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| 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 |