Sezzle (SEZL) Operating Expenses (2020 - 2026)

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

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

Sezzle has reported Operating Expenses for 7 years, with the latest figure at $66.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 20.88% year-over-year to $66.5 million; the trailing twelve-month figure through Mar 2026 stood at $285.0 million (up 35.22% YoY), and the FY2025 full-year result 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.
  • Historically, Operating Expenses has averaged $48.2 million across 5 years, with a median of $42.8 million in 2022.
  • Annual changes were most pronounced in 2022 — Operating Expenses sank 48.2% — and 2025, when it jumped 65.99%.
  • 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.
  • The last three Operating Expenses figures came in at $66.5 million (Q1 2026), $74.6 million (Q4 2025), and $81.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 541.66 Bn 529.25 Bn - 4.00 Bn
2 Mastercard 437.55 Bn 427.34 Bn - 3.49 Bn
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 13.88 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn - 8.46 Bn
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 6.87 Bn
6 Synchrony Financial 24.26 Bn 3.70 Bn - 1.32 Bn
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn 950.34 Mn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn 891.92 Mn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn 1.24 Bn
10 Sezzle 3.92 Bn 3.79 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