Macquarie Conference Presentation and April Trading Update
| Stock | ZIP Co Ltd (ZIP.ASX) |
|---|---|
| Release Time | 7 May 2026, 8:26 a.m. |
| Price Sensitive | Yes |
Zip Provides Macquarie Conference Presentation and April Trading Update
- Differentiated and resilient customer base in the US, serving the underestimated American
- Proven expertise in profitably underwriting everyday Americans, with over 98% of transactions repaid in full
- Diverse and highly-engaged customer base of Australians and New Zealanders, representing ~10% of the Australian adult population
Zip Co Limited (ASX: ZIP) provided a copy of the presentation to be given by the Group CEO and Managing Director, Cynthia Scott, at the Macquarie Group Conference on 7 May 2026. The presentation includes an update on Zip's trading conditions and performance for the month of April 2026. Key highlights include:- In the US, year-on-year TTV growth for April was above 40% (in USD), with the company serving 4.6 million active customers, a differentiated and resilient customer base that has been underestimated by traditional financial services providers.- Zip's AI-driven models have delivered strong credit outcomes, with net bad debts written off including recoveries as a percentage of TTV forecasted to be less than 1.75% in Q4 2026.- In the ANZ market, Zip serves 1.9 million highly-engaged customers, representing around 10% of the Australian adult population, with a diverse product set meeting the needs of Australians and New Zealanders.- The company's resilient business model continues to drive increased profitability at scale, with Q3 2026 Group highlights including a 41.5% year-on-year increase in cash EBTDA, a 22.4% increase in TTV, and a 20.2% increase in total income.- Zip reconfirmed its FY26 guidance metrics, including a Group cash EBTDA of no less than $260 million and a Group cash net transaction margin of 3.8-4.2%.
Zip reconfirms its FY26 guidance metrics, including a Group cash EBTDA of no less than $260 million and a Group cash net transaction margin of 3.8-4.2%.
Zip's resilient business model continues to drive increased profitability at scale, with momentum across both the US and ANZ markets. The company is well-positioned to capitalize on the significant opportunity in the US market, while maintaining its strong position in the ANZ region.