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| Date | Value |
|---|---|
| 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 |