Sezzle Inc. Common Stock Q3 2026 Earnings Recap

Sezzle’s shares rose 13.4% after the company reported 42.6% revenue growth and raised its 2026 outlook, with preliminary 2027 adjusted EPS guidance of $7.20. Subscriber growth and higher transaction frequency also point to deeper engagement, though newer products SezzleCash and Sezzle Send remain early-stage.

Key Takeaways

• Total transaction volume grew 34.9% year over year and revenue rose 42.6%; net income was $47.8 million and adjusted EBITDA was $70.2 million.
• Active subscribers reached 955,000, up 68.1% year over year, including 101,000 net additions in Q3. Average quarterly transaction frequency increased to 7.8x from 6.5x a year earlier.
• Sezzle lowered marketing spend to $15.9 million from $19.4 million in Q2 while continuing to add subscribers; management said the lower run rate provides a margin of safety while meeting its six-month marketing-payback threshold.
• The company raised its full-year outlook to approximately 42.5% revenue growth, $190 million of adjusted net income and $5.45–$5.50 adjusted EPS; it also introduced preliminary 2027 adjusted EPS guidance of $7.20.
• Product traction is mixed: Pay-in-5 has become a widely used offering, SezzleCash is still too small to contribute significantly, and Sezzle Send needs further refinement.