Zip Stock Earnings Reports

Zip reported its strongest financial year in FY'25 with cash earnings up 147% to $170.3m and total income above $1bn. Key drivers were a standout U.S. performance (now ~71% of TTV) with TTV and revenue growth >40% in the U.S., returning ANZ TTV growth (5.5% FY, 13.2% H2), improved credit metrics (group net bad debts ~1.5% of TTV) and operating leverage that nearly doubled operating margin to 15.8%. Active customers and engagement rose (6.3m customers; U.S. active customers +11% YoY and monthly transacting users +~20%), Pay-in-8 and Pay-in-4 product expansion increased product mix, and partnerships (Google, Stripe, channel/embedded) boosted distribution. Funding and balance sheet strength improved with no corporate debt at year end, expanded facilities (including a new AU $400m warehouse and a $300m ABS), available cash rising to $230.8m by 31 Jul 2025, and $509m of facility headroom. Management signaled continued focus on profitable growth, AI and product innovation (Fearless Frontiers), potential NASDAQ dual listing (subject to approvals), and FY'26 guidance that includes U.S. TTV growth of at least 35%, cash NTM 3.8%–4.2%, operating margin 16%–19% and cash EBTDA as a percentage of TTV above FY'25 levels.