SEZL Q1 2026 Earnings
Reported May 6, 2026 at 4:03 PM ET · SEC Source
Q1 26 EPS
$1.43
BEAT +15.70%
Est. $1.24
Q1 26 Revenue
$135.5M
BEAT +4.94%
Est. $129.2M
vs S&P Since Q1 26
+54.4%
BEATING MARKET
SEZL +54.7% vs S&P +0.3%
Market Reaction
Did SEZL Beat Earnings? Q1 2026 Results
Sezzle delivered a standout first quarter for 2026, beating Wall Street on both top and bottom lines as the buy-now-pay-later platform posted revenue of $135.54 million, up 29.2% year over year and ahead of the $129.16 million consensus by 4.94%. Adj… Read more Sezzle delivered a standout first quarter for 2026, beating Wall Street on both top and bottom lines as the buy-now-pay-later platform posted revenue of $135.54 million, up 29.2% year over year and ahead of the $129.16 million consensus by 4.94%. Adjusted EPS of $1.43 cleared the $1.24 estimate by 15.70%, with the outperformance driven largely by deepening consumer engagement; average quarterly purchase frequency climbed to a record 7.1 times, while active subscribers surged 48.4% and gross merchandise volume rose 37.3% to approximately $1.10 billion. Operating leverage was equally compelling, with provision for credit losses contracting to 1.2% of GMV from 1.6% a year ago, helping push net income up 41.9% to $51.30 million. A newly announced partnership with Pagaya Technologies to integrate AI-driven underwriting added further momentum to the growth story. Management rewarded the strong results by raising full-year 2026 guidance, lifting adjusted net income per diluted share to $5.10 from $4.70 and nudging the revenue growth outlook to 30-35%.
Key Takeaways
- • Record average quarterly purchase frequency of 7.1x, up from 6.1x in Q1 2025
- • Active Subscribers grew 48.4% YoY
- • MODS totaled 887,000, up 34.8% YoY
- • GMV increased 37.3% YoY to approximately $1.1 billion
- • Provision for credit losses improved to 1.2% of GMV from 1.6%, reflecting favorable consumer repayment performance
- • Transaction related costs fell to company-low 3.2% of GMV from 3.8%
- • Operating expenses as % of total revenue fell 3.3 percentage points to company-low 49.1%
SEZL Forward Guidance & Outlook
Sezzle raised its full-year 2026 guidance across all metrics: Total Revenue Growth increased to 30-35% (from 25-30%), Adjusted Net Income raised to $180.0 million (from $170.0 million), and Adjusted Net Income Per Diluted Share raised to $5.10 (from $4.70). Previous November 2025 guidance had Adjusted Net Income Per Diluted Share at $4.35.
SEZL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“This quarter's results demonstrate the impact of the consumer engagement strategy we advanced throughout 2025. Average quarterly purchase frequency reached a new Company high of 7.1x and Active Subscribers grew 48.4% year over year, reflecting the growing value consumers see in Sezzle. The engagement flywheel we built is working, and our strong first quarter performance gives us the confidence to raise FY2026 Adjusted Net Income guidance to $180 million and Adjusted Net Income per Diluted Share guidance to $5.10.”
— Charlie Youakim, Q1 2026 Earnings Press Release
SEZL Earnings Trends
SEZL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SEZL EPS Trend
Earnings per share: estimate vs actual
SEZL Revenue Trend
Quarterly revenue: estimate vs actual
SEZL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.24 | $1.43 | +15.70% | $135.5M | +4.94% |
| Q4 25 BEAT FY | $0.96 | $1.21 | +26.04% | $129.9M | +1.79% |
| FY Full Year | — | $3.59 | — | $450.3M | — |
| Q3 25 BEAT | $0.65 | $0.71 | +9.23% | $116.8M | +11.55% |
| Q2 25 BEAT | $0.58 | $0.69 | +18.97% | $98.7M | +3.97% |