Klarna Stock Drops 22% After Executive Exits and Lowered Guidance

Klarna saw its stock price fall approximately 22% after announcing a leadership transition and tempering its full-year revenue and volume growth guidance. The company now expects full-year revenue to fall between $4.08 billion and $4.16 billion, attributing the lowered outlook to weak retail spending in Germany.

As part of the transition, CFO Niclas Neglén and CMO David Sandström will exit their roles by early 2027. CEO Sebastian Siemiatkowski described Neglén as a trusted partner who helped lead the company through its September 2025 public listing on the New York Stock Exchange.

Despite the guidance cut, the company reported a surprise net profit of $9 million and second-quarter revenue of $1.04 billion, representing a 27% year-over-year increase. Klarna has begun searching for a new CFO to be based in New York, a move intended to signal a strategic shift toward deeper engagement with U.S. capital markets and investors.