Sezzle (SEZL, Financial) just delivered a mic-drop moment for investors. The digital payments juggernaut reported Q3 2024 revenue growth of 71.3%, with total sales hitting $70 million. Net income didn't just grow—it exploded, shooting up over 1,000% year-over-year to $15.4 million ($2.62 per share). Meanwhile, its merchant sales climbed 40.6%, thanks to a surge in consumer engagement. Translation? The company is firing on all cylinders, balancing jaw-dropping top-line growth with cost discipline that's driving record operating margins of 29.8%. Investors responded with a 75% leap in Sezzle's stock price, and it's easy to see why.
But the real game-changer? Sezzle's bold move into banking. Through a partnership with WebBank, the company launched its first-ever On-Demand Pay-in-4 program, giving consumers the power to split purchases anywhere Visa is accepted. This move not only expands Sezzle's addressable market but also locks in its spot as a leader in financial innovation. CEO Charlie Youakim called the quarter “transformative,” pointing to the company's success in scaling efficiently while staying laser-focused on customer needs. Expenses grew at a manageable 38.4%, proving Sezzle's ability to innovate without losing control of its bottom line.
Looking ahead, Sezzle isn't slowing down. Management raised its full-year guidance, now projecting $71.5 million in net income—smashing previous estimates. With the holiday season around the corner and new product rollouts underway, the company is positioned to keep the momentum going. Investors and analysts alike are taking note, as Sezzle steps into a new era of fintech dominance. If you're not watching this stock, you might be missing the next big thing in digital payments.
