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Zip Co Limited (ASX:ZIP)

ALERT: Price-sensitive ASX Announcement for ZIP
Current share price for ZIP : $3.200 0.38 (13.48%)+
Announcement
Release
19 Feb 2026 8:41AM
Price at Release
$2.820
Full Release
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Summary
Zip Co Limited, an Australian digital payment services company, announced its half-year results for the six months ending 31 December 2025, showing significant growth and profitability. The company reported a record cash EBTDA of $124.3 million, up 85.6% from the previous year, and an operating margin improvement to 18.7%. Total transaction volume reached $8.4 billion, driven by a strong performance in the US market, where TTV and revenue increased by 44.2% and 46.4% respectively. The company's active customer base grew to 6.6 million, and merchants using the platform increased to 90.6k. Zip continues to expand its services, including the launch of the Pay-in-2 option in the US, which allows customers more flexibility for everyday purchases. The company also completed a $100 million share buyback and is considering a dual listing on a US stock exchange, subject to market conditions. The outlook for the remainder of FY26 is positive with upgraded guidance for operating margin and cash EBTDA as a percentage of TTV.
Key Points
  • Record cash EBTDA of $124.3m, up 85.6% from 1H25
  • Operating margin improved to 18.7%
  • TTV reached $8.4 billion, up 34.1% from 1H25
  • US market TTV and revenue grew by 44.2% and 46.4% respectively
  • Active customers increased to 6.6 million
  • Merchants on platform increased to 90.6k
  • Net bad debts at 1.7% of TTV
  • Completed $100m share buyback
  • Considering dual listing on US stock exchange
  • Positive outlook with upgraded FY26 guidance
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.