1. Why did Zip (ASX:ZIP) reaffirm its FY26 earnings guidance?

Zip reaffirmed its FY26 guidance of at least $260 million in group cash EBTDA due to significant growth in its United States operations. The company is seeing the benefits of its strategic pivot toward North America, which now serves as its primary growth engine.

How did Zip (ASX:ZIP) perform financially in the March quarter?

Zip reported strong growth across all key financial metrics, with total transaction volume (TTV) rising 22.4% year-on-year to $4 billion. Group cash EBTDA surged by 41.5% to $65.1 million, while total income grew 20.2% to reach $335.2 million.

Is the US market now more important for Zip than Australia and New Zealand?

Yes, the US has officially become Zip’s primary market by customer volume and growth momentum. As of the March quarter, Zip has 4.6 million active customers in the US compared to just 1.9 million in the Australia and New Zealand (ANZ) region.

What is the current growth trend for Zip’s US transaction volumes?

Growth in the US remains aggressive, with April TTV figures showing an increase of over 40% year-on-year. This indicates that the momentum from the March quarter has carried over into the final quarter of the fiscal year.

How is Zip (ASX:ZIP) managing credit risk and loan losses in the US?

Zip’s US credit performance is currently meeting management expectations, which is a critical metric for buy-now, pay-later (BNPL) providers. The company forecasts that US loss rates will improve further, dropping below 1.7% of TTV in the fourth quarter.

How many active customers does Zip (ASX:ZIP) currently have?

Zip’s total active customer base has grown to 6.5 million users globally. This represents a 3.5% increase, driven largely by the 4.6 million users located in the United States.

Zip reaffirms FY26 targets on strong US growth

Written by Jon CuthbertPublished May. 7 2026Last Updated May. 7 2026

Buy-now, pay-later pioneer Zip (ASX:ZIP) has reaffirmed its FY26 earnings guidance, buoyed by a surge in transaction volumes and a commanding performance in the United States.

Following a robust March quarter, the company remains on track to deliver a group cash earnings before interest, tax, depreciation, and amortisation of at least $260 million for the 2026 financial year.

The outlook comes as the fintech’s strategic pivot towards the North American market pays dividends, with the US division now firmly established as the group’s primary engine for growth.

The quarterly figures highlight a business operating at scale; total transaction volume climbed 22.4% to $4 billion, while group cash EBTDA surged 41.5% to $65.1 million compared to the previous year.

Total income followed a similar upward trajectory, rising 20.2% to $335.2 million. The customer base also continues to broaden, with active users growing to 6.5 million.

The US segment now accounts for 4.6 million of these customers, dwarfing the 1.9 million active users in the Australia and New Zealand arm.

Management noted that momentum has carried into the current period, with April TTV in the US exceeding 40% year-on-year growth.

Credit performance also remains a highlight; US credit outcomes are currently meeting expectations and are projected to sharpen further, with loss rates forecast to drop below 1.7% of TTV in the fourth quarter.

At the time of reporting, Zip's share price was $2.67.