Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Zip Co Ltd. ( (AU:ZIP) ) just unveiled an announcement.
Zip Co Ltd. announced record-breaking results for the second quarter of FY25, reporting a Total Transaction Volume (TTV) of $3.4 billion, revenue of $269.4 million, and cash EBTDA of $35.3 million. This growth was largely driven by the US market’s exceptional holiday trading period, which saw significant increases in both TTV and revenue. The Australian and New Zealand (ANZ) market also showed a return to growth, supported by increased transaction numbers and improved portfolio yield. The company is focused on continuing this trajectory by emphasizing product innovation and marketing initiatives in the second half of the fiscal year.
More about Zip Co Ltd.
Zip Co Ltd. is a financial technology company that operates in the buy now, pay later sector. It provides digital payment solutions and services, primarily focusing on consumer credit and installment payment plans. The company has a strong presence in markets including the US and Australia, and it aims to enhance financial potential through innovation and engagement.
YTD Price Performance: 6.42%
Average Trading Volume: 12,991,522
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$4.11B
Learn more about ZIP stock on TipRanks’ Stock Analysis page.
