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Zip posts record $268.9M cash earnings in FY26
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Zip posts record $268.9M cash earnings in FY26

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  • Zip reported full-year results for the 12 months ended June 30, delivering record cash EBITDA of $268.9 million.
  • The company's share price surged following the earnings release after outperforming prior market expectations.
  • Management stated that disciplined execution and strong US growth drove performance, prompting an upgraded FY27 cash EBITDA guidance target of $340 million.

Digital financial services provider Zip Co (ASX:ZIP) reported a statutory net profit after tax of $116.4 million for the financial year ended June 30, representing a 45.7% increase compared to the prior corresponding period.

Cash EBITDA came to $268.9 million.

"Consistent execution has built the platform to deliver our next phase of growth and innovation," said Zip Group CEO and Managing Director Cynthia Scott.

The company disclosed that total transaction volume grew 27.2% to $16.7 billion while total income increased 24.6% to $1.25 million.

Following the announcement, the Zip share price was up at $2.98 as management projected FY27 cash EBITDA of $340 million.

Zip US continued to perform very strongly, with TTV and revenue growth of 42.5% and 44.3%, respectively, off an increasingly larger base.

For FY27, Zip expects to deliver a group cash EBITDA of $340 million, representing material growth of 26% year on year.

The business expanded its operating margin to 20% from 15.8% in the previous financial year while active customer numbers rose 3.7% to 6.5 million.

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