Quarterly GMV of Klarna 2019-2023, in domestic currency and USD
Klarna's global gross merchandise volume or GMV continued to grow in 2023, increasing by over 40 billion USD between Q3 2022 and Q3 2023. GMV measures the value of the products sold through the Klarna platform, and is essentially the same as the company's sales value. From these sales, Klarna take commissions and merchants fees to make up their revenue stream. Klarna's revenue — like the GMV — increased in the first quarter of 2022, but the company's profit did not.