Q2 26 EPS Adjusted
$1.13
BEAT +11.33%
Est. $1.02
Adjusted net income excludes a $1.928 million discrete tax benefit and includes $0.443 million in corporate strategic project costs (antitrust suit and bank charter application professional services)
Q2 26 Revenue
$149.7M
BEAT +10.82%
Est. $135.1M
Market Reaction
Did SEZL Beat Earnings? Q2 2026 Results
Sezzle Inc. Posted a blowout second quarter of 2026, beating Wall Street on both the top and bottom lines for the fourth consecutive quarter as the buy-now-pay-later company's aggressive push into subscriber growth translated directly into accelerati… Read more Sezzle Inc. Posted a blowout second quarter of 2026, beating Wall Street on both the top and bottom lines for the fourth consecutive quarter as the buy-now-pay-later company's aggressive push into subscriber growth translated directly into accelerating revenue. Adjusted EPS came in at $1.13, beating the $1.01 consensus by 11.33%, while total revenue climbed 51.6% year-over-year to $149.68 million, topping estimates of $135.07 million by 10.82%. The primary engine behind the numbers was a 76.4% year-over-year surge in active subscribers to 854,000, fueled by marketing spend that more than doubled to $19.40 million, lifting average purchase frequency to a company high of 7.2 times. Despite the strong results, shares fell sharply in after-hours trading as investors focused on rising non-transaction-related expenses as a percentage of revenue. Management raised full-year guidance for the third time, lifting adjusted net income to $185.00 million and adjusted net income per diluted share to $5.25, reflecting confidence that new product launches, including SezzleCash and the upcoming Sezzle Send, will sustain momentum through year-end.
Key Takeaways
- • Active Subscribers surged 76.4% YoY to 854,000, the largest YoY subscriber gain in company history
- • Average purchase frequency reached company high of 7.2x versus 6.1x in Q2 2025
- • Total Revenue as a percentage of GMV improved to 11.7% from 10.6% YoY
- • Marketing investment more than doubled to $19.4 million from $8.8 million YoY, driving subscriber acquisition
- • New $300 million credit facility reduced interest spread by nearly 290 basis points to SOFR plus 3.86%
SEZL Forward Guidance & Outlook
Sezzle raised FY2026 guidance for the third time: Total Revenue Growth now guided to the high end of the prior range at 35% (previously 30%–35%), Adjusted Net Income raised to $185.0 million from $180.0 million, and Adjusted Net Income per Diluted Share raised to $5.25 from $5.10. The provision for credit losses is tracking toward its FY2026 target range of 2.5%–3.0% of GMV.
SEZL YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“With SezzleCash now live and Sezzle Send launching in August, we are another step closer to realizing our vision of an all-in-one financial platform for our consumers. Every new product and feature gives consumers more ways to use Sezzle across their financial lives. Our new $300 million credit facility with Mesirow gives us the funding capacity to support future growth while also meaningfully lowering our cost of capital as we scale. This momentum supports our third raise to FY2026 guidance, taking Adjusted Net Income to $185 million and Adjusted Net Income per Diluted Share to $5.25.”
— Charlie Youakim, Q2 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT Adjusted net income excludes a $1.928 million discrete tax benefit and includes $0.443 million in corporate strategic project costs (antitrust suit and bank charter application professional services) | $1.02 | $1.13 | +11.33% | $149.7M | +10.82% |
| 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% |