Sezzle (SEZL) Operating Expenses (2020 - 2026)

Sezzle (SEZL) posted quarterly Operating Expenses of $66.5 million for Q1 2026, up 20.88% year-over-year from $55.0 million in Q1 2025, and down 10.88% on a QoQ basis from $74.6 million in Q4 2025.

Sezzle (SEZL) Operating Expenses (2020 - 2026) Analysis & Trends

Sezzle (SEZL) has reported Operating Expenses for 7 consecutive years, with $66.5 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 20.88% year-over-year to $66.5 million; the TTM figure through Mar 2026 stood at $285.0 million (up 35.22% YoY), while the FY2025 annual figure was $273.5 million, up 44.79% from the prior year.
  • Operating Expenses came in at $66.5 million for Q1 2026 at Sezzle, down from $74.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $81.2 million in Q3 2025, with the low at $23.9 million in Q3 2022.
  • Average Operating Expenses over 5 years is $48.2 million, with a median of $42.8 million recorded in 2022.
  • Across the five-year window, Operating Expenses slumped 48.2% in 2022 and jumped 65.99% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $33.5 million in 2022, then advanced by 22.96% to $41.2 million in 2023, then surged by 63.34% to $67.4 million in 2024, then increased by 10.79% to $74.6 million in 2025, then slipped by 10.88% to $66.5 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $66.5 million, $74.6 million, and $81.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 4.00 Bn
2 Mastercard 465.55 Bn 455.34 Bn - 3.49 Bn
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 13.88 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 6.87 Bn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 950.34 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 891.92 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 1.24 Bn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 422.90 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -363.39 Mn
10 Sezzle 5.91 Bn 5.79 Bn - 66.50 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 66.50 Mn
Dec 31, 2025 74.62 Mn
Sep 30, 2025 81.24 Mn
Jun 30, 2025 62.62 Mn
Mar 31, 2025 55.02 Mn
Dec 31, 2024 67.35 Mn
Sep 30, 2024 49.12 Mn
Jun 30, 2024 39.27 Mn
Mar 31, 2024 33.14 Mn
Dec 31, 2023 41.23 Mn
Sep 30, 2023 35.49 Mn
Jun 30, 2023 31.17 Mn
Mar 31, 2023 29.25 Mn
Dec 31, 2022 33.53 Mn
Sep 30, 2022 23.91 Mn
Jun 30, 2022 42.80 Mn
Mar 31, 2022 53.76 Mn
Dec 31, 2021 57.28 Mn
Sep 30, 2021 46.16 Mn
Jun 30, 2021 45.20 Mn