Zip (ASX:ZIP) share price jumps 5% on strong FY26 first quarter
Rask Media·2025-10-20 00:43
The Zip Co Ltd (ASX: ZIP) share price has gone up more than 5% after its latest quarterly update.Zip is one of the larger buy now, pay later businesses in Australia and the US.FY26 first quarterZip reported total transaction value (TTV) increased by 38.7% year on year to $3.9 billion and total income grew by 32.8% to $321.5 million.Income grew at a slower pace than TTV because the revenue margin declined to 8.2%, down from 8.6% a year ago. This was due to the higher contribution from the US.Both customer an ...