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% quarter-over-quarter from $74.6 million in Q4 2025.
Analysis
Sezzle (SEZL) Operating Expenses (2020 - 2026) Analysis & Trends
Sezzle's Operating Expenses history runs 7 years deep, the most recent figure standing at $66.5 million for 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 for Q1 2026 stood at $66.5 million, 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.
- The 5-year median for Operating Expenses is $42.8 million (2022), against an average of $48.2 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses plunged 48.2% in 2022, then soared 65.99% in 2025.
- Sezzle's Operating Expenses stood at $33.5 million in 2022, then grew by 22.96% to $41.2 million in 2023, then jumped by 63.34% to $67.4 million in 2024, then gained by 10.79% to $74.6 million in 2025, then declined by 10.88% to $66.5 million in 2026.
- Business Quant data shows SEZL's Operating Expenses at $66.5 million in Q1 2026, $74.6 million in Q4 2025, and $81.2 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 4.76 Bn |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 3.69 Bn |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 14.48 Bn |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 9.04 Bn |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 7.26 Bn |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | 1.02 Bn |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 1.33 Bn |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 1.00 Bn |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 1.32 Bn |
| 10 | Sezzle | 4.18 Bn | 4.09 Bn | - | 94.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 94.72 Mn |
| 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 |