Australia's Zip Co rises after flagging strong momentum in US

Zip

07/05/2026 01:48

** Shares of Australia's Zip Co ZIP.AX rise as much as 8.3% to A$2.73, their highest level since February 18

** Stock marks biggest intraday pct gain since April 20

** Digital financial services company says momentum continued across the group in April, with U.S. TTV growth of over 40% (in USD) for the month

** Co reconfirmed its FY26 guidance

** Stock last up 3%, trimming YTD losses to 21%

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))