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Zip Co Limited (ASX:ZIP)

ALERT: Price-sensitive ASX Announcement for ZIP
Current share price for ZIP : $3.240 0.72 (28.57%)+
Announcement
Release
7 May 2026 8:26AM
Price at Release
$2.520
Full Release
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Summary
Zip Co Limited presented at the Macquarie Conference, detailing their trading update for April 2026. The company has shown robust growth in both its core markets, Australia/New Zealand and the US, with significant increases in transaction volume and total income. Zip's business model focuses on providing fair, flexible payment options, which has allowed it to grow its customer base to 6.3 million active users. The company reported a 22.4% year-on-year increase in transaction volume, a 20.2% rise in total income, and a 41.5% increase in cash EBTDA. The US market is a significant growth area, with a year-on-year increase in transaction volume over 40%. The company emphasized its strong product innovation and scalable platform, further enhanced by investments in AI.
Key Points
  • Zip Co Limited presented at the Macquarie Conference on 7 May 2026.
  • The company reported robust growth in transaction volume, total income, and cash EBTDA.
  • Zip has 6.3 million active customers across Australia/New Zealand and the US.
  • US market transaction volume grew over 40% year-on-year.
  • Investments in AI and product innovation are core to Zip's growth strategy.
  • The company continues to expand its flexible and fair digital payment options.
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.