Australia's Zip Co hits over 3-1/2-year high on strong earnings, outlook

Zip Co

20/10/2025 24:52

Corrects second bullet to say cash EBTDA from cash EBITDA

** Shares of Australia's Zip Co ZIP.AX rise as much as 11.5% to A$4.93, their highest level since mid-December, 2021

** Digital retail finance and payments co says its cash EBTDA for Q1FY26 nearly doubled from a year earlier to A$62.8 million ($40.82 million)

** Sees U.S. total transaction volume growth for FY26 above 40%

** Jefferies says co's Q1FY26 results either in line or ahead of brokerages' estimates across all metrics

** Active customers at quarter-end increased 5.3% to 6.4 mln compared with Q1FY25

** Revenue increased 32.8% from Q12025 to A$318.5 mln

** YTD, stock up 58.3%

($1 = 1.5385 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))