Sweden's Qliro lifts Q3 net revenue 21% on strong SME payment growth
Swedish fintech Qliro reported Q3 net revenue up 21% year on year and a small operating profit, against a loss a year earlier.
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what happened
According to Reuters, Sweden's fintech company Qliro posted third-quarter net revenue up 21% year on year. The company swung to a small operating profit from a loss in the same period last year.
The small and medium-sized business segment accounted for more than half of the payment volume growth. The company said this made its merchant base steadier and more profitable. Adjusted operating expenses were flat on the prior year, and credit losses as a share of payment volume fell to 0.52% from 0.61%.
The company gave no specific guidance for future quarters in its press release. According to LSEG data, the shares have one analyst rating, a buy, and recently traded at about 9 times the next 12-month earnings, versus 12 three months earlier.
why it matters
The report concerns a small company and has limited effect on broad markets. For investors in Swedish fintech, the key points are lower credit losses and growth from small-business payments rather than the one-off profit swing.
market impact
Qliro and Swedish fintech: better credit portfolio quality supports sentiment toward the company's shares
tags
instruments
sources
- Sweden's Qliro Q3 net revenue rises on strength in SME segment — Reuters, 22 October 2026 at 05:45 UTC
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