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Sezzle (SEZL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Sezzle (SEZL) Q3 2026 earnings results →
Q3 2026 Revenue up 43% year over year to $167M · 29¢ of every $1 of revenue kept as net profit · operating margin 38.6%
Sezzle made $167M in Q3 2026 (+43% Y/Y). Operating margin 38.6%, net earnings $47.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $166.5M in Q3 2026, up 43% year over year and up 11% from the previous quarter.
Operating profit was $64.3M, a 38.6% margin (up 8.1 points year over year). Of the extra revenue versus Q3 2025, 58% reached operating profit, above the 30% margin then. Total costs grew 26% against revenue growth of 43%. The fastest-growing cost line was Sales & marketing (+81%). Net earnings were $47.8M, up 79% year over year. The effective tax rate was 22.1%.
Operating cash flow was $86.7M (up 36% year over year), 181% of net earnings. Non-cash charges added back $559K of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $35.4M. Capital expenditures of $178K left free cash flow of $86.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $167M | +43% | 38.6% | $47.8M | $86.7M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $150M | +52% | 36.7% | $40.8M | $52.2M |
| Q1 2026 | 10-Q | May 7, 2026 | $136M | +29% | 50.9% | $51.3M | $89.0M |
| Q4 2025 | 10-K | Feb 26, 2026 | $130M | +32% | 42.5% | $42.7M | $70.6M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $117M | +67% | 30.4% | $26.7M | $33.1M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $98.7M | +76% | 36.6% | $27.6M | −$36.3M |
| Q1 2025 | 10-Q | May 8, 2025 | $105M | +123% | 47.6% | $36.2M | $58.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Sezzle
Unless otherwise noted, references in this Form 10-K to “we,” “us,” “our,” “Company,” or “Sezzle” refer collectively to Sezzle Inc. and our subsidiaries. We are a purpose-driven payments company on a mission to financially empower the next generation. Launched in 2017, we have built a digital shopping and payments platform that provides consumers a flexible alternative to traditional credit. Through our products, we aim to give consumers control of their spending, ways to save money, and access to responsible credit. Our vision is to create a digital ecosystem benefiting all of our stakeholders—including merchants, consumers, employees, communities, and investors—while continuing to drive ethical and sustainable growth.
In its own words, from its 10-K, filed Feb 26, 2026.
Sezzle against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +43% against the peers' median +13%. Operating margin: 38.6% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SEZL Sezzle | Q3 2026 | $167M | +43% | 38.6% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: Sezzle 10-Q on SEC EDGAR · CIK 1662991 · Services-Business Services, NEC
Guidance and outlook
13F: who owns SEZL and who is buying
More on SEZL
- How Sezzle makes money: revenue by segment
- Sezzle next earnings date and what analysts expect
- Sezzle stock forecast, price target and fair value
- Who owns Sezzle stock: holders, funds and Congress trades
- Sezzle guidance and outlook
- Is Sezzle a takeover target? LBO and rumors
- Sezzle recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results