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Zip CO Ltd (ZIP.AX)

Zip CO Ltd (ZIP.AX)
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Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip's largest and fastest-growing segment.

Fiscal Year End Date: 06/30

(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Sales 1,071,595 867,978 693,207 620,003 397,068
Sales Growth +23.46% +25.21% +11.81% +56.15% +152.92%
Net Income 79,895 3,657 -377,015 -1,105,093 -658,774
Net Income Growth +2,084.71% +100.97% +65.88% -67.75% -3,203.62%
(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Total Assets 3,504,668 3,182,260 3,394,767 3,386,159 3,394,625
Total Assets Growth +10.13% -6.26% +0.25% -0.25% +154.85%
Total Liabilities 2,795,148 2,783,727 3,160,427 2,948,410 2,226,249
Total Liabilities Growth +0.41% -11.92% +7.19% +32.44% +97.60%
(Values in U.S. Thousands) Jun, 2025 Jun, 2024 Jun, 2023 Jun, 2022 Jun, 2021
Operating Cash Flow 0 0 0 0 0
Operating Cash Flow Growth unch unch unch unch unch
Net Cash Flow 38,959 76,231 -18,918 -29,350 296,893
Change in Net Cash Flow -48.89% +502.95% +35.54% -109.89% +1,371.22%
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