Last 29 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 2023.88 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.92 | 3.77 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 2.19 | 5.20 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 9.44 | 7.21 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 39.17 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Klarna Group plc's operating margin was -9.2% in Q3 2025, down 3.6 pp QoQ and up 0.8 pp YoY. Gross margin expanded 514.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.7% | 56.1% | 49.9% | 75.5% | 77.6% | -13.5% | 77.7% | 44.5% | -23.1% | 64.4% | 59.0% | 59.0% | 59.0% |
| — | +514.4% | -35.7% | +69.5% | +435.7% | -121.1% | +31.8% | -24.5% | -139.2% | +9.0% | -13.2% | -13.2% | -18.2% | |
| Operating Margin | -4.5% | -9.2% | -5.6% | -13.5% | -4.6% | -10.0% | -10.2% | -23.9% | -23.7% | -44.9% | -83.2% | -83.2% | -62.4% |
| — | +7.8% | +45.1% | +43.7% | +80.6% | +77.8% | +87.7% | +71.3% | +62.0% | +28.1% | -229.2% | -229.2% | -321.5% | |
| Net Margin | 0.1% | -10.5% | -6.3% | -15.1% | -5.1% | -3.6% | -2.7% | -25.3% | -32.7% | -43.2% | -82.8% | -82.8% | -72.7% |
| — | -189.1% | -135.0% | +40.2% | +84.4% | +91.6% | +96.8% | +69.5% | +55.0% | +40.5% | -319.8% | -319.8% | -483.3% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.1% | -3.7% | -2.1% | -4.4% | -1.4% | -1.2% | -0.7% | -5.2% | -10.6% | -8.7% | -15.3% | -14.0% | -11.4% |
| — | -215.0% | -202.3% | +14.1% | +86.7% | +86.5% | +95.4% | +62.9% | +6.5% | +26.1% | -415.6% | -294.5% | -319.0% | |
| ROA | 0.0% | -0.5% | -0.3% | -0.7% | — | -0.2% | -0.1% | — | -2.1% | -1.6% | -2.7% | -2.8% | -2.6% |
| — | -152.8% | -145.2% | — | — | +88.3% | +95.4% | — | +21.2% | +47.4% | -202.0% | -197.5% | -314.6% | |
| ROIC | -218.7% | — | — | -12.9% | -1.7% | -15.6% | -3.2% | -4.6% | -9.5% | -7.6% | -9.5% | -10.6% | -8.8% |
| — | — | — | -183.1% | +81.9% | -104.4% | +66.4% | +56.9% | -7.2% | +6.1% | -250.9% | -245.6% | -340.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 94.3% YoY to 0.96x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q4 '23 | Q3 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 1.00 | 0.32 | 0.26 | — | 0.20 | 0.20 | — | 0.27 | 0.27 | 0.55 | 0.55 | 0.47 |
| — | +392.1% | +64.2% | — | — | -26.0% | -64.2% | — | -42.0% | -42.0% | +66.1% | +66.1% | -14.6% | |
| Debt / EBITDA | 11.63 | — | 162.00 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.21 | 0.96 | 0.93 | 1.05 | — | 16.89 | 1.37 | — | 1.55 | 1.55 | 12.79 | 12.79 | 1.87 |
| — | -94.3% | -32.2% | — | — | +989.2% | -89.3% | — | -17.2% | -17.2% | -31.5% | -31.5% | +3.4% | |
| Quick Ratio | 1.21 | 0.96 | 0.93 | 1.05 | — | 16.89 | 1.37 | — | 1.55 | 1.55 | 12.79 | 12.79 | 1.87 |
| — | -94.3% | -32.2% | — | — | +989.2% | -89.3% | — | -17.2% | -17.2% | -31.5% | -31.5% | +3.4% | |
| Interest Coverage | -0.24 | — | -0.35 | -0.69 | -0.25 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 29 years · Updated daily
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Start ComparisonKlarna Group plc's current P/E is 2023.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Klarna Group plc's current operating margin is -4.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Klarna Group plc's business trajectory between earnings reports.