Zip Co Ltd. reported a 57.9% surge in cash earnings before tax, depreciation and amortization to $268.9 million for the fiscal year ended June 30, 2026, as total transaction volume climbed 27.2% to $16.7 billion.
The buy-now-pay-later provider said statutory net profit after tax rose 45.7% to $116.4 million, while operating margin expanded to 20%—exceeding guidance of at least 18%—as revenue grew 24.6% to $1.35 billion. Cash gross profit increased 26.2% to $642.3 million, with a gross profit margin of 47.7%. The company completed $150 million in on-market share buybacks during the year.
U.S. operations drove the bulk of growth, contributing 76% of total transaction volume. U.S. TTV rose 42.5% to $8.6 billion in dollar terms, with revenue up 44.3% to $613.1 million. Active U.S. customers increased 9.3% to 4.6 million, while transactions per customer climbed 23.1% to 13.1 annually. Spend per customer rose 30.5% to $1,851. The U.S. cash EBTDA grew 43.7% to $227.8 million, with net bad debts holding steady at 1.73% of TTV.
Australia and New Zealand revenue increased 4.6% to $432.9 million, with cash EBTDA nearly doubling to $69.5 million. Operating margin in the region expanded by 753 basis points to 15.9%, supported by a 9.4% rise in Australian receivables to $2.31 billion. Merchant additions included partnerships with The Iconic, Samsung and Expedia Group.
Management set FY27 guidance for U.S. TTV growth of at least 30% in dollar terms, with group operating margin projected at 20% to 22% and cash EBTDA targeted at $340 million. The company plans up to $50 million in additional share buybacks and is evaluating a potential U.S. stock exchange listing. Zip’s share price rose 14.73% to $2.96 following the results presentation on August 20, 2026.
