Interim Report for January-March 2026

PROFITABILITY AND ACCELERATED INCOME GROWTH ACHIEVED

On May 6, 2026, Qliro released its interim report for January-March 2026. Below you'll find the highlights for the quarter.
Read report Read press release
Feed2

Highlights – First quarter 2026

Qliro reached profitability in Q1 2026, in line with previous guidance. Revenue grew 19% to SEK 120.6 million while the operating profit improved to SEK 0.2 million (–15.1).

The improvement was driven by continued BNPL growth of 41%, improved credit quality with the debt collection export ratio down 19%, and a lower cost base following the restructuring program.

During the first two months of the year, Qliro signed agreements corresponding to SEK 2 billion in transaction volume across more than 100 new merchants.

Following the end of the quarter, a rights issue with an accompanying over-allotment issue was completed and raised approximately SEK 101 million, with a 191% subscription rate.

  • 0%

    TPV growth, y/y

    Total payment volume (TPV) for all payment methods offered. This volume plays a key role in Qliro’s earnings and the dynamics of the earnings structure, as well as the structure of the loan portfolio.

  • 0%

    Number of merchants, growth y/y

    The number of merchants is a key metric in analysing the growth forecast for Pay Later volumes.

Christoffer

"In the first quarter of 2026, in line with the company’s expressed ambition, Qliro achieved profitability and accelerated income growth. Income grew by +19% and operating profit improved to SEK 0.2 (–15.1) million. This is the result of sustained income growth driven by growth within BNPL, decreased credit losses and the restructuring measures we presented in the third quarter 2025. At the same time, the total payment volume increased by +38% and there was an increase of around +150% in new merchants. We are optimistic about 2026 and expect to continue to deliver strong growth with profitability for the full year, in line with our ambition to become market leader in the Nordics."

– Christoffer Rutgersson, CEO Qliro

KPIs for the quarter

Below you can download Qliro's KPIs for the first quarter.

During the quarter, we reclassified certain lending-related fees from net commission income to net interest income. Presenting them under net interest income better reflects our lending economics and aligns with the effective interest method under IFRS 9.

The reclassification is purely presentational and does not affect total net revenue or profitability. The line-by-line impact is specified on page 16 of the Q1 2026 interim report, and restated historical KPIs are available in the file below.
Download KPIs

Subscribe to press releases