Loading…
Buy-now-pay-later fintech letting consumers split purchases into installments, operating mainly in Australia and the US.
Buy-now-pay-later fintech letting consumers split purchases into installments, operating mainly in Australia and the US.
Is paid mainly by merchants, who pay a fee on each purchase to offer instalments, with smaller income from customer fees and interest. It funds customer loans through borrowings secured on them, so funding costs and credit losses are the key swing factors. The US has grown to be its bigger market.
In one line: Australia's Affirm/Afterpay-style BNPL provider.
Moat: narrow (network effects, data). Merchant and consumer network scale plus proprietary credit-risk data, though BNPL competition is intense.
Headquarters: Sydney, Australia · Founded: 2013 · Employees: 877
Size Zip (ZIP.AX) is an Australia Financials company (Finance/Rental/Leasing) with a market value of $1.74B, the 132nd largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.02 on 6 Nov 2026.
Performance Over six months the shares fell 17.2%, against -3.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 24.4% over the last twelve months (peer median +7.1%); the operating margin is 10.9% (peer median 12.6%).
Valuation It trades at 3.74× book value against a peer median of 1.54× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 66.6%; Zip delivers 16.8%, so the price asks more than the business earns today.
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$1.35B | A$1.35B | A$1.10B | A$874M | A$672M |
| Revenue growth | — | +23% | +25% | +30% | — |
| Gross profit | A$880M | A$881M | A$623M | A$451M | A$326M |
| EBITDA | A$195M | A$195M | A$91.6M | -A$8.99M | -A$160M |
| Net income | A$116M | A$116M | A$79.9M | A$11.2M | -A$384M |
| Free cash flow | -A$87.2M | -A$87.2M | -A$51.4M | A$272M | -A$228M |
| Capital expenditure | A$42.9M | A$42.9M | A$19.5M | A$17.5M | A$24.6M |
| Total debt | n/a | A$2.76B | A$2.42B | A$2.42B | A$2.94B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Zip ZIP.AX | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% |
| Block XYZ | $51.7B | +14% | +7% | 2% | 2.26× | 36.3% |
| Affirm AFRM | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% |
| Klarna KLAR | $5.13B | -6% | +34% | -6% | 2.11× | 24.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ZIP.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.9% | -0.5% | 9th lowest of 21 |
| 6-month return | -17.2% | -3.9% | 5th lowest of 21 |
| Return on equity | 16.8% | 6.9% | 4th highest of 21 |
| Price / book | 3.74× | 1.54× | 2nd most expensive of 21 |
| Trailing P/E | 22.3× | 15.6× | 7th most expensive of 19 |
| ROE the price implies | 66.6% | 14.1% | most demanding of 21 |
| ROE delivered | 16.8% | 7.1% | 4th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| CreditAccess Grameen CREDITACC.NS | India | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% | 19.7% |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Federal Agricultural Mortgage AGM | United States | $1.90B | 0% | +31% | 13% | 1.56× | 14.0% | 13.5% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| AEON Financial Service 8570.T | Japan | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% | 4.9% |
| Aadhar Housing Finance AADHARHFC.NS | India | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% | n/a |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Custom Truck One Source CTOS | United States | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% | 3.7% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Upstart UPST | United States | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% | 8.0% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |