (13) Cash flow from financing activities 184 154 Cash and cash equivalents Cash and cash equivalents at the beginning of the period 3,803 3,243 Cash flow for the period (1,044) 1,674 Exchange rate difference in cash and cash equivalents (87) 587 Cash and cash equivalents at end of period 2,672 5,504 20 Klarna Q2’26 Earnings Release

Klarna Group plc Unaudited Interim Condensed Consolidated Financial Statements for the three and six month period ended June 30, 2026

TABLE OF CONTENTS (Unaudited) Page Interim condensed consolidated statement of profit or loss ................................................................................ 2 Interim condensed consolidated statement of comprehensive income or loss ............................................... 3 Interim condensed consolidated statement of financial position ........................................................................ 4 Interim condensed consolidated statement of changes in equity ....................................................................... 5 Interim condensed consolidated statement of cash flows ................................................................................... 7 Notes to the interim condensed consolidated financial statements ................................................................... 8 1 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Interim condensed consolidated statement of profit or loss (Unaudited) Three Months Ended Six Months Ended USD millions, except per share amounts Note June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Transaction and service revenue .... 707 604 1,378 1,123 Gain on sale of consumer receivables ........................................... 69 — 126 — Interest income .................................... 266 219 550 401 Total revenue ....................................... 3 1,042 823 2,054 1,524 Processing and servicing costs ........ (233) (187) (499) (351) Provision for credit losses ................. (192) (174) (378) (310) Funding costs ....................................... 11 (171) (147) (342) (277) Technology and product development ........................................ (130) (120) (259) (235) Sales and marketing ........................... (128) (93) (233) (184) Customer service and operations ... (58) (51) (112) (102) General and administrative ............... (91) (65) (171) (159) Depreciation, amortization and impairments .......................................... (12) (32) (15) (42) Operating expenses ............................. (1,015) (869) (2,010) (1,660) Operating profit (loss) .......................... 27 (46) 44 (136) Other income (expense) .................... — — (2) (2) Profit (loss) before taxes .................... 27 (46) 42 (138) Tax (expense) benefit ......................... 16 (18) (7) (32) (14) Net profit (loss) .................................... 9 (53) 10 (152) Whereof attributable to: Shareholders of Klarna Group plc ... 4 (52) (1) (153) Non-controlling interests ................... 5 (1) 11 1 Total ....................................................... 9 (53) 10 (152) Net profit (loss) per share attributable to shareholders of Klarna Group plc Basic ....................................................... 17 $ 0.01 $ (0.14) $ 0.00 $ (0.42) Diluted .................................................... 17 $ 0.01 $ (0.14) $ 0.00 $ (0.42) The accompanying notes are an integral part of the interim condensed consolidated financial statements. 2 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Interim condensed consolidated statement of comprehensive income or loss (Unaudited) Three Months Ended Six Months Ended USD millions June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net profit (loss) ......................................................... 9 (53) 10 (152) Items that are or may be reclassified to the statement of profit or loss: Foreign currency translation differences ......... Exchange differences on translation of foreign operations .................................................. (42) 98 (114) 295 Consumer receivables at fair value through OCI ............................................................................. Net changes in fair value for the period ......... — — (11) — Changes in expected credit losses ................. 43 — 67 — Reclassification to the statement of profit or loss ........................................................................ (49) — (65) — Other comprehensive (loss) income for the period ........................................................................ (48) 98 (123) 295 Total comprehensive (loss) income ....................... (39) 45 (113) 143 Comprehensive income (loss) attributable to: Shareholders of Klarna Group plc ...................... (44) 46 (124) 142 Non-controlling interests ...................................... 5 (1) 11 1 Total comprehensive (loss) income ....................... (39) 45 (113) 143 The accompanying notes are an integral part of these interim condensed consolidated financial statements. 3 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Interim condensed consolidated statement of financial position (Unaudited) USD millions Note June 30, 2026 December 31, 2025 Assets Cash and cash equivalents ............................................................ 4 2,672 3,803 Debt securities .................................................................................. 5 2,593 1,518 Consumer receivables at amortized cost ................................... 6 8,831 10,459 Consumer receivables at fair value through OCI ...................... 10, 12 718 386 Consumer receivables at fair value through profit or loss 10, 12 204 400 Other financial assets at amortized cost .................................... 7 526 — Settlement, trade and other receivables .................................... 544 580 Property and equipment ................................................................ 34 60 Goodwill .............................................................................................. 664 685 Intangible assets .............................................................................. 345 383 Deferred tax assets ......................................................................... 16 25 36 Other assets ...................................................................................... 610 487 Total assets ........................................................................................ 17,766 18,797 Liabilities Accounts payable and accrued expenses ................................. 546 655 Consumer deposits .......................................................................... 12 11,673 13,003 Payables to merchants ................................................................... 934 736 Notes payable and other borrowings .......................................... 8 1,687 1,359 Deferred tax liabilities ..................................................................... 16 3 2 Other liabilities .................................................................................. 9 256 358 Total liabilities .................................................................................... 15,100 16,113 Equity Share capital ..................................................................................... 13 — — Additional paid in capital ................................................................ 458 427 Reserves ............................................................................................ (213) (90) Retained earnings ............................................................................ 2,196 2,170 Total equity excluding non-controlling interests ......................... 2,441 2,507 Non-controlling interests ................................................................ 225 177 Total equity ........................................................................................ 2,666 2,684 Total equity and liabilities ................................................................ 17,766 18,797 The accompanying notes are an integral part of these interim condensed consolidated financial statements. 4 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Interim condensed consolidated statement of changes in equity (Unaudited) USD millions Share capital Additional paid in capital Reserves Retained earnings Equity excluding non- controlling interests Non- controlling interests Total equity Balance as of January 1, 2026 — 427 (90) 2,170 2,507 177 2,684 Net profit (loss) — — — (5) (5) 6 1 Consumer receivables fair value through OCI — — (3) — (3) — (3) Exchange differences on translating foreign currencies — — (72) — (72) — (72) New share issue — 23 — (4) 19 — 19 Share-based payments — — — 36 36 — 36 Tax effects on share based payments — — — (7) (7) — (7) Other equity instruments coupons paid — — — 5 5 (5) — Changes in non-controlling interests — — — (22) (22) (2) (24) Balance as of March 31, 2026 — 450 (165) 2,173 2,458 176 2,634 Net profit (loss) — — — 4 4 5 9 Consumer receivables fair value through OCI — — (6) — (6) — (6) Exchange differences on translating foreign currencies — — (42) — (42) — (42) New share issue — 8 — — 8 — 8 Share-based payments — — — 25 25 — 25 Issuance of other equity instruments1 — — — — — 52 52 Other equity instruments coupons paid — — — 5 5 (5) — Changes in non-controlling interests — — — (11) (11) (4) (15) Balance as of June 30, 2026 — 458 (213) 2,196 2,441 225 2,666 The accompanying notes are an integral part of these interim condensed consolidated financial statements. 5 KLARNA GROUP PLC Q2 INTERIM REPORT 2026 1 During the six months ended June 30, 2026, a subsidiary of Klarna Group Plc issued $52 million (SEK 500m) of Additional Tier 1 (“AT1”) securities. AT1 securities issued by subsidiaries of Klarna Group plc are considered non-controlling interests.

USD millions Share capital Additional paid in capital Reserves Accumulated deficit Equity excluding non- controlling interests Non- controlling interests Total equity Balance as of January 1, 2025 — 4,646 (479) (2,081) 2,086 171 2,257 Net profit (loss) — — — (99) (99) — (99) Exchange differences on translating foreign currencies — — 197 — 197 — 197 New share issue — 8 — — 8 — 8 Share-based payments — — — 43 43 — 43 Tax effects on share based payments — — — (47) (47) — (47) Changes in non-controlling interests — — — (18) (18) 2 (16) Balance as of March 31, 2025 — 4,654 (282) (2,202) 2,170 173 2,343 Net profit (loss) — — — (53) (53) — (53) Exchange differences on translating foreign currencies — — 98 — 98 — 98 New share issue — 151 — (66) 1 85 — 85 Share-based payments — — — 18 18 — 18 Tax effects on share based payments — — — 20 20 — 20 Changes in non-controlling interests — — — — — (1) (1) Balance as of June 30, 2025 — 4,805 (184) (2,283) 2,338 172 2,510 The accompanying notes are an integral part of these interim condensed consolidated financial statements. 6 KLARNA GROUP PLC Q2 INTERIM REPORT 2026 1 In April 2025, the non-controlling interest related to the Employee Equity Program in a Klarna Group subsidiary was exchanged for 1,948,166 ordinary shares in Klarna Group plc at a price of $34 per share. The $66 million associated with this transaction reflects the elimination of the intra-group investment, reclassified within equity and offset against Additional paid-in capital. There was no impact on total shareholders’ equity or net income.

Interim condensed consolidated statement of cash flows (Unaudited) Six Months Ended USD millions June 30, 2026 June 30, 2025 Operating activities Profit (loss) before taxes ................................................................................................... 42 (138) Income taxes paid ............................................................................................................... (18) (36) Interest expense paid ........................................................................................................ (230) (212) Interest income received .................................................................................................. 610 326 Adjustments for non-cash items in operating activities Depreciation, amortization and impairment ................................................................. 44 77 Share-based payments ..................................................................................................... 67 85 Provision for credit losses ................................................................................................. 492 398 Financial items including fair value effects ................................................................... 11 (50) Changes in the assets and liabilities of operating activities Change in consumer receivables at fair value through OCI ...................................... (315) — Change in consumer receivables at fair value through P&L ..................................... 194 — Change in consumer receivables at amortized cost ................................................... 47 (1,485) Change in other financial assets at amortized cost .................................................... (565) — Change in settlement, trade and other receivables .................................................... 23 (178) Change in notes payable and other borrowings .......................................................... 41 (9) Change in consumer deposits .......................................................................................... (604) 3,155 Change in bonds and treasury bills with maturity > 90 days .................................... (1,042) (742) Change in other assets and liabilities ............................................................................. (11) 343 Cash flow from operating activities ................................................................................... (1,213) 1,534 Investing activities Investments in intangible assets ..................................................................................... (16) (13) Investments in property and equipment ....................................................................... — (1) Cash flow from investing activities ..................................................................................... (16) (14) Financing activities Other equity instruments issued 52 — Notes payable and other borrowings issued ................................................................ 392 197 Notes payable and other borrowings redeemed ......................................................... (251) (30) Principal payments of lease liabilities ............................................................................ (9) (13) Cash flow from financing activities .................................................................................... 184 154 Cash and cash equivalents .................................................................................................. Cash and cash equivalents at the beginning of the period .............................................. 3,803 3,243 Cash flow for the period .................................................................................................... (1,044) 1,674 Exchange rate difference in cash and cash equivalents ........................................... (87) 587 Cash and cash equivalents at end of period ..................................................................... 2,672 5,504 The accompanying notes are an integral part of these interim condensed consolidated financial statements. 7 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Notes to the Unaudited Interim Condensed Consolidated Financial Statements for the three and six month period ended June 30, 2026

Note 1 Corporate information Klarna Group plc is a public company with limited liability incorporated under the laws of England and Wales. The interim consolidated financial statements consist of Klarna Group plc and its direct and indirect subsidiaries (collectively, “Klarna,” the “Company,” the “Group,” “we,” “us,” or “our”). Klarna is a technology-driven payments company, with operations spanning multiple countries. We connect consumers and merchants with comprehensive payment solutions and tailored advertising solutions, both online and offline. Our payment solutions provide consumers with more control and flexibility over their payments. The Company's ordinary shares are listed on the New York Stock Exchange following the completion of the Company's initial public offering on September 10, 2025. Note 2 Accounting principles 1. Basis of preparation and consolidation The interim condensed consolidated financial statements are prepared in accordance with IAS 34, Interim Financial Reporting, as issued by the International Accounting Standards Board (“IASB”) and have been prepared on a historical cost basis, except for equity investments, derivatives and consumer receivables at fair value through profit or loss or at fair value through other comprehensive income or loss, which have been measured at fair value, and lease liabilities, which are measured at present value. These interim condensed consolidated financial statements are prepared on a going concern basis. All amounts in the notes to the interim condensed consolidated financial statements are stated in millions of United States dollars (“USD”), unless otherwise stated. The interim condensed consolidated financial statements should be read in conjunction with the Group’s consolidated financial statements for the year ended December 31, 2025, as filed with the SEC as part of the Group’s Annual Report on Form 20-F, as they do not include all the information and disclosures required in the annual consolidated financial statements. Accounting principles and calculation methods applied in these interim condensed consolidated financial statements are consistent with those in the Group’s consolidated financial statements for the year ended December 31, 2025. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the full year or any other interim period. 2. New and amended standards and interpretations Standards and amendments effective for the period There were no new IFRS standards, amendments to standards or interpretations that became effective during the period that had a material effect on these interim condensed consolidated financial statements. New Standards and amendments issued but not yet effective 9 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

In April 2024, the IASB issued IFRS 18 “Presentation and Disclosure in Financial Statements” that replaces IAS 1 “Presentation of Financial Statements”. IFRS 18 introduces new requirements for information presented in the primary financial statements and disclosed in the notes. IFRS 18 is effective for annual reporting periods beginning on or after January 1, 2027, but earlier adoption is permitted. The Group is currently evaluating the impacts of IFRS 18, which introduces three sets of new requirements relating to the structure of the income statement, management-defined performance measures and the aggregation and disaggregation of financial information. 3. Significant accounting judgments, estimates and assumptions In preparing these interim financial statements, the significant judgments, estimates and assumptions made by management in applying the Group’s accounting policies were the same as those applied to the consolidated financial statements for the year ended December  31, 2025 as filed with the SEC as part of the Group’s Annual Report on Form 20-F. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectation of future events. Note 3 Operating segments Klarna’s CODM role is fulfilled by the executive officers as a group, who collaboratively assess financial performance and make resource allocation decisions on a consolidated basis. Klarna operates as one operating segment and has one reportable segment. Transaction and service revenue comprises transaction revenue and consumer service revenue. For the three months ended June 30, 2026 and 2025, transaction revenue was $571 million and $512 million, respectively, and consumer service revenue was $136 million and $92 million, respectively. For the six months ended June 30, 2026 and 2025, transaction revenue was $1,100 million and $940 million, respectively, and consumer service revenue was $278 million and $183 million, respectively. Klarna entered into sales agreements in respect of Fair Financing consumer receivables during the six months ended June 30, 2026, comprising initial sales of the existing portfolios held at amortized cost and forward flow agreements at fair value through other comprehensive income. These sales resulted in a gain on sale of consumer receivables of $69 million for the three months ended June 30, 2026 and $126 million for the six months ended June 30, 2026. There were no comparable gains in the three and six months ended June 30, 2025. The following table presents geographic information related to revenue for Klarna’s single operating segment. Transaction revenue, consumer service revenue, gain on sale of consumer receivables and interest income are presented by major geographic regions based upon the billing address of the consumer. Interest income derived from the cash and liquidity management of the Group is based on the geographic location of the financial institution for which financial instruments have been purchased. 10 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Geographical breakdown United States ........................................................... $ 376 $ 275 $ 775 $ 513 Germany ................................................................... 240 207 461 388 United Kingdom ...................................................... 120 109 231 194 Other countries ....................................................... 306 232 587 429 Revenue .................................................................... $ 1,042 $ 823 $ 2,054 $ 1,524 During the three and six months ended June 30, 2026 and 2025, no individual country within other countries contributed more than 10% of revenues. Note 4 Cash and cash equivalents The Group’s cash and cash equivalents consisted of: June 30, 2026 December 31, 2025 Cash held at central banks ............................................................................... $ 2,194 $ 2,578 Treasury bills held at central banks ................................................................ — 543 Other bank deposits ........................................................................................... 478 682 Total cash and cash equivalents ........................................................................ $ 2,672 $ 3,803 Cash held at central banks consist of deposits in accounts with central banks under government authority primarily where (i) the central bank is domiciled and (ii) the balance is readily available. Note 5 Debt securities As of June 30, 2026 and December 31, 2025, debt securities consisted of the following: June 30, 2026 December 31, 2025 Treasury bills chargeable at central banks ................................................... $ 2,142 $ 1,365 Mandatory deposits at central banks ............................................................. 93 93 Bonds and other interest bearing securities ................................................ 358 60 Total debt securities and other liquid assets .................................................... $ 2,593 $ 1,518 The Group monitors the credit ratings for the securities held throughout the investment holding period. The allowance for expected credit losses is immaterial due to the credit quality of the issuers and low risk of default. Mandatory deposits at central banks are held with local central banks for the purpose of satisfying regulatory requirements. These deposits are not available for immediate use to support the Company’s day-to-day operations. 11 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Treasury bills chargeable at central banks and bonds and other interest-bearing securities both increased during the period, reflecting the reallocation of a portion of the Group's liquid assets into these instruments to enhance the yield generated on the liquidity portfolio. Bonds and other interest-bearing securities further included $171 million of securities, as at June 30, 2026, pledged as collateral in connection with the synthetic securitization transaction described in Note 10. Note 6 Consumer receivables at amortized cost Consumer receivables represent amounts due from consumers related to Klarna’s flexible payment options, including Pay Later and Fair Financing solutions. Consumer receivables, except those which are managed within a business model whose objective is to originate and sell or within a hold-to-collect-and-sell business model (see Note 10), are measured at amortized cost, including outstanding principal balances, unamortized deferred origination costs, accrued interest and net of allowances for expected credit losses. The below tables summarize consumer receivables at amortized cost for the periods ended June 30, 2026 and December 31, 2025: June 30, 2026 Gross Carrying Amount Allowance for ECL Net Carrying Amount Fair Financing receivables ............................................................ $ 3,259 $ (236) $ 3,023 Pay Later receivables .................................................................... 5,986 (178) 5,808 Total ................................................................................................... $ 9,245 $ (414) $ 8,831 December 31, 2025 Gross Carrying Amount Allowance for ECL Net Carrying Amount Fair Financing receivables ............................................................ $ 4,604 $ (272) $ 4,332 Pay Later receivables .................................................................... 6,347 (220) 6,127 Total ................................................................................................... $ 10,951 $ (492) $ 10,459 Klarna assigns outstanding loans to one of three stages based on repayment performance to measure the allowance for credit losses of consumer receivables. The below tables reconcile the Group’s classification of Fair Financing and Pay Later consumer receivables by stage for the opening and closing balances: 12 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Fair Financing receivables Stage 1 Stage 2 Stage 3 Total Gross carrying amount as of January 1, 2026 ....... $ 4,267 — $ 216 — $ 121 — $ 4,604 New assets originated or purchased ................. 5,451 46 24 5,521 Assets repaid1.......................................................... (6,238) (262) (61) (6,561) Transfers to stage 1 ................................................ 201 (196) (5) — Transfers to stage 2 ............................................... (600) 608 (8) — Transfers to stage 3 ............................................... (11) (240) 251 — Amounts written off2 .............................................. (13) (10) (177) (200) Proceeds received from the sale of uncollectible consumer receivables .................. — (2) (16) (18) Other adjustments3 ................................................ (81) (4) (2) (87) Gross carrying amount as of June 30, 2026 ......... $ 2,976 $ 156 $ 127 $ 3,259 ___________ 1 Assets repaid includes the sale of an existing portfolio of Fair Financing receivables within the period. See further details in Note 10 and Note 12. 2 Amounts written off include both write-offs arising from credit risk as well as write-offs arising from non-credit risk related events, principally merchant fulfillment failures and unauthorized transactions where the consumer has no contractual obligation to pay. 3 Other adjustments are primarily driven by fluctuations in the USD foreign exchange rate. Pay Later receivables Stage 1 Stage 2 Stage 3 Total Gross carrying amount as of January 1, 2026 ....... $ 5,936 — $ 263 — $ 149 — $ 6,347 New assets originated or purchased ................. 27,551 30 12 27,593 Assets repaid .......................................................... (26,885) (503) (114) (27,502) Transfers to stage 1 ................................................ 58 (58) — — Transfers to stage 2 ............................................... (777) 777 — — Transfers to stage 3 ............................................... (7) (311) 318 — Amounts written off1 .............................................. (15) (7) (159) (181) Proceeds received from the sale of uncollectible consumer receivables .................. — — (87) (87) Other adjustments2 ................................................ (175) (5) (4) (184) Gross carrying amount as of June 30, 2026 ......... $ 5,686 $ 186 $ 115 $ 5,986 ____________ 1 Amounts written off include both write-offs arising from credit risk as well as write-offs arising from non-credit risk related events, principally merchant fulfillment failures and unauthorized transactions where the consumer has no contractual obligation to pay. 2 Other adjustments are primarily driven by fluctuations in the USD foreign exchange rate. 13 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

The activity in the Group’s allowance for credit losses recognized for Fair Financing and Pay Later consumer receivables, based on the above stage classifications, is detailed in the below table: Fair Financing receivables Stage 1 Stage 2 Stage 3 Total Allowance as of January 1, 2026 ............................ $ (127) $ — $ (52) $ — $ (93) $ — $ (272) New assets originated or purchased ................. (128) (8) (3) (139) Assets repaid .......................................................... 143 47 42 232 Transfers to stage 1 ................................................ (28) 25 3 — Transfers to stage 2 ............................................... 89 (94) 5 — Transfers to stage 3 ............................................... 1 154 (155) — Other movements in ECL allowance .................. (31) (134) (46) (211) Amounts written off1 .............................................. 2 5 144 151 Other adjustments2 ................................................ 1 1 1 3 Allowance as of June 30, 2026 ............................... $ (78) $ (56) $ (102) $ (236) ____________ 1 Amounts written off include both write-offs arising from credit risk as well as write-offs arising from non-credit risk related events, principally merchant fulfillment failures and unauthorized transactions where the consumer has no contractual obligation to pay. 2 Other adjustments are primarily driven by fluctuations in the USD foreign exchange rate. Pay Later receivables Stage 1 Stage 2 Stage 3 Total Allowance as of January 1, 2026 ............................ $ (73) $ — $ (56) $ — $ (91) $ — $ (220) New assets originated or purchased ................. (170) (12) (2) (184) Assets repaid .......................................................... 223 60 71 354 Transfers to stage 1 ................................................ (1) 1 — — Transfers to stage 2 ............................................... 63 (63) — — Transfers to stage 3 ............................................... 1 145 (146) — Other movements in ECL allowance .................. (105) (128) (49) (282) Amounts written off1 .............................................. 3 4 143 150 Other adjustments2 ................................................ 1 1 2 4 Allowance as of June 30, 2026 ............................... $ (58) $ (48) $ (72) $ (178) ____________ 1 Amounts written off include both write-offs arising from credit risk as well as write-offs arising from non-credit risk related events, principally merchant fulfillment failures and unauthorized transactions where the consumer has no contractual obligation to pay. 2 Other adjustments are primarily driven by fluctuations in the USD foreign exchange rate. 14 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Note 7 Other financial assets at amortized cost As of June 30, 2026 and December 31, 2025, Other financial assets at amortized cost consisted of the following: June 30, 2026 December 31, 2025 Reverse repurchase agreements .................................................................... $ 247 $ — Loans to structured entities ............................................................................ 279 — Total other financial assets at amortized cost ................................................. $ 526 — $ — As part of its treasury liquidity operations, the Group enters into reverse repurchase agreements with various counterparties to deploy liquidity. Substantially all the risks and rewards relating to the securities purchased under such agreements remain with the counterparty. As at June  30, 2026, cash advanced against securities under such agreements amounted to $247 million, and is recognized as an asset under other financial assets at amortized cost within the consolidated balance sheet. The difference between the purchase and resale price of such securities is accrued over the term of the agreement using the effective interest method, with $3.8 million recognized as Interest income within the consolidated statements of profit or loss during the six months ended June 30, 2026. Securities received as collateral may be sold or re-pledged subject to the terms of the agreement. Loans to structured entities relate to senior funding provided to the purchasing counterparty under the Group’s increased forward flow arrangements. See Note 10 for further details. Note 8 Notes payable and other borrowings As of June 30, 2026 and December 31, 2025, notes payable and other borrowings consisted of the following: June 30, 2026 December 31, 2025 Warehouse financing facility ............................................................................ $ 573 $ 589 Liabilities to financial institutions .................................................................... 372 163 Senior unsecured bonds ................................................................................... 399 326 Subordinated liabilities ...................................................................................... 179 184 Commercial papers ............................................................................................ 92 84 Derivatives ............................................................................................................ 72 13 Total notes payable and other borrowings ....................................................... $ 1,687 $ 1,359 In the six months ended June 30, 2026, Klarna issued credit-linked notes ("CLNs") in connection with the synthetic securitization transaction described in Note 10, Such CLNs, are included in liabilities to financial institutions at a carrying amount of $171 million as at June 30, 2026. In the six months ended June 30, 2026, Klarna issued a total of, at issuance, approximately $158 million of SEK and EUR denominated commercial papers (SEK 1,250 million and EUR 18 million) across thirteen transactions between January 15 and June 17, 2026, with maturities ranging from April to December 2026 and discount rates between 2.20% and 2.71%. 15 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Over the same period, Klarna redeemed approximately $144 million of commercial papers (SEK 1,125 million and EUR 18 million) across twelve transactions between January 15 and June 30, 2026. Note 9 Other liabilities The Group’s other liabilities as of June 30, 2026 and December 31, 2025 consisted of: June 30, 2026 December 31, 2025 Lease liabilities ................................................................................................. $ 65 $ 80 Commercial agreement liabilities ................................................................. 34 40 Income and payroll tax payables .................................................................. 34 28 Provisions ........................................................................................................... 16 13 Payable to SPV1 ................................................................................................. 24 44 Others 83 153 Total ..................................................................................................................... $ 256 $ 358 ____________ 1 Refer to Note 10 for further details on payable to SPV. Commercial agreement liabilities Commercial agreement liabilities represent unpaid costs relating to commercial agreement assets. Provisions The Group recognizes provisions for present obligations arising from past events when payment of the obligations is probable and can be reliably estimated. Provisions primarily consist of consumer refund commitment, and pending legal and tax litigation. Changes in provisions were immaterial in 2026 and 2025. Klarna offers a Buyer Protection Policy, pursuant to which the Group reimburses consumers in certain circumstances, including where a merchant does not adequately resolve a purchase return for purchases made using a Klarna payment method. The Group recognizes a provision for the expected unrecovered portion of such reimbursements. The total gross transaction value covered by the Buyer Protection Policy as at June 30, 2026 and December 31, 2025 was $1,104 million and $889 million, respectively, which, while not representing a liability, contingent liability, or commitment, represents the underlying exposure used in measuring the related provision. Contingent liabilities In the ordinary course of business, the Group is involved in various proceedings and inquiries, which may include legal, arbitration, dispute, administrative, and regulatory matters. Where an outflow is not considered probable, no provision is recognized. The assessment of whether a present obligation exists involves significant judgment 16 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Were future obligations to arise in respect of such matters pending, possible outcomes could aggregate to a range of $100 million to $200 million. This range reflects, among other things, the nature, uncertainty and current status of these ongoing matters, being an aggregate across such matters taken as a whole and not an estimate of any individual matter. FTC Inquiry The Group has been subject to an ongoing inquiry by the U.S. Federal Trade Commission ("FTC") in relation to the Group's Buyer Protection Policy, and in August 2026, received a draft complaint from the FTC in respect of this matter. The Group does not agree with the positions set out by the FTC staff and is in the early stages of discussions to explore resolution. The matter remains in preliminary stage and is included in the contingent liabilities described above. Note 10 Structured entities Klarna enters into arrangements with structured entities, and consolidates such entities where it has power over key activities and exposure and ability to influence its own returns, and does not consolidate such entities where those conditions are not met. Klarna's consolidated structured entities comprise a warehouse financing facility and an employee benefit trust. Klarna also enters into arrangements with unconsolidated structured entities through synthetic securitizations, under which credit risk on pools of consumer receivables is transferred without derecognition, and forward flow arrangements, under which specified pools of consumer receivables are transferred to securitization vehicles (“SPV”) and derecognized. In March 2026, Klarna increased one of its existing forward flow arrangements from one to two billion USD, with an unconsolidated SPV, to which specified pools of eligible U.S. Fair Financing consumer receivables will be transferred. Klarna derecognize these receivables upon transferring the contractual rights to the cash flows and substantially all associated risks and rewards. The agreements are fixed-term, with commitment periods ranging from one to three years, during which Klarna sells eligible receivables shortly after origination. The purchasing counterparty is committed to purchase all eligible receivables offered up to its commitment amount of $2.0 billion. Klarna committed to provide senior funding of up to $400 million in connection with the arrangement. The funding is secured by the receivables pool and the lender tranche benefits from subordination of the investor tranche, whereby the first losses of up to $310 million will be borne by the purchasing counterparty. As of June  30, 2026, $279 million of senior funding had been extended to the purchasing counterparty and recognized as loans to structured entities under Other financial assets at amortized cost in the consolidated balance sheet (see Note 7). In connection with increasing this arrangement, Klarna sold an existing pool of U.S. Fair Financing receivables totalling $496 million in the three month ended March 31, 2026 (see Note 3). These receivables sold were previously held at amortized cost. 17 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

In addition, in March 2026, Klarna entered into a synthetic securitization transaction, where it economically transferred a portion of credit risk for certain pools of consumer receivables (the “referenced pools”), which remains on Klarna's balance sheet, with the primary objective of lowering the regulatory capital risk weights of the underlying assets. Credit risk for each referenced pool is separated into three tranches: junior, mezzanine, and senior. Klarna retains the risk for the junior and senior tranches and transfers the risk for the mezzanine tranche to investors through issuing EUR 150 million of CLNs to external investors. The total consumer receivables pool committed under the transaction is EUR 1.5 billion. As at June 30, 2026, CLNs at a carrying amount of $171 million had been issued under the transaction, and recognized under liabilities to financial institutions (see Note 8). Further, in June 2026, Klarna entered into a new forward flow arrangement with an unconsolidated structured entity, to which specified pools of eligible German Fair Financing consumer receivables are transferred shortly after origination. Klarna derecognize the receivables transferred upon transferring the contractual rights to their cash flows and substantially all the associated risks and rewards, and retains no equity, subordinated, residual or risk-retention interest in the structure. The arrangement is fixed-term, comprising an initial sale of an existing portfolio during the period and a 24-month forward-flow arrangement commencing July 1, 2026, during which the purchasing counterparty is committed to purchase all eligible receivables offered up to its commitment amount of EUR 900 million. The first losses on the transferred receivables are borne by the purchasing counterparty's through their subordinated position. Klarna continues to service the receivables for a market-rate fee. In connection with entering into this arrangement, Klarna sold an existing pool of German Fair Financing receivables totalling $967 million in the three months ended June 30, 2026 (see Note 3). These receivables sold were previously held at amortized cost. The following table shows the carrying amount of Klarna’s recorded interest in its consolidated balance sheet as of June 30, 2026 and December 31, 2025, and represented the maximum exposure to risk associated with its interest in the unconsolidated structured entities. The maximum exposure reflects the total potential loss the Group could incur from its involvement, regardless of the likelihood of that loss being incurred. June 30, 2026 December 31, 2025 Consumer receivables at fair value through OCI ......................................... $ 718 $ 386 Consumer receivables at fair value through profit or loss ........................ 204 400 Loans to structured entities ............................................................................. 279 — Receivables from SPVs ...................................................................................... 170 54 Pledged assets under forward flow arrangements ...................................... 2 — Total assets ........................................................................................................... $ 1,373 $ 840 Payable to SPV .................................................................................................... 24 44 Total liabilities ....................................................................................................... $ 24 $ 44 During the six months ended June  30, 2026 and full year 2025, Klarna originated consumer receivables totalling $14.7 billion and $2.4 billion, respectively, classified at fair value through profit or loss, or fair value through other comprehensive income. 18 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Following the transfer of consumer receivables Klarna typically continues to service the sold receivables on behalf of the SPVs for a servicing fee. The Company earned servicing income of $15 million and $2 million in the six months ended June  30, 2026 and 2025, respectively, recognized within Transaction and service revenue related to derecognized receivables. The servicing fees were commensurate with market rates and did not expose Klarna to credit losses beyond its contractual entitlements. The servicing arrangement did not constitute a form of retained interest that precluded derecognition. As of June  30, 2026 and December  31, 2025, an aggregated balance of $3.9 billion and $2.9 billion, respectively, in sold receivables was recognized by the unconsolidated SPVs. Note 11 Funding costs The Group’s funding costs for the periods ended June 30, 2026 and 2025 were as follows: Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Consumer deposits ................................................................ (75) (82) (150) (159) Fair value adjustment on loans sold and held for sale ... (46) (23) (96) (44) Other cost of securitizations ............................................... (7) (9) (11) (14) Interest-bearing securities ................................................... (10) (6) (19) (11) Liabilities to credit institutions ............................................ (13) (6) (25) (11) Subordinated liabilities ......................................................... (4) (4) (9) (9) Other funding costs ............................................................... (16) (17) (32) (29) Total funding costs (171) (147) (342) (277) Fair value adjustments on loans sold and held for sale relate to Pay Later receivables classified under the originate-to-sell business model and measured at fair value through profit or loss (“FVTPL”). See Note 10. 19 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Note 12 Fair value measurement of financial assets and liabilities The following table shows the Group’s financial assets and liabilities measured at fair value on a recurring basis and identifies which of the three valuation levels the assets and liabilities have been classified into as of June 30, 2026 and December 31, 2025. No transfers between levels have been made during the six months ended June 30, 2026 or twelve months ended December 31, 2025. June 30, 2026 Financial Instruments Level 1 Level 2 Level 3 Total Assets Consumer receivables at fair value through profit or loss ............................................................. $ — $ — $ 204 $ 204 Consumer receivables at fair value through OCI ............................................................................. — — 718 718 Derivatives ............................................................... — 14 — 14 Equity investments ................................................. 6 — 6 12 Total financial assets ............................................... $ 6 $ 14 $ 928 $ 949 Liabilities Derivatives ............................................................... $ — $ 72 $ — $ 72 Total financial liabilities ........................................... $ — $ 72 $ — $ 72 December 31, 2025 Financial Instruments Level 1 Level 2 Level 3 Total Assets Consumer receivables at fair value through profit or loss ............................................................. $ — $ — $ 400 $ 400 Consumer receivables at fair value through OCI ............................................................................. — — 386 386 Derivatives ............................................................... — 21 — 21 Equity investments ................................................. 7 — 8 15 Total financial assets ............................................... $ 7 $ 21 $ 794 $ 822 Liabilities Derivatives ............................................................... $ — $ 13 $ — $ 13 Total financial liabilities ........................................... $ — $ 13 $ — $ 13 20 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

The following tables show a reconciliation of the opening and closing balances of Level 3 financial assets and liabilities which are recorded at fair value: Financial assets Equity investments Consumer receivables at fair value through profit or loss Consumer receivables at fair value through OCI Balance as of December 31, 2025 ......................................................... $ 8 $ 400 $ 386 Receivables originated ........................................................................ — 12,141 2,609 Receivables sold to third parties2 ..................................................... — (11,404) (1,790) Consumer receivable settlements .................................................... — (836) (431) Gain/(loss) in statement of profit or loss1 (2) (96) — of which: unrealized gain/(loss) ......................................................... (2) (6) — of which: realized gain/(loss) .............................................................. — (90) — Total gain/(loss) recognized in OCI ................................................... — — (56) Balance as of June 30, 2026 ................................................................. $ 6 $ 204 $ 718 ____________ 1 Fair value gains and losses on Pay Later loans sold and held for sale recognized in the statement of profit or loss are included in funding costs. 2 Consumer receivables at fair value through profit or loss or at fair value through OCI sold during the six months ended June 30, 2026 totalled $13,194 million in accordance with the table above. In addition, Klarna sold consumer receivables measured at amortized cost of $1,480 million in the same period (see Note 6). Together, total Fair Financing receivables sold were $3,269 million and total Pay Later receivables sold were $11,404 million in the six months ended June 30, 2026; of which $1,204 million and $5,547 million, respectively, in the first quarter of 2026 and $2,065 million and $5,857 million, respectively, in the second quarter of 2026. Financial assets and liabilities measured at amortized cost The following tables show the fair value of financial instruments carried at amortized cost. They do not include financial assets and financial liabilities not measured at fair value where the carrying amount approximates fair value, which includes cash held at central banks, other bank deposits, mandatory deposits at central banks, consumer receivables, settlement, trade and other receivables, payables to merchants, loans to structured entities, repurchase agreement assets and liabilities (included in other financial assets at amortized cost and notes payable and other borrowings, respectively) and other liabilities. 21 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Financial Instruments June 30, 2026 Assets Carrying Amount Level 1 Level 2 Level 3 Balance at Fair Value Treasury bills at central banks .......................................... $ 2,142 $ 2,138 $ — $ — $ 2,138 Bonds and other interest bearing securities .................... 358 357 — — 357 Total financial assets ................ $ 2,500 $ 2,495 $ — $ — $ 2,495 Liabilities Consumer deposits .................. $ 11,673 $ — $ 11,763 $ — $ 11,763 Subordinated liabilities ........... 179 — 206 — 206 Senior unsecured bonds ........ 399 — 402 — 402 Commercial papers ................. 92 — 92 — 92 Credit-linked notes 171 — 171 — 171 Warehouse financing facility . 573 — 570 — 570 Total financial liabilities ............ $ 13,087 $ — $ 13,204 $ — $ 13,204 Financial Instruments December 31, 2025 Assets Carrying Amount Level 1 Level 2 Level 3 Balance at Fair Value Treasury bills at central banks .......................................... $ 1,908 $ 1,909 $ — $ — $ 1,909 Bonds and other interest bearing securities .................... 60 60 — — 60 Total financial assets ................ $ 1,968 $ 1,969 $ — $ — $ 1,969 Liabilities Consumer deposits .................. $ 13,003 $ — $ 13,188 $ — $ 13,188 Subordinated liabilities ........... 184 — 206 — 206 Senior unsecured bonds ........ 326 — 327 — 327 Commercial papers ................. 84 — 84 — 84 Warehouse financing facility . 589 — 589 — 589 Total financial liabilities ............ $ 14,186 $ — $ 14,394 $ — $ 14,394 Treasury bills at central banks includes treasury bills held at central banks, presented within Cash and cash equivalents in the consolidated balance sheet, and treasury bills chargeable at central banks are included within Debt securities in the consolidated balance sheet. Bonds and other interest-bearing securities are included within Debt securities in the consolidated balance sheet. These financial instruments are valued at active market prices. The calculation of fair value of consumer deposits is based on Level 2 input using observable market data. Consumer deposits are grouped into maturity buckets and thereafter the net present value is calculated based on the remaining maturity and the corresponding interest rate. 22 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

The table below represents net results from categories of the following financial instruments for the three and six months ended June 30, 2026 and 2025: Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Financial instruments measured at fair value through profit or loss ............................................. $ (12) $ 10 $ (72) $ 77 Financial assets measured at amortized cost . 671 588 1,343 1,102 Financial liabilities measured at amortized cost ............................................................................ (148) (135) (285) (263) Exchange gains/losses .......................................... 17 (50) 67 (146) Total ........................................................................... $ 529 $ 413 $ 1,054 $ 770 Note 13 Issued capital and reserves Share capital As of June  30, 2026, our issued and outstanding share capital consists of the following share classes: Ordinary shares Class B shares Deferred shares Deferred shares Deferred shares Deferred shares Nominal value $0.00010 $0.00010 $0.00073 $11.35013 $0.28000 $0.00010 As of January 1, 2025 365,296,572 — 365,296,572 — 1 — Shares issued 12,211,338 369,911,294 257,772 369,911,294 — — Capital reduction — (365,554,344) (369,911,294) (1) (41,774,705) Redesignation (41,774,705) 41,774,705 As of December 31, 2025 377,507,910 328,136,589 — — — — Shares issued 1,652,156 — — — — — Redesignation (140,342,441) 140,342,441 As of June 30, 2026 379,160,066 187,794,148 — — — 140,342,441 The excess of the consideration received from issuance of shares over their nominal value is recognized as Additional paid in capital. In the six months ended June  30, 2026, an aggregate of 1,652,156 ordinary shares were issued, comprising: • 1,080,000 ordinary shares issued following an exchange of subsidiary shares, previously acquired through exercise of such warrants, into ordinary shares of Klarna Group plc. • 375,525 ordinary shares were issued following an exchange of ordinary shares in a subsidiary of Klarna Group plc pursuant to the Group’s Employee Equity Program • 196,631 ordinary shares issued to employees, including ordinary shares issued upon the vesting of restricted stock units in Klarna Group plc (“Klarna Group plc RSUs”) . In addition, upon ordinary shares being sold by shareholders who held such shares at the time of the initial public offering, 140,342,441 Class B shares were redesignated into deferred shares, each with a nominal value of $0.00010 (“Class B Redesignation”). 23 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

It is also noted that during the three months ended June 30, 2026, 46,636 ordinary shares were granted to employees, including executive officers, of which 22,420 were withheld to cover statutory tax withholding obligations resulting in a net issuance of 24,216 ordinary shares. The corresponding share-based compensation expense has been recognized in the six months ended June  30, 2026 however, these shares had not been registered or issued as of the reporting date. Note 14 Share-based payments The following table presents share-based payment costs, inclusive of social security charges, recognized in the three and six months ended June 30, 2026 and 2025: Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Employee restricted share unit program .......... $ (18) $ (20) $ (30) $ (33) Share warrants and share options ..................... (15) (6) (29) (45) Direct share issuance ............................................ (4) — (8) (7) Share-based payment costs .................................. $ (37) $ (26) $ (67) $ (85) less: amounts recognized as reduction of revenue ..................................................................... — — — (1) Share-based payments expense ........................... $ (37) $ (26) $ (67) $ (86) 24 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

The below table includes additional details regarding RSUs, share warrants and options, issued by Klarna Group plc as of, and for the six months ended June 30, 2026. Klarna Group plc RSU program Share warrants and options issued by Klarna Group plc Share options to acquire C Class shares issued by Klarna Group plc Number Weighted average fair value at grant Number Weighted average exercise price1 Number2 Weighted average exercise price1 December 31, 2025 ..... 998,907 $ 34.2 27,132,727 $ 60.6 20,446,908 $ 42.0 Granted ....................... 444,832 14.9 402,394 15.1 2,795,264 7.5 Released3 .................... (3,775) 34.0 — — — — Exercised .................... — — — — — — Forfeited ..................... (99,156) 33.5 — — — — June 30, 2026 .............. 1,340,808 $ 27.8 27,535,121 $ 59.9 23,242,172 $ 37.9 ____________ 1 Where share options were granted in SEK, the input has been converted to USD using the average exchange rate for the period for presentation purposes. 2 Two Class C share options entitle the recipient to acquire, at the recipient's election, either one ordinary share or two Class C shares on exercise. Weighted average exercise prices for Class C share options are expressed per Class C share; the equivalent exercise price expressed per ordinary share is double the figures shown. 3 Released represents RSUs that vested during the period and were settled through the delivery of shares in Klarna Group plc to employees. The table below includes additional details regarding RSUs and share warrants, issued by a subsidiary of Klarna Group plc, as of, and for the six months ended June 30, 2026: Legacy RSU program Share warrants issued by a subsidiary of Klarna Group plc Number Weighted average fair value at grant1 Number Weighted average exercise price2 December 31, 2025 ................................................... 14,597,215 $ 5.1 2,227,521 $ 605.0 Granted ...................................................................... — — — — Released3 .................................................................. (3,019,415) 5.2 — — Repurchased ............................................................ — — (50,000) 251.2 Expired ....................................................................... — — (69,673) 0.1 Forfeited .................................................................... (1,423,676) 5.0 (46,318) 660.7 June 30, 2026 ............................................................ 10,154,124 $ 5.1 2,061,530 $ 632.8 Equivalent of Klarna Group plc Shares 2,497,915 $ 20.7 24,738,360 $ 52.7 ____________ 1 Legacy RSUs granted in SEK have been converted to USD using the average exchange rate for each period for presentation purposes. 2 Where share warrants were granted in SEK, the input has been converted to USD using the average exchange rate for the period for presentation purposes. 3 Released represents RSUs that vested during the period and were settled through the delivery of shares in a subsidiary to employees. 25 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Upon vesting, one Legacy RSU entitles the holder to receive a share in a subsidiary, and one share warrant issued by a subsidiary entitles the recipient to purchase one ordinary share in a subsidiary. We anticipate periodically facilitating the exchange of shares resulting from Legacy RSU program and share warrants exercised into subsidiaries into ordinary shares of Klarna Group plc. The number of equivalent Klarna Group plc shares is presented as if the Legacy RSUs program and share warrants issued by a subsidiary of Klarna Group plc had been exchanged into Klarna Group plc ordinary shares as of the reporting date. If exchanged, the number of shares exchanged is dependent on the value of Klarna Group plc at the time of exchange. As of June  30, 2026, one Legacy RSU and one warrant would correspond to approximately 0.25 and 12 ordinary shares of Klarna Group plc, respectively. In the six months ended June 30, 2026: • 444,832 RSUs were awarded to employees, which are issuable into ordinary shares of Klarna Group plc upon vesting. The weighted average fair value at grant was $14.9, determined based on the fair value of the ordinary shares on the grant date. The RSUs generally vest over a four-year staggered vesting schedule, with 25% of the shares vesting each year. If the participant leaves Klarna, unvested RSUs are forfeited. • 437,166 ordinary shares were granted to employees, including executive officers, of which 220,094 were withheld to cover statutory tax withholding obligations resulting in a net issuance of 217,072 ordinary shares. There were no vesting conditions or restrictions placed on the awards and, accordingly, the related share-based compensation expense, based on the grant-date fair value of the awards, was recognized immediately. The weighted average fair value of the ordinary shares granted was $15.3. • 2,795,264 C Class options, with two options entitling the recipient to acquire either one ordinary share or two C Class shares in Klarna Group plc, at the agreed strike price, were granted to Sebastian Siemiatkowski, our Co-Founder and Chief Executive Officer. These awards were fully vested on the grant date. • 402,394 options to acquire one ordinary share in Klarna Group plc, at the agreed strike price, were granted to two executive officers. These awards were fully vested on the grant date. Klarna uses the Black-Scholes model when calculating the fair value of share warrants and options granted, including share options to acquire C Class shares. The inputs used within the model for the share warrants and options granted during the six months ended June 30, 2026 were: Six Months Ended June 30, 2026 Expected volatility (%) ................................................................................................. 42% Risk-free interest rate (%) .......................................................................................... 3.8% - 4.1% Expected term (years) ................................................................................................. 2.5 - 3.0 Weighted average share price for instruments issued by Klarna Group plc (in USD) ........................................................................................................................... 15.1 26 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Note 15 Information on related parties Milkywire was founded in 2018 by Nina Siemiatkowski, who is the spouse of Sebastian Siemiatkowski, our Co-Founder and Chief Executive Officer. Klarna paid Milkywire AB $0.9 million in 2025 and $0.3 million through the first two quarters of 2026, respectively, for sustainability-related services. Separately, Klarna transferred to Milkywire an additional $0.5 million in 2025 for the purchase of carbon credits on Klarna's behalf; these amounts were paid in full to the third-party providers and Milkywire did not retain any margin on these transactions. No carbon credit purchases were made in the six months ended June 30, 2026. Additionally, the Company made charitable contributions of $2.3 million in 2025 to the WRLD Foundation, where Nina Siemiatkowski serves as a board member. No contributions were made in the six months ended June 30, 2026. These arrangements were approved by the Board of Directors, excluding the Chief Executive Officer. For further details, refer to Note 23 of the consolidated financial statements included in the Company's Annual Report on Form 20-F for the year ended December 31, 2025. During the six months ended June  30, 2026, the Board of Directors approved the grant of 402,394 options to acquire ordinary shares in Klarna Group plc and the issuance of 319,416, gross of shares withheld to cover tax, of ordinary shares directly to members of the Company's management team. Additionally, the Board of Directors granted 2,795,264 Class C share options to Mr. Siemiatkowski, which were fully vested on the grant date. See Note 14 for additional details regarding these awards. Note 16 Income taxes The table below represents income tax (expense) benefit, effective tax rate as of the three and six months ended June 30, 2026, and 2025, and deferred tax assets and deferred tax liabilities as of June 30, 2026 and December 31, 2025: Three months ended Six months ended Income tax (expense) benefit June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Current tax Tax expense for the period $ (16) $ (1) $ (28) $ (9) Total $ (16) $ (1) $ (28) $ (9) Deferred tax Deferred tax $ (2) $ (6) $ (4) $ (5) Income tax expense $ (18) $ (7) (32) (14) Profit (loss) before tax $ 27 $ (46) $ 42 $ (138) Effective tax rate 66.7 % 15.2 % 76.2 % 10.1 % 27 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Deferred taxes June 30, 2026 December 31, 2025 Deferred tax asset ............................................................................................... $ 25 $ 36 Deferred tax liability ............................................................................................ (3) (2) Total deferred taxes $ 22 $ 34 Comprising: ............................................................................................................ Losses carried forward ....................................................................................... $ 59 $ 71 Allowance for credit losses ................................................................................ 13 12 Intangible assets .................................................................................................. (54) (78) Other ....................................................................................................................... 4 30 Total deferred taxes $ 22 $ 34 Deferred tax assets attributable to carryforward of unused tax losses or other deductible temporary differences are recognized only to the extent that it is probable that future taxable profits will be available against which the unused tax losses and unused tax credits can be utilized. The gross deferred tax assets and liabilities have been set off on the balance sheet to the extent the requirements for netting are met. The effective tax rate of 66.7% and 76.2%, respectively, arises from current tax charges recognized in profitable jurisdictions, at applicable local rates, while no deferred tax asset is recognized against losses in certain other jurisdictions. The Group has applied the exception, mandated by an amendment to IAS 12, to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes. There was no material impact of Pillar Two on Klarna Group as of June 30, 2026. Note 17 Net profit (loss) per share Basic loss per share is calculated by dividing the loss attributable to shareholders of Klarna Group plc by the weighted average number of ordinary shares outstanding during the period. Diluted profit (loss) per share is calculated similarly but includes the effect of potential ordinary shares using the treasury stock method, to the extent that the inclusion of these shares is dilutive. Potential ordinary shares consist of incremental shares issuable in connection with warrants and share options, and Klarna Group plc RSUs. The Group has also granted RSUs and certain warrants in subsidiaries which are exercisable or convertible in subsidiary company shares and are not considered potential ordinary shares in Klarna Group plc. However, such instruments, which are potential ordinary shares in subsidiaries, may affect net profit (loss) per share due to their impact on non-controlling interest for Klarna Group plc. Due to the net loss attributable to shareholders of Klarna Group plc and the resulting anti-dilutive effect for the six months ended June 30, 2026 and the three and six months ended June 30, 2025, all potential ordinary shares are excluded from the diluted loss per share calculation, and diluted loss per share equals basic loss per share for those periods. For the three months ended June 30, 2026, potential ordinary shares are dilutive and are included in the diluted earnings per share calculation. Potential ordinary shares in subsidiaries have an insignificant impact on non-controlling interest for purposes of the diluted loss per share for the three and six months ended June 30, 2026 and June 30, 2025. 28 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

The computation of loss per share for the respective periods is as follows: Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Numerator: Net profit (loss) attributable to shareholders of Klarna Group plc ................................................ $ 4 $ (52) (1) (153) Denominator: Weighted average number of ordinary shares - basic ........................................................................ 378,689,760 368,052,591 378,365,549 366,732,817 Dilutive potential ordinary shares ....................... 200,155 — — — Weighted average number of ordinary shares - diluted ..................................................................... 378,889,915 368,052,591 378,365,549 366,732,817 Net profit (loss) per share attributable to shareholders of Klarna Group plc: Basic .......................................................................... $ 0.01 $ (0.14) $ 0.00 $ (0.42) Diluted ....................................................................... $ 0.01 $ (0.14) $ 0.00 $ (0.42) Note 18 Significant events after the end of the reporting period The Group has evaluated all events that have occurred subsequent to June 30, 2026, through the date that the interim consolidated financial statements were approved by the Board of Directors. On July 1 2026, after the reporting date, the Stockholm Patent and Market Court issued a decision against Google (Google LLC, Alphabet Inc. and Google Sweden AB) to pay the Group's subsidiary Klarna Technologies AB (“PriceRunner”) approximately $2.1 billion, in damages and accrued interest, in a competition-damages proceeding related to Google’s abuse of its dominant position in displaying search and compare results. The judgment was rendered at first instance and has been appealed by both parties to the Patent and Market Court of Appeal on July 22, 2026. Interest continues to accrue on the amounts awarded in the initial judgment. The claim has been financed by third parties under a litigation funding arrangement. If the litigation is ultimately successful, a share of the proceeds is payable in relation to this arrangement to litigation funders, ATE insurers, and further shares are payable, under the terms of the acquisition of PriceRunner, to its former shareholders. Any amount ultimately recovered would be reduced by these sharing arrangements and by applicable taxation. The Group’s entitlement is contingent on the successful outcome of the litigation and, as at 30 June 2026, the criteria for recognition had not been met. Accordingly, no amount has been recognized in the consolidated financial statements in respect of the claim. On July 16, 2026, Klarna completed a $518 million significant risk transfer with an external investor under a three-year agreement. Under the transaction, a portion of the credit risk on a reference portfolio of consumer receivables was transferred to the investor, reducing the regulatory capital requirements on those assets. The receivables remain recognized on Klarna's balance sheet. As the transaction completed after June 30, 2026, it had no impact on these financial statements. 29 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

In July 2026, subsequent to the reporting date, Klarna commenced a consumer device financing program in the United States with Apple, under which consumers may lease eligible consumer electronics devices over terms ranging from 12 to 36 months. Klarna is responsible for credit decisioning, financing and payment servicing and earns a fee from the retail partner. The program had no effect on the interim condensed consolidated financial statements for the six months then ended. No other significant events have occurred during the subsequent period. 30 KLARNA GROUP PLC Q2 INTERIM REPORT 2026

Amounts in USD millions Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Transaction and service revenue 486 518 532 600 519 604 634 743 671 707 Gain on sale of consumer receivables — — — — — — — 73 57 69 Interest income 157 164 174 181 182 219 269 267 284 266 Total revenue 643 682 706 781 701 823 903 1,082 1,012 1,042 Processing and servicing costs (136) (148) (151) (161) (164) (187) (208) (250) (266) (233) Provision for credit losses (117) (106) (116) (156) (136) (174) (235) (250) (186) (192) Funding costs (113) (120) (123) (147) (130) (147) (180) (210) (171) (171) Technology and product development (99) (103) (107) (135) (115) (120) (123) (128) (129) (130) Sales and marketing (79) (78) (70) (101) (91) (93) (102) (128) (105) (128) Customer service and operations (57) (48) (44) (54) (51) (51) (53) (52) (55) (58) General and administrative (51) (64) (65) (101) (94) (65) (77) (70) (81) (91) Depreciation, amortization and impairments (19) (19) (17) (27) (10) (32) (8) (4) (2) (12) Operating expenses (671) (686) (693) (882) (791) (869) (986) (1,093) (996) (1,015) Operating Profit (loss) (28) (5) 13 (101) (90) (46) (83) (11) 17 27 Other income (expense) 3 2 2 147 (2) 0 (4) (5) (2) 0 Profit (Loss) before taxes (25) (3) 15 46 (92) (46) (87) (16) 15 27 Tax (expense) benefit (5) 1 (2) (6) (7) (7) (8) (10) (14) (18) Net Profit (loss) (30) (2) 12 40 (99) (53) (95) (26) 1 9 Rounding effects may be present in these tables

Amounts in USD millions Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Transaction and service revenue 486 518 532 600 519 604 634 743 671 707 Gain on sale of consumer receivables — — — — — — — 73 57 69 Interest income 157 164 174 181 182 219 269 267 284 266 Total revenue 643 682 706 781 701 823 903 1,082 1,012 1,042 Processing and servicing costs (136) (148) (151) (161) (164) (187) (208) (250) (266) (233) Provision for credit losses (117) (106) (116) (156) (136) (174) (235) (250) (186) (192) Funding costs (113) (120) (123) (147) (130) (147) (180) (210) (171) (171) Transaction costs (366) (374) (390) (464) (430) (508) (623) (710) (623) (596) Transaction margin dollars 277 308 316 317 271 315 280 372 389 446 Technology and product development (78) (81) (78) (71) (83) (93) (97) (102) (110) (111) Sales and marketing (77) (77) (65) (91) (80) (83) (85) (106) (87) (111) Customer service and operations (57) (47) (42) (45) (51) (48) (50) (51) (54) (57) General and administrative (51) (58) (52) (67) (54) (62) (63) (66) (70) (76) Adjusted operating expenses (263) (263) (237) (274) (268) (286) (295) (325) (321) (355) Adjusted operating income (loss) 14 45 79 43 3 29 (15) 47 68 91 - Depreciation, amortization and impairments (36) (38) (34) (77) (26) (27) (25) (28) (24) (23) - Share based payments (5) (9) (20) (57) (59) (26) (39) (33) (29) (38) - Restructuring and other (2) (3) (12) (8) (8) (21) (5) 2 2 (4) Operating profit (loss) (28) (5) 13 (101) (90) (46) (83) (11) 17 27 Other income (expense) 3 2 2 147 (2) 0 (4) (5) (2) 0 Profit (Loss) before income tax (25) (3) 15 46 (92) (46) (87) (16) 15 27 Income tax (5) 1 (2) (6) (7) (7) (8) (10) (14) (18) Net income (loss) (30) (2) 12 40 (99) (53) (95) (26) 1 9 Like-for-like growth rates Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 GMV 9% 15% 19% 23% 22% 15% Transaction and service revenue 9% 12% 15% 18% 21% 15% Gain on sale of consumer receivables Interest income 18% 28% 49% 39% 46% 19% Total revenue 11% 16% 23% 32% 36% 25% Processing and servicing 22% 23% 33% 49% 54% 23% Provision for credit losses 19% 60% 98% 55% 29% 9% Funding costs 18% 17% 40% 35% 23% 14% Transaction costs 20% 32% 54% 47% 37% 16% Transaction margin dollars 0% (3%) (16%) 10% 34% 39% Technology and product development 7% 8% 19% 33% 26% 18% Sales and marketing 6% 4% 26% 10% 1% 31% Customer service and operations (10%) (4%) 11% 4% (5%) 15% General and administrative 9% 0% 15% (6%) 23% 21% Adjusted operating expenses 3% 3% 19% 11% 12% 22% Rounding effects may be present in these tables

US · United States Amounts in USD millions Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 GMV ($m) · US 4,154 4,521 4,642 5,998 5,113 6,202 6,643 8,553 7,115 7,887 Transaction and service revenue 138 150 157 203 177 194 200 247 224 238 Gain on sale of consumer receivables — — — — — — — 60 57 41 Interest income 42 50 53 57 61 81 117 106 117 97 Total revenue 179 200 210 261 238 275 317 413 399 376 Processing and servicing costs (61) (65) (68) (75) (73) (88) (94) (119) (139) (121) Provision for credit losses (47) (48) (53) (92) (58) (102) (135) (140) (84) (105) Funding costs (29) (37) (37) (44) (40) (47) (71) (90) (70) (63) Transaction costs (137) (150) (158) (210) (171) (236) (300) (349) (293) (288) Transaction margin dollars (TMD) 42 50 52 51 67 39 17 64 106 88 TMD % of Revenue 24% 25% 25% 19% 28% 14% 6% 15% 27% 23% Global (Ex-US) · all other markets Amounts in USD millions Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 GMV ($m) · Global (Ex-US) 19,674 21,343 21,530 23,384 20,210 24,980 26,016 30,145 26,576 28,762 Transaction and service revenue 348 368 375 397 342 410 433 496 446 469 Gain on sale of consumer receivables — — — — — — — 13 — 28 Interest income 115 114 120 124 121 138 152 161 167 169 Total revenue 463 482 496 521 463 548 586 669 613 666 Processing and servicing costs (75) (83) (84) (86) (90) (100) (114) (131) (127) (112) Provision for credit losses (70) (59) (63) (65) (78) (72) (100) (109) (102) (87) Funding costs (84) (83) (85) (104) (90) (101) (109) (120) (102) (108) Transaction costs (229) (224) (232) (255) (259) (272) (323) (361) (331) (308) Transaction margin dollars (TMD) 234 258 264 266 203 276 263 308 283 358 TMD % of Revenue 51% 53% 53% 51% 44% 50% 45% 46% 46% 54% Rounding effects may be present in these tables

Allowance for credit losses walk Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Opening balance 332 354 401 492 492 449 Provision for credit losses 136 174 235 250 186 192 Realized losses (123) (141) (144) (193) (169) (166) Asset sale activity — — — (57) (55) (59) FX / other 9 14 — — (5) (3) Closing balance 354 401 492 492 449 413 Delinquencies Financing 60+ DPD Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 US 2.9% 3.2% 3.4% 3.0% 2.8% 3.7% 3.6% 3.3% not mature yet Global (Ex-US) 1.6% 1.5% 1.4% 1.6% 1.6% 1.8% 1.7% 1.7% not mature yet Financing 30+ DPD Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 US 2.6% 2.9% 3.2% 2.9% 2.6% 3.5% 3.4% 3.2% 3.0% Global (Ex-US) 1.8% 1.6% 1.5% 1.7% 1.7% 1.9% 1.8% 1.8% 1.6% Pay Later 30+ DPD Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 US 1.1% 1.3% 1.3% 1.4% 1.2% 1.7% 1.6% 1.6% 1.3% Global (Ex-US) 1.9% 1.7% 1.7% 1.6% 1.5% 1.6% 1.7% 1.6% 1.4% Pay Later 60+ DPD Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 US 1.0% 1.2% 1.2% 1.2% 1.1% 1.5% 1.4% 1.4% 1.1% Global (Ex-US) 0.9% 0.7% 0.8% 0.7% 0.8% 0.9% 1.0% 0.9% 0.8% Cumulative net charge-offs US Cumulative Net Charge-offs Financing - Months since origination 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Q1'24 0.2% 1.0% 1.6% 2.2% 2.7% 3.0% 3.2% 3.3% 3.4% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% Q2'24 0.2% 1.1% 1.8% 2.4% 2.9% 3.2% 3.4% 3.5% 3.5% 3.6% 3.6% 3.6% 3.6% 3.6% 3.6% Q3'24 0.2% 1.3% 2.0% 2.6% 3.1% 3.4% 3.6% 3.6% 3.7% 3.8% 3.8% 3.9% 3.9% 3.9% 3.9% Q4'24 0.2% 1.2% 2.0% 2.5% 2.9% 3.2% 3.4% 3.5% 3.7% 3.8% 3.9% 3.9% 4.0% Q1'25 0.2% 1.1% 1.7% 2.2% 2.7% 3.0% 3.2% 3.4% 3.5% 3.6% Q2'25 0.4% 1.7% 2.6% 3.2% 3.6% 3.9% 4.1% Q3'25 0.3% 1.5% 2.3% 2.8% Q4'25 0.3% Global (Ex-US) Cumulative Net Charge-offs Financing - Months since origination 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Q1'24 0.1% 0.3% 0.5% 0.7% 0.9% 1.1% 1.2% 1.2% 1.3% 1.3% 1.4% 1.4% 1.4% 1.5% 1.5% Q2'24 0.1% 0.3% 0.5% 0.6% 0.8% 0.9% 1.0% 1.0% 1.1% 1.2% 1.2% 1.2% 1.3% 1.3% 1.3% Q3'24 0.1% 0.3% 0.4% 0.5% 0.7% 0.8% 0.9% 1.0% 1.1% 1.1% 1.2% 1.2% 1.2% 1.2% 1.3% Q4'24 0.1% 0.4% 0.6% 0.7% 0.9% 1.0% 1.1% 1.2% 1.2% 1.3% 1.3% 1.3% 1.4% Q1'25 0.1% 0.3% 0.5% 0.7% 0.8% 1.0% 1.2% 1.2% 1.3% 1.3% Q2'25 0.1% 0.3% 0.6% 0.8% 1.0% 1.1% 1.2% Q3'25 0.1% 0.3% 0.5% 0.7% Q4'25 0.1% US Cumulative Net Charge-offs Pay Later - Months since origination 3 4 5 6 7 8 Q1'24 0.0% 0.3% 0.7% 0.8% 0.8% 0.8% Q2'24 0.0% 0.3% 0.9% 1.0% 0.9% 0.9% Q3'24 0.0% 0.3% 0.9% 1.0% 0.9% 0.9% Q4'24 0.0% 0.3% 0.9% 1.0% 1.0% 1.0% Q1'25 0.1% 0.3% 0.9% 0.9% 0.9% 0.9% Q2'25 0.1% 0.5% 1.2% 1.3% 1.3% 1.2% Q3'25 0.1% 0.4% 1.1% 1.2% 1.2% 1.1% Q4'25 0.1% 0.3% 1.1% 1.1% Global (Ex-US) Cumulative Net Charge-offs Pay Later - Months since origination 3 4 5 6 7 8 Q1'24 0.0% 0.0% 0.0% 0.0% 0.2% 0.2% Q2'24 0.0% 0.0% 0.0% 0.0% 0.2% 0.2% Q3'24 0.0% 0.0% 0.0% 0.1% 0.2% 0.2% Q4'24 0.0% 0.0% 0.0% 0.1% 0.2% 0.2% Q1'25 0.1% 0.1% 0.1% 0.1% 0.2% 0.3% Q2'25 0.0% 0.0% 0.0% 0.1% 0.2% 0.3% Q3'25 0.0% 0.0% 0.0% 0.1% 0.2% 0.3% Q4'25 0.0% 0.0% 0.0% 0.1%

Amounts in USD millions Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Cash and cash equivalents 3,243 4,105 5,504 6,795 3,803 2,806 2,672 Debt securities 454 1,188 1,381 1,657 1,518 2,132 2,593 Consumer receivables 8,141 8,124 9,950 10,095 10,459 9,166 8,831 Consumer receivables at fair value through OCI — — — — 386 542 718 Consumer receivables at fair value through profit and loss* 2 112 9 111 400 124 204 Other financial assets at amortized cost — — — — — 776 526 Settlement, trade and other receivables 493 501 699 553 580 855 544 Property and equipment 85 87 64 54 60 62 34 Goodwill 613 643 680 681 685 671 664 Intangible assets 376 397 402 392 383 358 345 Deferred tax assets 33 34 28 36 36 26 25 Other assets* 364 335 472 408 487 470 610 Total Assets 13,804 15,526 19,189 20,782 18,797 17,988 17,766 Accounts payable and accrued expenses 572 524 547 562 655 545 546 Consumer deposits 9,510 10,843 13,970 13,972 13,003 12,301 11,673 Payables to merchants 696 987 1,168 753 736 855 934 Notes payable and other borrowings 513 534 727 2,623 1,359 1,415 1,687 Deferred tax liabilities 1 1 1 3 2 3 3 Other liabilities 255 294 266 249 358 235 256 Total Liabilities 11,547 13,183 16,679 18,162 16,113 15,354 15,100 Share capital — — — 4,199 — — — Additional paid in capital 4,646 4,654 4,805 892 427 450 458 Other equity instruments — — — — — — — Reserves (479) (282) (184) (170) (90) (165) (213) Retained Earnings (Accumulated deficit) (2,081) (2,202) (2,283) (2,472) 2,170 2,173 2,196 Total equity excluding non-controlling interests 2,086 2,170 2,338 2,449 2,507 2,458 2,441 Non-controlling interests 171 173 172 171 177 176 225 Total equity 2,257 2,343 2,510 2,620 2,684 2,634 2,666 Total equity and liabilities 13,804 15,526 19,189 20,782 18,797 17,988 17,766 *Note: Prior to Q4'25, Consumer receivables at fair value through profit and loss was presented in Other assets. They are broken out here for convenience Rounding effects may be present in these tables

Amounts in USD millions Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Interest costs on funding 109 124 138 132 121 125 Fair value adjustment on loans sold and held for sale 21 23 42 78 50 46 Funding costs 130 147 180 210 171 171

GMV Amounts in USD millions Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Group 23,828 25,864 26,172 29,382 25,323 31,182 32,659 38,698 33,691 36,648 Charge card equivalent/ Pay Later 17,634 19,669 19,802 23,530 20,226 24,986 25,803 30,467 26,089 28,347 Point of sale Installments / Fair Financing 1,110 1,240 1,359 1,696 1,721 2,577 3,247 4,500 4,103 4,691 Everyday spending / Pay in Full 5,084 4,955 5,011 4,156 3,376 3,619 3,609 3,731 3,499 3,611 US 4,154 4,521 4,642 5,998 5,113 6,202 6,643 8,553 7,115 7,887 Charge card equivalent/ Pay Later 3,643 3,900 4,007 5,127 4,217 4,643 4,512 5,412 4,265 4,543 Point of sale Installments / Fair Financing 491 590 598 821 850 1,498 2,056 3,026 2,724 3,216 Everyday spending / Pay in Full 20 31 37 50 46 61 75 115 126 128 Global (Ex-US) 19,674 21,343 21,530 23,384 20,210 24,980 26,016 30,145 26,576 28,762 Charge card equivalent/ Pay Later 13,991 15,769 15,795 18,403 16,009 20,343 21,291 25,055 21,824 23,804 Point of sale Installments / Fair Financing 619 650 761 875 871 1,079 1,191 1,474 1,379 1,475 Everyday spending / Pay in Full 5,064 4,924 4,974 4,106 3,330 3,558 3,534 3,616 3,373 3,483 KPI metrics Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Active consumers (m) 83 84 87 92 98 111 114 118 119 120 ARPAC ($) 29.3 30.6 31.3 30.5 29.2 27.2 28.1 29.8 32.1 33.7 Merchant partners (k) 568 588 615 681 723 786 850 966 1,075 1,208

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 EX-99.1 PRESS RELEASE 12.2 KB
• EX-99.2 EX-99.2 EARNINGS RELEASE 51.3 KB
• EX-99.3 EX-99.3 INVESTOR PRESENTATION 4.8 KB
• EX-99.4 EX-99.4 KLARNA GROUP PLC INTERIM FINANCIAL STATEMENTS 86.5 KB
• EX-99.5 EX-99.5 FINANCIAL STATEMENTS AND SUPPLEMENTARY METRICS 14.8 KB