FY26 Results Update

• Record cash EBTDA of $268.9m, up 57.9%
• Operating margin expanded to 20.0%
• Total transaction volume (TTV) grew to $16.7b, up 27.2%
• Net bad debts at 1.77% of TTV
• Material increase in statutory net profit after tax to $116.4m

ZIP Co Ltd reported its full-year results for FY26, highlighting a significant increase in cash earnings before tax, depreciation, and amortisation (EBTDA) to $268.9m, up 57.9% from the previous year. The company achieved an operating margin of 20.0%, up from 15.8% in FY25. Total transaction volume (TTV) grew by 27.2% to $16.7 billion, with US TTV up 42.5% in USD terms. Net bad debts remained at 1.77% of TTV, in line with management targets. The company also saw a material increase in statutory net profit after tax to $116.4m, up 45.7% from FY25. ZIP Co Ltd plans to continue its growth strategy in FY27, targeting a Group cash EBTDA of $340m, representing a 26% increase year on year.

FY27 Group cash EBTDA guidance of $340m, up 26% year on year

In FY27, ZIP Co Ltd expects US TTV growth greater than 30% (in USD), Group revenue margin of circa 8%, Group cash net transaction margin of 3.8% - 4.0%, Group operating margin of 20% - 22%, and Group cash EBTDA of $340m.