{
  "source_url": "https://www.sec.gov/Archives/edgar/data/2003292/000200329226000007/klar-20251231.htm",
  "document": "Klarna Group plc 2025 Form 20-F",
  "filed": "2026-02-26",
  "as_of": "2025-12-31",
  "local_document": "klarna-2025-20f.html",
  "facts": [
    {"id":"pay_later_mix","value":80,"unit":"percent_of_gmv","label":"as reported","page":"159-160","note":"FY2025 payment-option mix; excludes KCO unbranded channels."},
    {"id":"fair_financing_mix","value":9,"unit":"percent_of_gmv","label":"as reported","page":"159-160","note":"FY2025 payment-option mix; excludes KCO unbranded channels."},
    {"id":"pay_in_full_mix","value":11,"unit":"percent_of_gmv","label":"as reported","page":"159-160","note":"FY2025 payment-option mix; excludes KCO unbranded channels."},
    {"id":"gmv","value":127862,"unit":"usd_millions","label":"as reported","page":"157","note":"FY2025 GMV including KCO where applicable."},
    {"id":"revenue","value":3509,"unit":"usd_millions","label":"as reported","page":"138","note":"FY2025 total revenue."},
    {"id":"transaction_margin_dollars","value":1238,"unit":"usd_millions","label":"as reported","page":"138","note":"Non-IFRS; revenue less processing and servicing, credit-loss provision, and funding costs."},
    {"id":"adjusted_operating_profit","value":65,"unit":"usd_millions","label":"as reported","page":"139","note":"Non-IFRS."},
    {"id":"revenue_2024","value":2811,"unit":"usd_millions","label":"as reported","page":"138"},
    {"id":"transaction_margin_dollars_2024","value":1217,"unit":"usd_millions","label":"as reported","page":"138"},
    {"id":"adjusted_operating_profit_2024","value":181,"unit":"usd_millions","label":"as reported","page":"139"},
    {"id":"credit_loss_rate","value":0.63,"unit":"percent_of_gmv","label":"as reported","page":"132-133","note":"Consolidated provision for credit losses; Fair Financing has higher upfront provisions than Pay Later."},
    {"id":"funding_cost_rate","value":0.52,"unit":"percent_of_gmv","label":"as reported","page":"133","note":"Consolidated funding costs."},
    {"id":"processing_cost_rate","value":0.63,"unit":"percent_of_gmv","label":"as reported","page":"132","note":"Consolidated processing and servicing costs."},
    {"id":"pay_later_wal","value":27,"unit":"days","label":"as reported","page":"151,157"},
    {"id":"fair_financing_wal","value":109,"unit":"days","label":"as reported","page":"151,157"}
  ],
  "calculations": [
    {"id":"revenue_per_gmv","value":2.744,"unit":"percent","label":"our calc","formula":"3509 / 127862","inputs":["revenue","gmv"]},
    {"id":"transaction_margin_per_gmv","value":0.968,"unit":"percent","label":"our calc","formula":"1238 / 127862","inputs":["transaction_margin_dollars","gmv"]},
    {"id":"incremental_transaction_margin_conversion","value":3.009,"unit":"percent","label":"our calc","formula":"(1238 - 1217) / (3509 - 2811)","inputs":["transaction_margin_dollars","transaction_margin_dollars_2024","revenue","revenue_2024"]},
    {"id":"incremental_adjusted_operating_conversion","value":-16.619,"unit":"percent","label":"our calc","formula":"(65 - 181) / (3509 - 2811)","inputs":["adjusted_operating_profit","adjusted_operating_profit_2024","revenue","revenue_2024"]}
  ],
  "omissions": [
    "Klarna does not disclose product-level take rate, processing cost, credit-loss rate, funding cost, or transaction margin for Pay Later or Fair Financing.",
    "The filing reports IFRS 9 expected credit losses (ECL), not U.S.-GAAP CECL; no CECL number is presented.",
    "A product-attributed core earnings estimate and numerical future earnings forecast are omitted because they would require undisclosed inputs or invented margin assumptions."
  ]
}